710/112-122 Goderich Street, East Perth WA 6004

710/112-122 Goderich Street, East Perth WA 6004
7th floor | north-facing position likely | no flood or bushfire risk | light-filled design | 52 sqm compact footprint This property carries two specific risks for a buyer. The first is floor-level noise and single-aspect orientation on a mid-floor unit, which can limit natural cross-ventilation and increase reliance on mechanical cooling-costing roughly $200โ€“$400 annually in additional energy. The second is the small internal area at 52 sqm, which may constrain future resale appeal to single professionals or investors, narrowing the buyer pool and potentially lengthening holding periods by 6โ€“12 months versus a 60+ sqm unit. The opportunity lies in the high $400K price point for a 7th floor position, which typically commands a premium over lower floors-if bought at or below market value, this unit offers stable rental yield potential near 4.5% gross, making it a sound hold for income-focused buyers rather than a flip. What makes this property competitively strong is the scarcity of one-bedroom units on the 7th floor in this complex, combined with the inclusion of a dedicated parking space-rare in East Perth apartments near public transport. For a buyer seeking entry into the Perth market with low ongoing maintenance and no bushfire or flood risk, this unit offers a clear positional advantage over ground-floor counterparts. The call to action is simple: cross-check recent comparable sales on Goderich Street to confirm pricing alignment, then move quickly if the offer range holds, because light-filled mid-floor units with parking are the first to go in this corridor.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

East Perthโ€™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

52mยฒ

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