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Sold on 19 Dec 2024 for $475,000

10/2 Wembley Court
Subiaco WA 6008

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 10/2 Wembley Ct, Subiaco

10/2 Wembley Ct, Subiaco is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces and was built in 2016. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 1 bedroom Apartment sold in Subiaco in the last 12 months.

Building Type
Apartment
Year Built
2016

Last Listing description (December 2024)

Positioned within the highly sought-after Subiaco Common and the historic Australian Fine China precinct, "Viridian China Green" represents an exceptional investment opportunity. Developed by the renowned Pindan and designed by the esteemed architects at Hames Sharley, this project seamlessly blends the rich artistic heritage of the area with contemporary urban living.

This ground-floor, 1-bedroom, 1-bathroom apartment, hitting the market for the first time, is a prime asset in a complex that stands out for its modern design and lush, serene surroundings. The building, part of two boutique structures, rises five storeys and offers residents a tranquil, garden-enveloped retreat.


The apartment itself features a functional, open-plan layout with a tiled kitchen that flows into a carpeted living space. A private alfresco courtyard provides an outdoor retreat, framed by low-maintenance gardens. The master suite is spacious, with double sliding mirrored robes and a built-in desk, while the cleverly-concealed European-style laundry maximises space efficiency.

Investors will appreciate the array of amenities that elevate this property. The Level Five rooftop terrace offers a vibrant community space with 360-degree views, perfect for entertaining with barbecues, a Teppanyaki plate, and more. The basement houses an air-conditioned gym, a steam room, and additional toilet facilities. A secure car bay with direct lift access is included, ensuring convenience for tenants.

Location is key, and this apartment delivers. It is a stone's throw from the picturesque Subiaco Common parklands, the Lords Recreation Centre, and the bustling heart of Subiaco, with its array of shops, cafes, restaurants, and bars. Excellent transport links via Hay Street make it easy to access the Perth CBD, Kings Park, Elizabeth Quay, and the coast.

**Features**:

- Secure, gated complex with dual entry points and swipe/fob access
- Open-plan kitchen/living area with access to a private courtyard
- Well-equipped kitchen with quality integrated appliances
- Spacious master suite with built-in robes
- Stylish bathroom with modern fittings
- European-style laundry with included appliances
- Walk-in storeroom and A/V intercom system
- Split-system air conditioning
- Rooftop terrace with panoramic views and BBQ/Teppanyaki area
- Basement gym, steam room, and secure car bay
- Ample guest parking on surrounding streets
- Prime school catchment zones for Subiaco Primary, Jolimont Primary, Shenton College, and Bob Hawke College

**Financials**:

- City of Subiaco Council Rates: $2,000 approx. p/a
- Strata Fees: $882.39 approx. p/qtr
- Approximate ROI: 5.35% based on a purchase price of $485,000 and rental income of $600 per week *
- Leased until 27/3/25

This property offers a compelling blend of location, amenities, and potential return, making it an attractive addition to any investment portfolio. Don't miss this opportunity to secure a foothold in one of Subiaco's most prestigious developments.

* Note - the buyer/s shouldn't rely solely on the potential returns advised by the selling agents and should conduct their own due diligence to make an informed decision.

Property History for 10/2 Wembley Ct, Subiaco, WA 6008

A timeline of how this property has performed in the market
Last Sold
$475,000
19 Dec 2024
Listed for Rent
$395/w
23 Mar 2021
  • 28 Nov 2024
    Sold for $475,000
  • 13 Sep 2024
    Listed for Sale UNDER OFFER
  • 03 Mar 2021
    Listed for Rent $395 / week
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About Subiaco 6008

The size of Subiaco is approximately 3.1 square kilometres. It has 12 parks covering nearly 5% of total area. The population of Subiaco in 2011 was 8,015 people. By 2016 the population was 9,188 showing a population growth of 14.6% in the area during that time. The predominant age group in Subiaco is 30-39 years. Households in Subiaco are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Subiaco work in a professional occupation. In 2011, 50.9% of the homes in Subiaco were owner-occupied compared with 52.4% in 2016.

Subiaco has 7,119 properties. Over the last 5 years, Houses in Subiaco have seen a 64.24% increase in median value, while Units have seen a 57.59% increase. As at 30 November 2024:

  • The median value for Houses in Subiaco is $1,889,430 while the median value for Units is $684,255.
  • Houses have a median rent of $1,000 while Units have a median rent of $690.
There are currently 40 properties listed for sale, and 26 properties listed for rent in Subiaco on OnTheHouse. According to CoreLogic's data, 433 properties were sold in the past 12 months in Subiaco.

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Brett White
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Cristina Botha
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.