812C Canning Highway, Applecross WA 6153

812C Canning Highway, Applecross WA 6153
3 bed 2 bath 2 car | 220 sqm survey-strata | three-only complex | Applecross riverside school catchment | Canning Highway exposure What gives this property a genuine edge is the combination of a full three-bedroom, two-bathroom layout with two car spaces, wrapped into a survey-strata complex of just three residences. That means you get the space and privacy of a townhouse without the garden maintenance, which is rare along this corridor where most stock is either compact two-bedroom apartments or older strata units. The 220 square metres of internal area is generous by any standard, and the open-plan living with a separate meals zone opening onto a large covered balcony gives it a genuine indoor-outdoor flow that suits Perth’s climate. It sits in the Applecross school catchment, which is a strong draw for families, and the proximity to Canning Bridge Station, the river, and the yacht club adds everyday lifestyle appeal. This property is best suited to downsizers wanting single-level convenience, professional couples, or small families who want house-like proportions without the land upkeep. The Canning Highway frontage is the main factor that might temper value. It is a busy arterial road, so traffic noise and reduced privacy are real considerations, and the immediate streetscape is a mix of older and newer apartment stock rather than a quiet residential pocket. The lack of confirmed building age and floor level means you should investigate construction quality and insulation before committing. The 220 sqm size and three-bedroom format should command a premium over smaller units nearby, but the survey-strata structure and shared complex arrangements may limit some buyer appeal compared to a freestanding house. The current asking price positions it above typical two-bedroom apartments in the area, so the value case rests on whether the extra space and the three-only complex justify that step up. Rental demand for larger stock here appears solid, which supports the price for investors, but owner-occupiers will likely weigh the road exposure most heavily. || Comparable Sales: 8/880 Canning Highway sold May 2024 at $550k–$600k weekly lease value, 2×1 format | Property Price Band: $1.5M–$1.6M | Value Drivers: internal size, three-bedroom configuration, survey-strata exclusivity, school catchment access
Detailed Independent Property Report prepared  by PropCred Analyst team for 812C Canning Highway, Applecross WA 6153
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Applecross, an affluent riverside suburb of Perth locked between Canning Highway and the Swan River, remains a tightly held prestige market within the City of Melville. Demand is propelled by high-income households earning well above the Greater Perth average, drawn to positional scarcity and the area’s predominantly residential character. House prices sit at a $2,550,000 median, up 11.41% annually, while units have surged 47.14% to $1,160,000, reflecting investor and buyer appetite following broader Perth momentum. Conditions favour sellers: houses sell in a median 22 days, with only 130 house sales per year, indicating constrained turnover. Gross rental yields remain compressed for houses at 2.18%, but units offer a healthier 4.16% return, anchored by weekly rents of $1,050 and $800 respectively. The growth trajectory is underpinned by limited riverside land and affluent demographics, but with house yields so thin, much of the capital gain appears priced in, leaving values vulnerable to shifts in sentiment.
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PropCred Estimated Value

Comparable Sales: 8/880 Canning Highway sold May 2024 at $550k–$600k weekly lease value, 2×1 format | Property Price Band: $1.5M–$1.6M | Value Drivers: internal size, three-bedroom configuration, survey-strata exclusivity, school catchment access

Bedrooms

4

Bathroom

3

Parking

2

Land

320m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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