63/138 Adelaide Terrace
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About this property
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 Details
- Property Type
- studio
- Listing Type
- Sold
- Bathrooms
- 1
- Parking
- 1
- Land Area
- 29 m²
- Listed
- 3 months ago
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Neighbourhood
Living in East Perth
This studio in East Perth, WA 6004 sits within reach of public transport, local shops and nearby schools. It is listed 52% below the $799,000 median of 66 comparable studioswithin 5 km.
Schools near East Perth
- Trinity Collegecombined · 4-12 · Boys
- SEDA College WA (East Perth)secondary
What's nearby
- Hay St Before Bennett St (bus) — 97 m away
- Rise — 135 m away
- Unnamed — 220 m away
- Queens Gardens — 379 m away
- Langley Park — 411 m away
East Perth at a glance
Full suburb profile- Population
- 11,681
- Median age
- 35
- Household income
- $2,005/wk
- Median rent
- $410/wk
- Median mortgage
- $1,950/mo
Source: ABS Census.
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Suburb market
Suburb price trend
East Perth price trend
Median sold · House 3 bed
Compound growth +11.7% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full East Perth marketThis listing
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