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Positioned in one of East Perth’s most recognisable riverfront addresses, this light and bright studio apartment at 45 Adelaide Terrace presents an outstanding opportunity for first home buyers, city-based professionals, and investors seeking a secure, income-producing asset in a prime location.
Recently refreshed, the apartment features a renovated kitchen and bathroom, delivering a modern, updated interior that enhances everyday living. The smart open-plan layout is designed for simplicity and functionality, creating a comfortable living and sleeping space suited to an easy, low-maintenance lifestyle.
With a quality tenant already in place paying $500 per week and a lease secured through to November 2026, this is a ready-made investment offering immediate returns. First home buyers also have the flexibility to purchase now and plan ahead to move in once the lease concludes.
Located just moments from the Swan River, Langley Park, and Elizabeth Quay, the lifestyle on offer is exceptional. Enjoy easy access to cafes, restaurants, shopping, and public transport, with free CAT bus services nearby providing seamless connectivity into the Perth CBD.
Studio apartments in this building remain consistently sought after due to their affordability and premium location, making this an excellent option for those looking to enter the market or add a low-maintenance, high-demand property to their portfolio.
This property at 122/45 Adelaide Terrace, East Perth is a one bedroom, one bathroom house sold by James Yeoman and Tracey Mainstone at Key Performance Real Estate on 24 Mar 2026.
Looking to buy a similar property in the area? View other one bedroom properties for sale in East Perth or see other recently sold properties in East Perth.
A tranquil waterside village, East Perth is situated less than two kilometres from the Perth city hub. Admired for its beautiful residential landscapes, the idyllic riverside suburb has long since set the benchmark for inner-city living. East Perth provides a bustling urban lifestyle against a picturesque backdrop.
There are eateries, sporting venues, pubs and evening venues all accessible within East Perth. The iconic Royal Street is home to some of the best brunch spots in Perth and there is The Royal on The Waterfront, a much loved pub, restaurant and cocktail bar. The WACA, the home of cricket in Western Australia, is also a feature of the suburb and hosts some of the biggest games in cricket every year. Other notable mentions include the Perth Mint, Claisebrook Cove and City Farm.