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63/138 Adelaide Terrace, East Perth WA 6004

Listed price: Under Offer Sold: 07 Apr 2026
Sold
  • 1 Bedroom
  • 1 Bathroom
  • Landsize 29m2
House
63/138 Adelaide Terrace, East Perth WA 6004

Affordable City Studio with Secure Parking and Poolside Living in Perth’s Free Transit Zone

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Positioned within the heart of Perth’s vibrant city precinct, this affordable studio apartment offers an exceptional opportunity for both investors and city dwellers seeking convenience without compromise. Set within a secure building with secure parking, the property delivers peace of mind alongside an enviable inner-city lifestyle.

Inside, the modern kitchen is thoughtfully designed to maximise space and functionality, creating a comfortable and practical living environment. The open-plan studio layout allows for effortless living, whether you’re relaxing at home or preparing to step out and enjoy everything the city has to offer.

Residents can escape the bustle and unwind in the sparkling swimming pool during the warmer months, creating your own private oasis while remaining within the city limits. From your doorstep, enjoy Perth’s Free Transit Zone for seamless travel, or take a leisurely stroll along the terrace straight into the CBD. The Swan River and Elizabeth Quay are also just an easy walk away, offering some of Perth’s best dining, entertainment, and waterfront experiences.

Currently leased at $350 per week until 30 December 2026, this property presents immediate rental income with significant upside potential, with an estimated rental return of up to $500 per week in the current market.

An outstanding opportunity to secure an affordable entry into Perth’s CBD with strong investment fundamentals and lifestyle appeal.

Property features

  • Floor area 29m2

Property snapshot by reiwa.com

This property at 63/138 Adelaide Terrace, East Perth is a one bedroom, one bathroom house sold by James Yeoman and Tracey Mainstone at Key Performance Real Estate on 07 Apr 2026.

Looking to buy a similar property in the area? View other one bedroom properties for sale in East Perth or see other recently sold properties in East Perth.

Cost breakdown

  • Council rates: $1,358 / year
  • Water rates: $957 / year
  • Strata fees: $957 / quarter

Nearby schools

0.7km
Mercedes College
  • Secondary
  • Non-government
0.9km
Trinity College
  • Combined
  • Non-government
1.6km
St George's Anglican Grammar School
  • Secondary
  • Non-government
Disclaimer

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

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FAQ's

63/138 Adelaide Terrace, East Perth was sold by James Yeoman and Tracey Mainstone at Key Performance Real Estate.

You can contact the agent here.

63/138 Adelaide Terrace, East Perth sold on 7/4/2026, however the final sale price was not disclosed.
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