65/16 Grey Street, Cannington WA 6107
65/16 Grey Street, Cannington WA 6107
Ground-floor 2x2x1 apartment | 74sqm internal plus courtyard | 2016-built secure complex | Investor-oriented with tenant to 2027
This unit offers a rare combination of ground-floor access with a private enclosed courtyard, a feature that is consistently in short supply within modern apartment complexes. The 74sqm internal footprint is generous for a two-bedroom format, and the inclusion of a separate storeroom and secure car bay adds practical daily value. Built in 2016 within a 71-unit complex, the property sits in a convenience-led suburb anchored by Westfield Carousel and Cannington Station, making it a strong fit for investors seeking low-maintenance, tenant-friendly stock or entry-level owner-occupiers who prioritise transport and retail access over space or land. The existing tenancy at $600 per week until early 2027 provides immediate income certainty, which may appeal to buyers who want a hands-off holding from settlement.
The property’s value may be influenced by its strata obligations, which appear to vary across comparable units in the complex and should be reviewed carefully for any upcoming special levies. The ground-floor position, while offering courtyard access, may carry a slight premium or discount depending on the buyer’s tolerance for proximity to common areas. A bushfire overlay is noted on the title, which may affect insurance costs and lending criteria for some purchasers. The apartment’s finishes are solidly mid-market rather than premium, and the complex’s investor-heavy profile may limit capital growth compared to lower-density or owner-occupied stock in the same suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 65/16 Grey Street, Cannington WA 6107
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Cannington is a well-established, inner-ring suburb experiencing strong demand from young professionals, driving rapid price growth and a highly competitive sales market. This demand is supported by significant population growth and proximity to Perth, creating a tight rental market with solid yields. Future growth is underpinned by its established infrastructure and demographic momentum, though affordability pressures and interest rate sensitivity present key constraints to watch.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.11 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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