51/11 Regal Place, East Perth WA 6004
51/11 Regal Place, East Perth WA 6004
4th floor corner unit | dual short/long-stay approval | flood overlay noted | walk to stadium and train
This apartment is competitively positioned as one of the few properties in East Perth with dual-use approval for both short-stay and long-term rental, a configuration that gives a buyer genuine flexibility in how they hold or exit. The corner position on the fourth floor, split-system air conditioning, and modern kitchen with island bench make it attractive to professionals or FIFO workers seeking a low-maintenance base. The dual-access ensuite and separate toilet add practical separation for shared living or guest use, while the 72-square-metre layout and built-in storage offer more than typical for a two-bedroom unit in this price band. Proximity to Claisebrook station, Optus Stadium, and the CBD catchment means the location supports strong tenant demand across both rental models.
The flood overlay is the primary risk and should be investigated for insurance cost implications and any resale hesitation from future buyers, though the property has traded recently and stands on an 87-square-metre lot, which is small enough that flood risk may be manageable. The approved short-stay use opens a higher-yield income stream if managed actively, while long-term rental at the mid-range estimate of 675 per week provides a stable alternative. For a buyer, this property works best as a hold-and-rent play with the option to pivot to short-stay if market conditions shift, rather than a flip or rapid appreciation play given the overlay and modest land size.
Detailed Independent Property Report prepared by PropCred Analyst team for 51/11 Regal Place, East Perth WA 6004
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
East Perth’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
87m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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