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23/138 Adelaide Terrace, East Perth WA 6004

Sold price: $170,000 Sold: 13 Jan 2023
Sold
  • 1 Bedroom
  • 1 Bathroom
  • Landsize 30m2
House
23/138 Adelaide Terrace, East Perth WA 6004

Cash Machine With Potential 9% Gross Return!

- 9% GROSS RETURN ACHIEVEABLE
- READY TO MOVE IN OR LEASE OUT
- IDEAL INNER-CITY LOCATION
- RENOVATED, FULLY FURNISHED

SMALL FISH SWEET! Apartment 23 is perched on the 2nd floor (lift or stair access), features renovated kitchen with gas cooking and can be sold fully furnished & equipped. With vacant possession available, you can move in or rent out straight away. The complex features security fob access for your piece of mind and pool for residents.

Situated in the heart of East Perth, in the centre of Adelaide Terrace, and in walking distance to an abundance of amenity, you will be hard pressed to find better value at this price! Plus, with such a central location, you won't even need a car!

Parking available for lease from Strata, $150 p/m.
Parking subject to availability, contact Terry Lu on 0410 213 027 for more details.

Features Include:
- Level 2, renovated studio apartment
- Vacant possession available, move in or lease out straight away
- Strong rental history, 9%+ potential investment return!
- Option to purchase fully furnished & equipped
- Open plan living and dining
- Spacious kitchen with ample bench space, storage and gas cooking
- Space for a Built-in bed with additional storage
- Fresh, modern bathroom with shower bath, and independent laundry
- Secure complex with swipe card entry & pool in building for residents
- Minutes to cafes, restaurants, parks, bars & more in any direction
- Multiple bus routes on your doorstep
- Low strata fees
- Communal laundry on ground floor - pay as you use
- Total Strata Area: 30m2

Location Highlights Include:
- 350m to Langley Park or Queens Gardens
- 450m to Lake Vasto & Ozone Reserve
- 750m to the WACA
- 900m to Point Fraser
- 1km to Gloucester Park
- 1.3km to Perth CBD
- 1.6km to Elizabeth Quay & so much more!

Outgoings (approximate):
Council Rates: $1,259.05 p/a
Water Rates: $966.06 p/a
Strata Levies: $693.10 p/q (admin + reserve)

DISCLAIMER:
All distances to amenities are estimations obtained from Google Maps. All sizes of the property are estimated, and buyers should rely on their own measurements when onsite. All rates/outgoings are approximate/estimates.

Property features

  • Floor area 30m2

Property snapshot by reiwa.com

This property at 23/138 Adelaide Terrace, East Perth is a one bedroom, one bathroom house sold by Terry Lu at Realestate 88 on 13 Jan 2023.

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.

Cost breakdown

  • Council rates: $1,259 / year
  • Water rates: $966 / year
  • Strata fees: $693 / quarter

Nearby schools

0.7km
Mercedes College
  • Secondary
  • Non-government
0.9km
Trinity College
  • Combined
  • Non-government
1.6km
St George's Anglican Grammar School
  • Secondary
  • Non-government
Disclaimer

East Perth overview

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.

Life in East Perth

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.

East Perth quick stats

High end $2.0m
Median $1.6m
Low end $1.2m
11.1 %
Annual growth
$1.6m
Annual median sales price
$550pw
Annual median rental price

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FAQ's

The median house price in East Perth is $1,580,000, the median unit price is $495,000.

23/138 Adelaide Terrace, East Perth is a 1 bedroom, 1 bathroom house.
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