Subiaco at a glance
11,701
People
$2,070,000
Median sale
$673/wk
Median rent
1.69%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
$999,000
For sale
Asking
2
Bedrooms
2
Bathrooms
2
Car spaces
132 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$999,000
Asking · $7,568/m² of land
No recorded sale for this property.
Subiaco at a glance
11,701
People
$2,070,000
Median sale
$673/wk
Median rent
1.69%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Vs Subiaco
-51.7%
Median sale
Suburb $2,070,000
+1.81 pp
Gross yield
Suburb 1.69%
Suburb median $2,070,000 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$46,489 on top of the price (4.7% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Subiaco's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 132 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $673/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 3.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 132 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Subiaco at a glance
11,701
People
$2,070,000
Median sale
$673/wk
Median rent
1.69%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Blackburne Property Group SubiacoPositioned within the prestigious Princeton Residences, one of the signature buildings of the award-winning Subi Centro Redevelopment, Apartment 24 presents a rare opportunity to secure a spacious ground-level two-bedroom residence with its own private street access, right in the heart of one of Perth's most tightly held lifestyle precincts.
Completed in 2001, Princeton has long been admired for its timeless European-inspired architecture, beautifully manicured gardens and peaceful central courtyard, creating a leafy sanctuary that feels wonderfully removed from the bustle of everyday life. The development has also cultivated an exceptionally stable community, with more than half of its residents choosing to call Princeton home for over a decade — a strong reflection of the building's enduring appeal and long-term liveability.
Apartment 24 offers an impressive 85sqm of internal living space, soaring ceilings and an abundance of natural light throughout. Its ground-floor position, combined with private street access directly from Brigid Road, gives the residence a wonderful sense of independence and a more traditional home-like feel than you would typically expect from apartment living. Add the generous 14sqm private terrace, and you have a residence that delivers genuine space, privacy and convenience — qualities becoming increasingly difficult to find in modern apartment developments.
Stepping inside the main entrance, you're welcomed by a spacious tiled entry foyer that creates a natural transition into the home before opening into the expansive open-plan living and dining area. Plush carpet underfoot, high ceilings and ducted reverse-cycle air conditioning create a comfortable living environment, while the generous proportions provide plenty of room to create distinct lounge and dining zones.
From here, the living area extends naturally outdoors onto your private 14sqm terrace. With direct access to Brigid Road, this is more than just an outdoor area — it provides a genuine extension of the home and an incredibly convenient secondary entrance. Whether you're enjoying your morning coffee, entertaining friends or simply wanting to step outside and enjoy some fresh air, this space is designed to be used.
The kitchen has been thoughtfully designed with a timeless aesthetic and plenty of functionality. Rich timber cabinetry is paired with quality stone benchtops, under-cabinet lighting and excellent storage throughout. A gas cooktop, electric oven and dishwasher provide everything required for everyday cooking, while the generous wraparound benchtops offer plenty of preparation space.
Cleverly integrated into the kitchen is a European-style built-in laundry, complete with a wall-mounted dryer, laundry trough and additional storage cabinetry. It's a smart use of space that keeps everyday functionality neatly incorporated into the home's overall design.
The oversized master bedroom continues the home's generous proportions, featuring plush carpet, large windows allowing plenty of natural light to filter through, block-out curtains, ducted air conditioning and expansive mirrored built-in robes. The private master ensuite is particularly spacious and features timeless European-inspired finishes, generous vanity storage, a separate shower and the increasingly rare luxury of a dedicated bathtub — perfect for those moments when you want to properly unwind.
The second bedroom is equally generous and offers plenty of flexibility for guests, family members or a home office. Large windows, mirrored built-in robes, carpet flooring and ducted air conditioning ensure it remains a comfortable and versatile space.
The main bathroom continues the home's classic design language, with generous vanity storage and quality finishes, while a separate linen cupboard positioned within the hallway provides additional practical storage.
Additional features include secure video intercom entry, two secure & undercover parking bays in tandem format, a secure 4sqm storeroom, and exclusive resident access to Princeton's indoor heated swimming pool and fully equipped gymnasium.
Location is where this residence truly excels. Situated in the heart of Subiaco, everything you need is only moments away. Subiaco Square Shopping Centre, Woolworths, Coles, Target, cafés, restaurants, everyday conveniences and the ever-popular Layers Bakery are all within easy walking distance. Rokeby Road's vibrant café, dining and boutique shopping precinct is only a short three-minute stroll away, while Market Square Gardens provides a beautiful pocket of greenery nearby — ideal for morning walks, weekend picnics, walking the dog or simply enjoying some open space.
Families will appreciate being within the catchment areas for Subiaco Primary School and Bob Hawke College, with Perth Modern School and The University of Western Australia also conveniently close by. For commuters, Subiaco Train Station is virtually at your doorstep, providing effortless access to the Perth CBD and beyond and making a car-free commute an easy reality.
This property is currently leased to long-term tenants at $750 per week until 3 December 2026, with recent rental assessments indicating a potential rental return of approximately $850–$900 per week. For investors, this presents an opportunity to secure a quality Subiaco asset with an existing income stream and strong rental upside, while future owner-occupiers can secure the property now and plan ahead for their eventual move once the current tenancy concludes.
Property Features :
• Ground-level 2 bedroom | 2 bathroom residence
• Generous 85sqm of internal living space
• Spacious 14sqm private terrace with direct street access to Brigid Road
• Soaring ceilings and abundant natural light throughout
• Expansive open-plan living and dining areas with ducted reverse-cycle air conditioning
• Timeless kitchen with stone benchtops, timber cabinetry, gas cooktop, electric oven and dishwasher
• European-style integrated laundry with wall-mounted dryer and laundry trough
• Oversized master bedroom with mirrored built-in robes and ducted air conditioning
• Spacious master ensuite with separate bathtub, shower and generous vanity storage
• Generously sized secondary bedroom with mirrored built-in robes and ducted reverse-cycle air conditioning.
• Well-appointed main bathroom with generous vanity storage
• Two secure & undercover parking bays in tandem format, private 4sqm storeroom and video intercom access
• Indoor heated swimming pool and fully equipped residents' gymnasium
• Currently leased to lovely long term tenants at $750 per week until 3rd December 2026
• Walk to Layers Bakery, Rokeby Road, Subiaco Square, train station, cafés, restaurants and everyday conveniences.
Outgoings:
Strata Rates: $1,382.85 Per Quarter
Water Rates: $1,408.52 Per Annum ( 25/26 Financial Year )
Council Rates: $2,440.31 Per Annum
Apartment 24 is a rare offering within the tightly held Princeton Residences, combining ground-level living, private Brigid Road access, generous proportions and the convenience of resort-style facilities in the heart of Subiaco. Whether you're looking to make the move into a premium lifestyle location or secure an investment with strong rental and capital upside, this is an opportunity not to be overlooked.
Contact Yen Wong today to arrange your inspection and experience Apartment 24 for yourself.
Disclaimer:
Please note that images are for illustrative purposes only and may not reflect the current furnishings or fixtures included in the property sale.
This property description is provided for general information purposes only. While the Blackburne team has taken reasonable care to ensure the accuracy of the information, we make no guarantees or warranties, express or implied, as to its correctness. Prospective buyers are strongly advised to conduct their own independent due diligence and seek professional advice where necessary. The Blackburne team accepts no liability for any errors, omissions, or discrepancies contained herein.
Listing description written by Yen Wong, Blackburne Property Group Subiaco — reproduced as published, not verified by Districts.