94/150 Mill Point Road, South Perth WA 6151

94/150 Mill Point Road, South Perth WA 6151
2 bed | 1 bath | 1 car | 62 m² | 1968 build | flood overlay | secure complex | river-adjacent This apartment sits within a well-established complex that offers a rare combination of river proximity and secure, low-maintenance living at a more accessible price point than newer stock in the same corridor. The 62 m² internal area is typical for its era but is complemented by a balcony, built-in robes, and floorboards, which help the interior feel functional rather than cramped. The complex itself occupies a generous 1.16-acre parcel, which is unusual for an older apartment building and suggests potential for shared amenity or future renewal. For a buyer seeking an entry-level foothold in South Perth’s riverside apartment market—particularly a downsizer, a city-fringe professional, or an investor targeting reliable rental demand—this unit offers a genuine position in a sought-after location without the premium attached to newer developments. The flood overlay flagged on the property may influence insurance costs and could temper buyer appetite among those unfamiliar with such designations, though it does not by itself indicate a history of inundation or restrict current use. The 1968 build means base finishes and common areas may reflect a lower standard than recent apartment product, and the single bathroom and single car space limit its appeal to households or those requiring more parking or guest accommodation. A buyer forming a view on price should weigh the trade-off between the location and outlook potential against the older configuration, and consider whether the floor level and aspect—which were not confirmed in available data—could materially affect both enjoyment and resale value.
Detailed Independent Property Report prepared  by PropCred Analyst team for 94/150 Mill Point Road, South Perth WA 6151
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk 2
Income Risk
Execution Risk 2
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Market Insight

South Perth is a premium riverside suburb offering exceptional lifestyle and CBD proximity. Demand is driven by downsizers, interstate migrants, and those priced out of eastern capitals, competing for limited stock in a chronically undersupplied market. This has fuelled strong recent price growth across housing segments. Future growth is underpinned by sustained migration and low vacancy rates, though key constraints include declining affordability and a persistent shortage of listings, particularly at entry-level price points.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

1.16 acres

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