View
Space, Income & Family-Friendly Location
38/123 WELLINGTON STREET IS SELLING! CALL TERRY LU TODAY @ 0410 213 027
Whether you're stepping into your first home or securing a high-performing investment, this 3-bedroom apartment offers the perfect mix of lifestyle, income, and location.
Fully furnished and leased at $810/week until May 2026, it delivers strong returns from day one—while sitting just steps from Wellington Square playground and the heart of East Perth.
Property At a Glance:
* Built In 2000, Level 4th in "The Rise" Building
* Corner position, East Facing
* Three-bedroom layout — ideal for small families, executive couples, or shared living
* Furnished & leased — $810/week income secured until May 2026
* Prime location — walk to Wellington Square, cafes, and city transport
* Turnkey investment — no setup required, just collect the rent
* Great first home potential — spacious, central, and ready when the lease ends
With East Perth evolving and family-friendly amenities on the rise, now’s the time to secure a spacious city-edge apartment before prices climb.
Strata Areas & Outgoings:
* Internal: 94sqm; Balcony: 10sqm; Car Bay: 15sqm; Store: 2sqm; Total: 121sqm
* Council Rate:$2,024 p.a
* Water Rate: $1,371 p.a
* Strata Levy: $1,536 p.q (incl. reserve fund)
Building Amenities:
"The Rise" offers secure, private living with recently refurbished communal facilities. Enjoy a sparkling-blue outdoor swimming pool, fully equipped gym, relaxing sauna, and a massive recreation room—perfect for both downtime and socialising.
Nearby amenities include:
* Wellington Square on your doorstep
* Free CAT bus at your doorstep
* 2 min drive to Mercedes College
* 8 min drive to Trinity College
* 700m to Royal Perth Hospital
* 1.2km to the CBD
* 1.7km to Elizabeth Quay
* 1.9km to Hay Street Mall
* 4.0m to Optus Stadium
DISCLAIMER:
All distances are estimations obtained from Google Maps. All sizes of the property are architectural, estimated, and buyers should rely on their own measurements when onsite. All outgoings are approximate and subject to change without notice.
Property features
-
Garages
1
-
Floor area
121m2
Property snapshot by reiwa.com
This property at 38/123 Wellington Street, East Perth is a three bedroom, two bathroom apartment sold by Terry Lu at Realestate 88 on 17 Nov 2025.
Looking to buy a similar property in the area? View other three bedroom properties for sale in East Perth or see other recently sold properties in East Perth.
Cost breakdown
-
Council rates: $2,024 / year
-
Water rates: $1,371 / year
-
Strata fees: $1,536 / quarter
Nearby schools
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
$2.1m
Median
$1.8m
Low end
$1.6m
10.6 %
Annual growth
$1.8m
Annual median sales price
$725pw
Annual median rental price
