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Low-Maintenance Living in the Heart of Wembley
Perfectly positioned on the top floor of a secure, well-maintained complex, this light-filled two-bedroom apartment is a standout opportunity for investors, first home buyers, and downsizers alike. With a tenant already in place and strong rental return, it also presents a ready-made investment in a high-demand area.
Enjoy the best of Wembley living, with a wide range of amenities, transport options and lifestyle attractions all just moments away.
Property Features:
• Two well-proportioned bedrooms, both with built-in robes
• Open-plan living and dining with great natural light
• Functional kitchen with ample storage
• Bathroom with combined laundry for added convenience
• Private balcony with a leafy outlook
• Secure undercover car bay
• Access to a resort-style communal swimming pool
Investment Details:
• Currently leased at $500 per week
• Tenancy in place until 19th August 2025
• Ideal for immediate returns with long-term growth potential
Location Highlights:
• Public transport at your doorstep - approx. 15 minutes to Perth CBD
• 500m to local cafés and dining including Pearfect Pantry
• 600m to Henderson Park, 1.2km to Lake Monger
• 1.5km to Floreat Forum, 3km to Subiaco shopping and dining precinct
• 1.2km to Wembley Primary School, 3.5km to Bob Hawke College
• 2km to St John of God Subiaco Hospital
• Easy access to Mitchell Freeway and just 6km to Perth CBD
Make It Yours
Whether you're looking for a solid investment with excellent returns, an easy-care first home, or a lock-and-leave downsizer in a top location, this Wembley gem ticks all the boxes.
Outgoings:
• Water Rates: $1,014.54 p.a.
• Council Rates: $1,354.67 p.a.
• Strata Levies: $613.3 p.q. + Reserve: $150.00 p.q.
DISCLAIMER: This information is provided for general information purposes only and is based on information provided by third parties including the Seller and relevant local authorities and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property features
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Air conditioned
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Floor area
64m2
Property snapshot by reiwa.com
This property at 24/237 Cambridge Street, Wembley is a two bedroom, one bathroom unit sold by Mark Stanhope and Kalin Lane at LJ Hooker Subiaco on 01 Jun 2025.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Wembley or see other recently sold properties in Wembley.
Cost breakdown
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Council rates: $1,354 / year
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Water rates: $1,014 / year
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Strata fees: $613 / quarter
Nearby schools
Wembley overview
Wembley is a large western-suburb of Perth. Established in 1831, Wembley's key population growth occurred between 1910 and 1930, and again in the post-war years. More recently, Wembley has experienced gradual increases since the mid-1990s as new homes have been added to the suburb.
Life in Wembley
Numerous recreational facilities and clubs add great lifestyle appeal to the suburb, with squash, t-ball, tennis, netball, football, athletics, baseball, lacrosse and hockey all catered for. Lake Monger is a much loved feature, providing lovely walk ways and beautiful scenery to those who visit, while The Wembley Hotel is a popular pub that never fails to draw a crowd. Cambridge Street is the suburbs most urban fixture, with numerous pubs and restaurants lining the street. There are three local schools in Wembley.
Wembley quick stats
High end
$2.5m
Median
$1.9m
Low end
$1.7m
6.6 %
Annual growth
$1.9m
Annual median sales price
$950pw
Annual median rental price
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