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Sold on 06 Dec 2023 for $255,000

28/122 Terrace Road
Perth WA 6000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 28/122 Terrace Rd, Perth

28/122 Terrace Rd, Perth is a 1 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 1 bedroom Unit sold in Perth in the last 12 months.

Building Type
Unit
Local Government
Perth
Lot/Plan
28/S007318

Last Listing description (December 2023)

Discover the epitome of urban living with this secure studio apartment nestled in the highly coveted Terrace Road location at the heart of Perth City's CBD. Positioned just a stone's throw away from the picturesque Swan River, this residence combines convenience with tranquility.

Step into a well-maintained studio boasting a clever layout that maximises space and functionality. The apartment features a separate bathroom and kitchen, providing a sense of privacy and organisation. The spacious living/bedroom area adds to the appeal, offering a versatile space that tenants love and can be customised to suit an individual's lifestyle.

Currently occupied by a reliable long-term tenant who appreciates the prime location, the property is yielding $275 per week until August 18, 2024. However, the potential for increased returns is evident, with today's market supporting a rental value of $375 per week.

Seize the opportunity to own a piece of city living in one of Perth's most sought-after addresses. Whether you're an astute investor or a future resident seeking the perfect urban retreat, this studio apartment on Terrace Road promises a lifestyle that seamlessly blends convenience, comfort, and style. Act now to secure your place in this thriving urban oasis.

Email agent for floor plan and strata information.

This property is sold unfurnished. Virtual furniture and fittings for illustration purposes only.

Property Code: 1452

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Property History for 28/122 Terrace Rd, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$255,000
06 Dec 2023
Listed for Rent
$250/w
23 Aug 2022
  • 03 Dec 2023
    Sold for $225,000
  • 28 Nov 2023
    Listed for Sale Under Offer by KPR PERTH
  • 14 Jul 2022
    Listed for Rent $250 / week
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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 11,664 properties. Over the last 5 years, Houses in Perth have seen a 33.11% increase in median value, while Units have seen a 45.23% increase. As at 31 October 2024:

  • The median value for Houses in Perth is $1,023,675 while the median value for Units is $548,965.
  • Houses have a median rent of $700 while Units have a median rent of $655.
There are currently 164 properties listed for sale, and 80 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 822 properties were sold in the past 12 months in Perth.

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