Sold
40/122 Terrace Road, Perth WA 6000
Sold price: $320,000
Sold: 11 Feb 2025
Sold
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1 Bedroom
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1 Bathroom
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Landsize 34m2
Unit
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UNDER OFFER
Riverside Living in the Heart of the CBD
Where else can you secure a home on the stunning Swan River foreshore, surrounded by million-dollar apartments, for this incredible price?
This top-floor studio offers exceptional value and an enviable location. Just steps from the Swan River and within walking distance of Perth's CBD, it's ideal for first-home buyers, savvy investors, or anyone seeking a vibrant riverside lifestyle.
The Floorplan:
• Living Space: Open-plan studio layout with parquetry flooring, freshly painted walls, and a refurbished bathroom and cabinetry.
• Kitchen: Modern cabinetry, ample storage, tile splashback, and a breakfast bar.
• Bathroom: Well-maintained, with a fresh modern finish.
• Air-Conditioning: Reverse cycle split-system for year-round comfort.
• Furnishing: Fully furnished (or unfurnished upon request).
• Complex: Secure and well-maintained in a prestigious riverside neighbourhood.
Other things to consider:
• Year Built: 1961
• Land Size: 34 sqm
• Studio Size: 34sqm
• Rental Return: Approx. $500.00 per week
• Car Parking: No dedicated bay, but annual parking permits available for under $100 p/a (subject to council approval).
• Security: Located in a well-maintained and secure complex
Easy Access to:
• Swan River Foreshore
• Elizabeth Quay
• Langley Park
• Perth CBD
• Public transport & ferry services
• Cafes, restaurants, and entertainment precincts
Outgoings:
• Council Rates: Approx.$1,308.90 per annum (2024/2025)
• Water Rates: Approx. $941.60 per annum (2024/2025)
• Strata Levy: $548.75 per quarter
This property is a fantastic investment opportunity or a perfect starter home for those entering the property market. With its unbeatable riverside location and strong rental potential, it appeals to professionals, investors, and those seeking an affordable city lifestyle.
Don't miss this opportunity to secure a prime riverside location at an unbeatable price! Visit us during the open house or contact Walter Iustini at 0418 912 682 or walter@sellingperth.realestate
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. Please note, that some images have been modified and some virtual furniture and fittings are for illustration purposes only.
Property features
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Floor area
34m2
Property snapshot by reiwa.com
This property at 40/122 Terrace Road, Perth is a one bedroom, one bathroom unit sold by Walter Iustini at Selling Perth Real Estate on 11 Feb 2025.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Perth or see other recently sold properties in Perth.
Cost breakdown
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Council rates: $1,308 / year
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Water rates: $941 / year
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Strata fees: $548 / quarter
Nearby schools
Perth overview
Perth is the bustling, exciting capital of Western Australia and the location of the Central Business District. With attractions such as Elizabeth Quay and the Bell Tower, the city basks in the stunning surrounds of the Swan River. Young, hip and evolving at a rapid pace, Perth is firmly establishing itself as a world-class city centre.
Life in Perth
With major developments underway in Perth to elevate the city’s cultural panache, Perth is experiencing a cultural awakening. Laneway bars and rooftop venues are in abundance, as well as a broad range of restaurants to satisfy any palate. Transport in and out of the city is convenient with the Perth Train Station and Bus Station as well as free CAT bus services. Carillion City, Forrest Chase and the Hay Street and Murray Street malls (to name a few) will appeal to retail addicts.
Perth quick stats
High end
$1.6m
Median
$1.3m
Low end
$1.1m
29.9 %
Annual growth
$1.3m
Annual median sales price
$700pw
Annual median rental price
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