505/659 Murray Street, West Perth WA 6005

High-floor north aspect | massive 53sqm balcony | 2018 build with pool/gym | vibrant West Perth fringe This unit’s primary competitive strength is its disproportionate outdoor space, a 53sqm balcony that effectively doubles the living area, paired with a north-facing aspect on a high floor—a rare configuration that commands a premium. The 2018 build with quality amenities and secure parking positions it above older stock, best serving an owner-occupier seeking light and space or an investor targeting professionals drawn to the precinct’s vibrancy. The principal risk is the very small 47sqm internal area, which caps its appeal to buyers needing functional space and may challenge capital growth relative to larger units. However, strong rental estimates suggest solid yield; the commercial logic is to acquire for hold, leveraging its standout features for above-market rent. Treat this as a long-term hold to mitigate the strata cost burden of a 3421sqm building lot. Recent comparable sales, while details are incomplete, indicate activity in the area. For example, units at 11/448 Murray Street and 902/78 Stirling Street have transacted. This market movement supports the valuation band for this property, suggesting its premium ask is tested against genuine sales, not just listing aspirations.