Reiwa Reiwa
63/138 Adelaide Terrace, East Perth WA 6004

63/138 Adelaide Terrace, East Perth WA 6004

Listed price: Under Offer
Sold
Sold: 07 Apr 2026

1 Bedroom

1 Bathroom

Landsize 29m2

House

Contact the agent

James Yeoman

0400900622

Tracey Mainstone

0414766804

Key Performance Real Estate


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

Click "Enquire", "Get in touch" or "Email Agent' for floor plan and strata information sent directly to your email.

Make an Offer or become an Observer on Openn.com: https://anz.openn.com/app/l/r9Ko

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

Cost breakdown

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

Nearby schools

Mercedes College Secondary Non-government 0.7km
Trinity College Combined Non-government 0.9km
St George's Anglican Grammar School Secondary Non-government 1.6km
Victoria Park Christian School Primary Non-government 2.0km
Regent College Primary Non-government 2.1km
Highgate Primary School Primary Government 2.2km
Victoria Park Primary School Primary Government 2.2km
Wesley College Combined Non-government 2.3km
St Columba's Catholic Primary School Primary Non-government 2.4km
Perth Individual Combined Non-government 2.4km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:5000627