L 1 13/5 Clarence Street, South Perth WA 6151

L 1 13/5 Clarence Street, South Perth WA 6151
1 bed | no parking | strong yield | ground floor | South Perth What is competitively strong about this unit is its rental performance. At around $600 per week against a purchase price in the mid-to-high five hundreds, the yield sits comfortably above typical residential returns in Perth, which makes it a genuine investment-grade proposition. The suburb itself is well-connected, with good schools and transport, and demand from single professionals or couples looking for a lifestyle address remains consistent. For an investor seeking a lower-entry point into South Perth without compromising on rental return, this configuration works well. The reliable tenant in place also reduces immediate vacancy risk, which adds practical appeal for someone wanting income from day one. The absence of parking is a material constraint that may limit future capital growth compared to units with a bay, particularly in a suburb where car ownership is common. Being on ground level might also affect privacy and perceived security, which could narrow the pool of owner-occupiers if resale to that buyer type is considered later. The building appears to be early 2000s construction, so buyers should weigh potential maintenance obligations against the benefit of a lower purchase price. These factors may influence how the property performs over time, but they do not undermine its current income story.
Detailed Independent Property Report prepared  by PropCred Analyst team for L 1 13/5 Clarence Street, South Perth WA 6151
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk
Income Risk 2
Execution Risk
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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

1

Bathroom

1

Parking

-

Land

2012m²

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