6/23 Wellington Street, East Perth WA 6004

6/23 Wellington Street, East Perth WA 6004
2 bed, 1 bath, 1 car apartment | sold May 2026 | light-filled, unfurnished | low-maintenance inner-city living | compact but functional layout This property is a neat and light-filled two-bedroom apartment in a modern East Perth building, offering the kind of straightforward, low-maintenance living that suits first-home buyers and CBD professionals equally well. The single-bathroom configuration is more compact than premium two-bathroom units, but it keeps the floorplan efficient and the price point accessible for the suburb. Its position on Wellington Street places it within easy reach of the city fringe and public transport, which supports both owner-occupier appeal and rental demand from inner-city workers. The 107 sqm block descriptor suggests a reasonably generous footprint for an apartment, which is a practical advantage over many newer, tighter units in the area. The sale price of $599,000 may be weighed against the fact that a similar unit in the same building sold for $530,000 in March 2025, which could indicate either market movement or differences in floor level, aspect, or internal condition that are not confirmed from available records. The building’s age appears modern but is not precisely stated, so buyers should verify construction quality and any upcoming strata levies or sinking fund requirements. The lack of verified details on balcony orientation, outlook, or building amenities means the property’s true comparative value may hinge on these unconfirmed factors, so a physical inspection and review of strata documents are essential before forming a final view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 6/23 Wellington Street, East Perth WA 6004
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ✓
Execution Risk ✓
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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

1102m²

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