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WA › East Perth › Kensington St

U2, 22 Kensington St, East Perth WA 6004

For saleApartment

$1,500,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

325 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,500,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,500,000(Listing record · 9 Apr 2026)
  • CalculationAsk is 9% 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 2.51% — 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

$1,500,000

Asking · $4,615/m² of land

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

-9.1%

Median sale

Suburb $1,650,000

+0.23 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
$1,500,000
Stamp Duty (Western Australia)
$68,366
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
$1,572,291

$72,291 on top of the price (4.8% 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
1.01%
Annual cashflow (pre-tax)
$-62,852
Interest cover (DSCR)
0.19
Annual rent
$37,648
Operating expenses
$22,500
Loan amount
$1,200,000
Annual interest
$78,000
Gross yield
2.51%

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$1,500,000available9 Apr 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. Listed land size is 325 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.

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 2.5%. 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

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. Listed land size is 325 m² — that is not 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 Kensington St →

Listing material

Listed by Haiven Property Central

Room to Live, Work & Relax - 217 sqm

Forget everything you thought you knew about apartment living — this first floor giant flips the script completely, delivering house like proportions that are so big. Inside, the sheer scale is impossible to ignore, with a massive open plan living area, an enormous second lounge room and two generous balconies that turn entertaining into an event — whether you’re hosting a crowd or just soaking up the space in peace. Secure, stylish and brilliantly low maintenance, it’s the ultimate lock up and leave lifestyle package, complete with secure parking, storage and all the modern comforts you could ask for. And the outlook? Well, it’s pure Perth magic — from city views to the striking Matagarup Bridge, the famous WACA Ground light towers and our world class Optus Stadium and Crown Towers complex at Burswood, all just footsteps from the picturesque Swan River in a surprisingly tranquil pocket of East Perth where super sized comfort, skyline sparkle and zero compromises allow you to live large and never look back!

THE HOME

3 bedroom

Read the full description

2 bathroom

Living / dining / kitchen

Second Lounge

Laundry

3 wc

FEATURES

Boutique group of just three and ideally located with dual street frontage

High ceilings

Extra height doors

Quality finishes throughout

Tiled double door entry foyer with a storage cupboard and a striking recessed ceiling

Carpeted bedrooms, inclusive of a huge main bedroom retreat to the left of the foyer, playing host to a spacious fitted walk in wardrobe, a delightful outlook to the bridge, city skyline and WACA towers and an over size fully tiled ensuite bathroom – comprising of a bubbling spa bath, a separate shower, stylish pendant lighting, twin natural stone vanity basins and a separate wc

An expansive and impeccably tiled open plan living, dining and kitchen area with sleek dark granite bench tops, double sinks, a large fridge recess, a walk in corner pantry, a stainless steel splashback, a stainless steel Blanco dishwasher, a 900mm wide integrated range hood and 900mm wide stainless steel five burner Blanco gas cooktop and under bench oven appliances

Double doors leading into a giant carpeted second lounge room, or home office, that can easily be both

Generous second bedroom with a fitted walk in robe and semi ensuite access into a light, bright and comfortable main bathroom that is made up of a shower, a separate bathtub, a natural stone vanity, under bench storage and a second wc

Large third bedroom with a double door WIR, semi ensuite access into the main bathroom and pleasant tree lined views over the street to wake up to

Separate laundry

Powder room with a third wc and under bench storage

Double door walk in linen press

Ducted and zoned reverse cycle air conditioning

Audio intercom system

Feature ceiling cornices

Feature skirting boards

OUTSIDE FEATURES

A large under cover alfresco style entertaining balcony off the main living zone, boasting combined east, south and west facing aspects, manual café/shade blinds and stunning outlooks towards the stadium, Crown Towers, Matagarup Bridge, the WACA and the city

A second massive north facing alfresco terrace/balcony off both the second lounge and second bedroom, also playing host to an under cover clothesline

PARKING

Private laneway access via Bunbury Crescent at the rear, into a secure 2 car tandem remote controlled double lock up garage downstairs, boasting a handy lock up storeroom and internal shopper’s entry (for protection from the elements) via the lobby

LOCATION

Welcome to an address that truly puts everything at your feet — where lifestyle, convenience and connectivity collide in all the best ways. Just a short 500 metre stroll delivers you to the free CAT bus and the buzzing Claisebrook Cove precinct, where vibrant cafés, restaurants and waterfront dining along Royal Street create a social hub that’s alive all week long. Commuting and exploring couldn’t be easier, with nearby train stations, seamless freeway access and direct links into the Perth CBD all just minutes away, while scenic riverside paths, walkways and cycle trails connect you effortlessly to the Swan River, Burswood peninsula and beyond. From morning coffees to major events, everything is within arm’s reach — stroll to the river, cross the iconic Matagarup Bridge, catch a game or concert at Optus Stadium, experience the Crown entertainment precinct in all of its glory or take in the atmosphere around the WACA — all part of your everyday playground. Add to that the revitalised green spaces of Wellington Square, the emerging cultural energy of the Perth Girls’ School civic precinct, excellent nearby schools, medical facilities and a future East Perth primary school on the horizon and you’ve got a surprisingly serene setting that’s not just central, but seriously exciting. Walk Score 78 – a very walkable location beckons!

TITLE DETAILS

Lot 2 on Strata Plan 43629

Volume 2541 Folio 116

STRATA INFORMATION

217 sq. metres internally

25 sq. metres balcony

38 sq. metres terrace

45 sq. metres car bays

325 sq. metres in total

ESTIMATED RENTAL RETURN

$1,300 to $1,450 per week

OUTGOINGS

City of Perth: $1,554.00 / annum 25/26

Water Corporation: $1,607.14 / annum 25/26

Proposed Strata Levies: $2,975.40 / annum 26/27

Disclaimer: Whilst every care has been taken in the preparation of the marketing for this property, accuracy cannot be guaranteed. Prospective buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Seller or the Seller’s Agent and are expressly excluded from any contract.

Listing description written by Ingrid Bradshaw, Haiven Property Central — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Indoor Spa
  • Intercom
  • Living Areas: 2
  • Remote Garage
  • Secure Parking
  • Shed
  • Toilets: 3

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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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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.