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WA › East Perth › Adelaide Tce

U123, 149-151 Adelaide Tce, East Perth WA 6004

For saleApartment

$800,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $800,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $800,000(Listing record · 24 Aug 2026)
  • CalculationAsk is 52% below the East Perth median recorded sale ($1,650,000, n=5, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at East Perth's advertised median rent ($724/wk), implied gross yield would be 4.71% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$800,000

Asking

No recorded sale for this property.

East Perth at a glance

14,359

People

$1,650,000

Median sale

$724/wk

Median rent

2.28%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full East Perth report →

Vs East Perth

-51.5%

Median sale

Suburb $1,650,000

+2.43 pp

Gross yield

Suburb 2.28%

Suburb median $1,650,000 from 5 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$800,000
Stamp Duty (Western Australia)
$32,316
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$836,241

$36,241 on top of the price (4.5% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with East Perth's advertised median rent — not a rent for this listing.

Net yield
3.21%
Annual cashflow (pre-tax)
$-15,952
Interest cover (DSCR)
0.62
Annual rent
$37,648
Operating expenses
$12,000
Loan amount
$640,000
Annual interest
$41,600
Gross yield
4.71%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$800,000available24 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $724/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.7%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

East Perth in one glance

East Perth at a glance

14,359

People

$1,650,000

Median sale

$724/wk

Median rent

2.28%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full East Perth report →

Keep researching

  • Why East Perth? Read the area thesis →
  • What else is on the market in East Perth →
  • Other records on Adelaide Tce →

Listing material

Listed by Realestate 88 East Perth

A Bright Start to Every Day

There's a certain kind of quiet magic that happens on the 16th level of Saffron. Before the city fully stirs, before traffic hums along Adelaide Terrace, this apartment wakes gently — touched first by the north‑east light that rises over the hills. It's a moment that feels almost private, as if the day chooses this home before anywhere else.

As the sun climbs, it spills across the brand‑new floorboards, warming their grain and giving the freshly painted interiors a soft, luminous clarity. The living space brightens in stages, revealing the calm geometry of the rooms, the openness of the layout, and the sense of ease that comes with a home designed for both stillness and movement.

Step closer to the windows and the city unfolds in three directions, where Optus Stadium curves like a sculpture in the distance, the river catches the first morning light and scatters it in silver, and the hills form a gentle horizon that shifts with the seasons — a view that doesn't just frame the day, but quietly sets the tone for it.

Read the full description

With three bedrooms and two bathrooms, the apartment offers space to live with intention. Each room has its own relationship with the light, its own quiet corner of the sky. A secure car bay and private storeroom add practicality to the elegance, making daily life feel effortless and well‑considered.

Everything here has been refreshed for its next chapter — the new flooring, the fresh paint, the renewed sense of clarity. All that's left is for someone to bring their rhythm, their mornings, and their story.

Property At a Glance:

- Level 16, corner position, in "Saffron" complex

- 3 bedrooms, 2 bathrooms, 1 car bay, 1 storeroom

- Large balcony with panoramic views over the city, Optus Stadium, river and hills

- Open-plan kitchen, dining and living

- Full-height stacker doors seamlessly open the living area to the balcony

- Brand new floorboards throughout

- Stainless steel kitchen appliances, stone benchtops and ample storages

- Reverse cycle A/C to living and master bedroom

- Floor to ceiling glass for abundant natural light

- Spacious master suite with ensuite and built-in wardrobes

- Full-height windows throughout, maximising natural light

- Separate laundry with new sliding door

- Resort-style facilities: Gym, sauna, pool, BBQ entertaining area, plus intercom security

- Currently vacant, ready to move straight in or lease out

Strata Areas & Outgoings:

- Internal 97sqm, Balcony 17sqm, Car Bay 13sqm, Storeroom 5sqm; Total: 132sqm

- Council Rates: $2,176 p/a

- Water Rates: $1,408 p/a

- Strata Levies: $1,891 p/q (admin + reserve)

Set along East Perth's coveted riverside stretch, Saffron places you just moments from the Swan River foreshore, its scenic walking and cycling paths, and the gentle rhythm of waterfront living. Cafés, restaurants, Elizabeth Quay and the CBD's shopping and entertainment sit within effortless reach, creating a location that blends calm, riverside serenity with the convenience and connectivity of the inner city.

Contact Terry Lu on 0410 213 027 to arrange your private inspection.

DISCLAIMER:

All distances to amenities are estimations obtained from Google Maps. All sizes of the property are estimated, and buyers should rely on their own measurements when onsite. All rates/outgoings are approximate/estimates.

Listing description written by Terry Lu, Realestate 88 East Perth — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Dishwasher
  • Floorboards
  • Gym
  • Intercom
  • Reverse Cycle Aircon
  • Secure Parking

Also look at

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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