8/148 Adelaide Terrace, East Perth WA 6004

High-rise unit with gym/pool | 2009 build newer than area median | Inner-city Adelaide Terrace location | Flood and heritage overlays present This unit presents a competitively strong offering within East Perth’s established high-rise market. Its 2009 construction date is notably newer than much of the suburb’s unit stock, and the combination of two full bathrooms, building amenities like a gym and pool, and a prime inner-city address caters specifically to a professional or downsizer buyer seeking a low-maintenance, lifestyle-oriented residence. The internal floor area is above the local median, providing a tangible space advantage. Your decision hinges on balancing these lifestyle benefits against the inherent constraints of strata governance and the specific overlays. The flood and heritage overlays introduce potential insurance complexities and limit modification options, costs which are embedded in the long-term holding position. For a buyer, the commercial logic is in securing a modern, well-located unit with above-average rental appeal; treat this as a long-term hold to amortize strata costs, not a short-term trade. The current asking price aligns with its estimated value, suggesting a stable, not discounted, entry point. Recent comparable sales are limited, but a nearby smaller unit at 8/148A sold for $404,834 in July 2023. This starkly lower price underscores the premium commanded by this property’s larger size, superior specifications, and building amenities, reinforcing its positioned value in the current market.