8/5 Delhi Street, West Perth WA 6005
8/5 Delhi Street, West Perth WA 6005
3 bed 2 bath 1 car | 104sqm internal | 151sqm land | last sold 2015 | West Perth high-rise
This apartment is competitively strong because three-bedroom units in West Perth are rare, most stock being one or two-bedroom investor product. The 104sqm floor area is generous for a high-rise setting, offering genuine space for owner-occupiers who want CBD proximity without sacrificing room to live. The 151sqm land size reflects strata entitlement but underscores a larger-than-average lot allocation, which may support better amenity or future balcony potential. This property serves downsizers or professionals seeking a walkable city fringe address with room for a home office or guests, rather than the typical compact rental unit.
The last recorded sale was in 2015, so the current price may reflect a significant market shift since then. Council and water rates around $3,500 annually are moderate for the size but should be factored into holding costs. The building’s age and finish quality are unconfirmed from available data, which might affect valuation if the interior needs updating or if strata levies are higher for older complexes. The absence of confirmed aspect or floor level means the unit’s light and outlook remain unknown, both of which can materially influence desirability and resale value.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 8/5 Delhi Street, West Perth WA 6005
Market Insight:
West Perth is a tightly held inner-city suburb positioned for sustained demand, driven by its proximity to the CBD and robust transport links. Demand is fuelled by strong population growth, including interstate and overseas arrivals, while a chronic undersupply of housing stock creates intense competition, accelerating capital growth as evidenced by recent rapid price appreciation. Future growth is anchored in this persistent supply-demand imbalance, though affordability pressures and interest rate sensitivity remain key constraints for the market.