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21/120-122 Lake Street, Perth WA 6000

Offers Over $619,000

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$619k - $650k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 2 Beds 1 Bath 1 Car 101 m²

Listed: yesterday

Overview

This spacious two-bedroom apartment, located on the first floor of a secure complex set back from Lake Street, offers a well-balanced urban lifestyle within close proximity to the bustling Perth CBD and Northbridge precinct. Its open-plan living and dining area, complete with air conditioning, seamlessly extends onto one of two balconies, creating an inviting environment ideal for relaxation or entertaining guests in the heart of the city.

Both bedrooms provide built-in robes for efficient storage and feature direct access to a second, shared balcony, enhancing the living space with additional outdoor amenities and natural light. The secure car bay offers convenient parking, further elevating the appeal for those who prioritize both security and practicality.

With reasonable strata levies and a secure complex, upkeep and access are well managed, catering to residents seeking a low-maintenance yet comfortable urban dwelling. Investors may find the property attractive due to its established rental income, currently leased at $700 weekly until August 2027, while owner-occupiers can appreciate its strategic location near cafes, restaurants, shops, and public transport links.

Overall, this apartment represents a smart choice for professionals and savvy investors alike who desire a manageable, well-appointed home or asset in an active inner-city setting.

Set back from the street in a secure complex
Generous open-plan living with air conditioning
Two balconies enhancing indoor-outdoor flow
Built-in wardrobes in bedrooms for storage
Secure parking bay included
Convenient access to city amenities and transport
Attractive for both investors and future urban residents

Local Market Insights

In Perth, Quiet Listings observed 22 new apartments entering the market over the last 30 days, down from 27 during the previous 30-day period, with an average advertised asking price of $613,091. The property type mix of listed properties is predominantly Apartments at 71%, followed by commercial properties (18%), and units (8%). The most active agency for apartments in the Perth area is currently Inhabit Property, representing 18% of new listings, followed by Ray White with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.