View
Bright Balcony Living in the Centre of Subiaco!
Welcome home to this stylish one-bedroom, one-bathroom semi-studio style apartment, originally built in 2014 and set in the vibrant heart of Subiaco. Offering 51 square metres of internal living space including a generous balcony, this property combines smart design with modern convenience and a highly desirable location. Inside, the apartment features carpet flooring, split-cycle air conditioning, and a semi-separated bedroom area with built-in robes. The kitchen comes fully equipped with integrated appliances including oven, dishwasher, and rangehood—perfect for easy living. A functional bathroom and internal laundry (with washing machine & dryer) complete the package, while the bright open-plan living space flows seamlessly to the spacious balcony, ideal for entertaining or simply enjoying the elevated outlook. Whether you’re a first-home buyer, downsizer, or investor, this apartment offers a low-maintenance lifestyle in one of Perth’s most walkable and amenity-rich suburbs. With strong rental demand, the property also presents an appealing investment option, achieving market rent of $630 per week.
Contact Thomas Bettison on 0401 378 355 today for more information.
Property Highlights:
• One-bedroom, one-bathroom semi-studio apartment built in 2014
• 40 sqm of internal living plus 11 sqm balcony
• Total lot area of 70 square metres including car bay and balcony
• Semi-separated bedroom with built-in robes
• Bright open-plan living area with carpet flooring
• Split-cycle air conditioning
• Modern kitchen with integrated appliances (oven, dishwasher, rangehood)
• Internal laundry within bathroom with washing machine & dryer
• Oversized balcony with elevated outlook
• Excellent strata complex features including secure lobby area with intercom, top storey entertainment including steam room, gym, common relaxing and entertainment spaces.
• Secure parking included
Investor Summary:
• Market rent estimated at $630 per week
• At a purchase price of $525,000, gross annual rental yield is approx. 6.3%
• High-demand location with strong rental appeal to professionals and downsizers
• Council Rates: Approx. $2,000 p.a.
• Water Rates: Approx. $1,100 p.a.
• Strata Fees: Approx. $TBA
Location Summary:
• Situated in the heart of Subiaco with cafés, restaurants, and shops at your doorstep
• 350 m to Subiaco Train Station for quick CBD access
• Walking distance to Subiaco Square, Coles, and Target
• Close to Kings Park and green spaces for outdoor leisure
• Easy access to hospitals (both King Edward Memorial & St John of God), schools, and the University of Western Australia
Why you will love it!
With its oversized balcony, integrated appliances, and unbeatable Subiaco location, 45/1 Sheen Street represents modern apartment living at its best. Whether you’re investing or moving in, this property offers a vibrant lifestyle opportunity not to be missed.
Property features
-
Garages
1
Property snapshot by reiwa.com
This property at 45/1 Sheen Street, Subiaco is a one bedroom, one bathroom apartment sold by Thomas Bettison at HouseSmart Real Estate Pty Ltd on 06 Oct 2025.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Subiaco or see other recently sold properties in Subiaco.
Nearby schools
Subiaco overview
Subiaco is an inner-western suburb just four kilometres from Perth City. The well-rounded urban locale has a mix of residential, commercial and entertainment sectors within its seven square kilometre land area. Subiaco is characterised by its culture, entertaining areas and heritage architecture.
Life in Subiaco
With an array of bars and restaurants, Subiaco comes alive at night. Enjoy a fine dining experience at one of the many restaurants, enjoy a drink at a trendy bar, take in a show at The Regal Theatre or simply catch up with friends over a coffee and cake at one of the many cafes. Other features of note include the Subiaco Train Station, Station Street Markets and Lords Recreation Centre.
Subiaco quick stats
High end
$2.9m
Median
$2.3m
Low end
$2.0m
17.1 %
Annual growth
$2.3m
Annual median sales price
$1,150pw
Annual median rental price
