N7/70 Canning Beach Road, Applecross WA 6153

3 bed 2 bath apartment under offer | est value $1.77m | rental $1095pw | riverfront precinct demand strong | 195m² lot, 2 spaces Spacious flat in a secure complex on the Applecross foreshore, configured with open-plan living, a gourmet kitchen, and a north-facing orientation capturing Swan River panoramas toward Perth city and beyond. Bedrooms include a master suite with city views and others overlooking the Canning River and Mount Pleasant waterfront, plus a balcony for outdoor living. The complex offers a heated pool, gym, steam room, and conference facilities, with secure parking and lifts nearby. The property sits within Melville Council, carries flood and heritage overlays but no bushfire risk, and benefits from full 5G coverage. Positioned directly on riverfront paths, steps from the South Perth Yacht Club, Canning Bridge station, a 24-hour IGA, and the expanding Canning Bridge Precinct with new cafes and shops injecting vibrancy. Catchment covers Applecross Primary School (K-6) and Applecross Senior High (7-12), with nearby St Pius X Catholic Primary. Appeals to downsizers, professionals, or small families seeking low-maintenance luxury with water proximity and urban access, without vast land demands. Demand reflects quick uptake in this premium riverfront segment, with offers pending and competitive buyer interest amid foreshore appeal. Rental yield around 3.2% attracts investors eyeing steady tenant pools from local professionals and yacht club affiliates. Growth drivers include precinct evolution and school zones bolstering family draw, with a qualitative uptrend in similar luxury units. Opportunities lie in lifestyle perks like immediate waterfront walks and transport links easing commutes to the CBD, plus potential value lift from ongoing precinct developments. Risks encompass flood overlay exposure during heavy rains and heritage constraints possibly limiting modifications, alongside strata maintenance costs in an established complex.