Sold
55 Stirling Highway, Nedlands WA 6009
Sold price: $3,200,000
Sold: 15 Oct 2025
Sold
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10 Bedrooms
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5 Bathrooms
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5 Cars
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Landsize 1,024m2
House
View
Outstanding Investment & Development Opportunity priced from $3 million
Set on a commanding 1,024 sqm corner site, Portland Apartments is a rare chance to secure one of Nedlands' most distinctive properties - a landmark 1940s building by renowned architect Harold Krantz, blending mid-century modernist style with art deco influences.
Freshly repainted, some recarpeting and with recent repairs, the property now offers five spacious apartments plus a remarkable 270 sqm concrete-floored attic, providing exceptional scope for redevelopment, renovation, or the creation of a showpiece penthouse (STCA).
Key Features
• Landholding: 1,024 sqm corner site, R-AC1 zoning
• Potential large Owners Apartment: to live in your investment
• Architecture: Character mid-century design with curved corner windows and vertical tower
• Configuration: 5 apartments ranging from 73 sqm to 186 sqm, all on one title
• Attic: 270 sqm of concrete-floored open-plan space with future development potential
• Income & Growth: Immediate rental income with long-term redevelopment upside
• $190,000 Gross income (subject to final leasing)
Apartment Breakdown
Apartment 1 - 73 sqm: 2 bed + study, sunroom/optional 2nd bedroom, fireplace, kitchen/dining
Apartment 2 - 90 sqm: 2 bed, large living, sitting/sunroom, original timber finishes / stunning
Apartment 3 - 76 sqm: 2 bed + study, living with fireplace, kitchen/dining
Apartment 4 - 186 sqm: 3 bed + study, multiple living areas, separate dining/activity, 2 toilets, laundry, full of character - a touch of "Hollywood"
Apartment 5 - 76 sqm: 2 bed + study, living with fireplace, large kitchen, Portland Street outlook. Upstairs separate entrance
Attic (Second Floor, 270 sqm): Expansive open-plan level, perfect for conversion into additional apartments or a grand penthouse (STCA).
Location Benefits
• Moments to UWA, Kings Park, QEII Medical Centre & Perth Children's Hospital
• Easy access to shops, cafes, and public transport
• 10 minutes to Perth CBD
Council Rates: $12,792.95 pa* Council rate relates to FY 2024/25
Water Rates: $5,375.42 pa
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Portland Apartments is a rare combination of scale, character, and potential - a true Nedlands icon ready for its next chapter. To secure an INSPECTION and updated IM please contact
Chris Shellabear 0418 910 065 and Tracy Lee 0411 166 001.
Property features
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Garages
4
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Carports
1
Property snapshot by reiwa.com
This property at 55 Stirling Highway, Nedlands is a ten bedroom, five bathroom house sold by Chris Shellabear and Tracy Lee at Shellabears on 15 Oct 2025.
Looking to buy a similar property in the area? View other ten bedroom properties for sale in Nedlands or see other recently sold properties in Nedlands.
Cost breakdown
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Water rates: $5,375 / year
Nearby schools
Nedlands overview
Nedlands is an inner-western suburb of Perth. It has a diverse mixture of housing with low-cost dwellings provided for students of the neighbouring University of Western Australia and wealthy homes in the southern sector of the suburb. There is also a significant commercial sector along both sides of Stirling Highway.
Life in Nedlands
Home to some of the finest medical facilities in the state, such as one of Perth's major public hospitals Sir Charles Gairdner Hospital, Nedlands has plenty to offer its residents. Recreation facilities are in abundance with tennis courts, sports clubs, parks, ovals, a yacht club and a golf club all available. Other major features of the suburb include the Lions Eye Institute and Hollywood Private Hospital.
Nedlands quick stats
High end
$3.3m
Median
$2.8m
Low end
$2.0m
17.3 %
Annual growth
$2.8m
Annual median sales price
$1,050pw
Annual median rental price
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