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Offers from $450,000

302/112 Mounts Bay Road
Perth WA 6000

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 75m2
Land area: 104m2
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Rare Investment Opportunity: 2-Bedroom Short-Stay Apartment in Perth CBD

This well-maintained 2-bedroom, 1-bathroom apartment is a perfect investment opportunity, ideally zoned for ‘Short Term Residential (Serviced Apartments)’. Whether you're looking to enter the lucrative short-stay market through platforms like AirBnB or take advantage of its current management by Nesuto Hotel, this property offers flexibility without the need for council or strata approval for short-term stays, ensuring a hands-off experience for owners.
The apartment features spacious bedrooms, a modern bathroom, an internal laundry with a washer and dryer, and the added bonus of two car bays—offering maximum convenience for guests. Located near Perth CBD, it provides easy access to shopping, dining, and entertainment options, making it highly attractive to short-stay visitors.
Additionally, it can be converted for long-term residential use by the owner, pending a change of usage approval through the City of Perth (*subject to approval). The high demand for short stay apartments in this area ensures steady rental returns and potential capital growth, an opportunity not to be missed if you're a savvy investor!
Features and Rates (Estimated):
- Internal: 69sqm | Balcony: 6sqm | Cars: 29sqm | Total: 104sqm
- Strata: $1,628pq (Admin) + $209pq (Reserve) | Council: $1,795pa | Water: $1,561pa
- Level 3
- Orientation: North West
- Built: 1998
- Zoning: Short Term Residential (Strata)
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Property Details for 302/112 Mounts Bay Rd, Perth

302/112 Mounts Bay Rd, Perth is a 2 bedroom, 1 bathroom Apartment with 2 parking spaces. The property has a land size of 104m2 and floor size of 75m2. The place is currently for sale with INHABIT PROPERTY.

Building Type
Apartment
Floor Size
75m2
Land Size
104m2

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About Perth 6000

The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2011 was 9,236 people. By 2016 the population was 11,424 showing a population growth of 23.7% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation. In 2011, 37.1% of the homes in Perth were owner-occupied compared with 35.1% in 2016.

Perth has 11,658 properties. Over the last 5 years, Houses in Perth have seen a 31.76% increase in median value, while Units have seen a 44.24% increase. As at 30 September 2024:

  • The median value for Houses in Perth is $1,018,196 while the median value for Units is $548,283.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 165 properties listed for sale, and 72 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 802 properties were sold in the past 12 months in Perth.

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