614/112-122 Goderich Street, East Perth WA 6004
614/112-122 Goderich Street, East Perth WA 6004
Heritage overlay restricts changes | Long lease caps short-term gains | Ongoing strata fees must be tracked | Market movement since 2019 underpins future.
The heritage overlay introduces costs and delays for any alterations, but this is a turnkey unit with a tenant until 2027, offering immediate income at an estimated 4.5–5% gross yield. Price growth was likely muted since 2019’s $150,000 sale, given current comparables near $424,000; upside hinges on area gentrification and interest rate shifts. Hold for steady cash flow, not aggressive flipping.
Its value lies in the tenancy security and East Perth’s high renter demand-48% of locals are 20–39, fueling a 55/45 owner-renter split. The furnished, low-maintenance layout and car space reduce void risk, making it best for hands-off investors chasing inner-city exposure without vacancy stress. Compare past $150k sale to higher estimates today to gauge your entry position; verify heritage limits with council to proceed.
Detailed Independent Property Report prepared by PropCred Analyst team for 614/112-122 Goderich Street, East Perth WA 6004
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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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
1
Bathroom
1
Parking
1
Land
50m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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