5/40 Portland Street, Nedlands WA 6009

5/40 Portland Street, Nedlands WA 6009
2 bedrooms, 2 bathrooms, 1 parking space. Completed 2025 within an exclusive 11-unit complex on a 1,022m² lot in Nedlands. Premium finishes, low-density zone, no bushfire risk, and near prestigious schools. A strong competitive position is held by this property due to its brand-new construction within a deliberately low-density complex, a rarity in this established suburb. It is valued for its premium finishes and intimate scale, which set it above much of the older, denser apartment stock commonly found nearby. The ideal buyer is considered to be an affluent professional or downsizer seeking modern, low-maintenance living without compromising location prestige. This unit is best suited for those who prioritise newness, privacy, and a turnkey purchase in a school catchment area of high demand. The value of this property might be influenced by the shared land component, which may limit private outdoor space, though this is typical for premium apartments of this type. A higher entry price point is also seen as a potential constraint, but it is balanced by the scarcity of new low-density stock in this affluent pocket. Buyers are advised to weigh the trade-off between contemporary finishes and the possible slower capital growth compared to detached houses, though the suburb’s enduring appeal supports long-term desirability
Detailed Independent Property Report prepared  by PropCred Analyst team for 5/40 Portland Street, Nedlands WA 6009
Checks found:
Value Risk 2
Liquidity Risk 2
Planning Risk ! 1
Income Risk ! 1
Execution Risk 2
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Market Insight

Nedlands is a premier, high-value suburb defined by its affluent professional demographic and proximity to key universities, hospitals, and the CBD, which are central demand drivers. The market exhibits exceptionally strong capital growth and rapid sales, reflecting intense competition in a supply-constrained environment. Future growth is underpinned by its enduring lifestyle appeal and limited stock, though its premium pricing introduces sensitivity to economic shifts and constrains broader affordability.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

1022m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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