503/26 Charles Street, South Perth WA 6151

Fifth-floor 2-bed apartment built in 2020 | Tenanted at $785pw with an estimated yield around 4% | Flood overlay risk | Views to the CBD and Swan River | 108sqm This fifth-floor apartment in a boutique 2020 complex delivers light-filled open-plan living with ducted reverse-cycle air conditioning, a modern stone kitchen, rainfall shower, European laundry, study nook, and a 26sqm balcony for outdoor entertaining. Sliding floor-to-ceiling doors connect spaces seamlessly; the master features a walk-in robe, while the second bedroom is queen-sized with a built-in robe. It includes secure undercover parking, a storeroom, NBN fibre, 5G, intercom, CCTV, and a pet-friendly policy. Positioned close to Perth Zoo, the Swan River, Royal Perth Golf Club, and Mends Street’s cafes and bars, it offers walkable access to riverfront paths, public transport, ferries, and the freeway for a CBD commute. The area appeals to professional couples, downsizers, and CBD commuters seeking low-maintenance, modern living with river-views. Demographics lean toward convenience-focused buyers, with ongoing riverside revitalization and CBD proximity supporting tenant demand and potential capital appreciation. Rental history shows reliable occupancy and yields around 4% for comparable tenancies. Risks include the flood overlay requiring insurance checks and potential strata fees in the shared complex, though there are no bushfire or heritage issues.