Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

WA › East Perth › Adelaide Tce

U20, 128 Adelaide Tce, East Perth WA 6004

For saleApartment

$759,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $759,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $759,000(Listing record · 17 June 2026)
  • CalculationAsk is 54% 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 4.96% — 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

$759,000

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

-54.0%

Median sale

Suburb $1,650,000

+2.68 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
$759,000
Stamp Duty (Western Australia)
$30,204
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
$793,129

$34,129 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
3.46%
Annual cashflow (pre-tax)
$-13,205
Interest cover (DSCR)
0.67
Annual rent
$37,648
Operating expenses
$11,385
Loan amount
$607,200
Annual interest
$39,468
Gross yield
4.96%

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$759,000available17 June 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 5.0%. 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 Ray White ELG

HOME SHOULD FEEL THIS GOOD...

Proudly presented by Edward Lim | Ray White ELG

Imagine finishing work on a Friday afternoon, leaving the car parked securely downstairs and having everything Perth has to offer right at your fingertips. A short stroll for dinner, drinks with friends, a riverside walk, or perhaps simply heading downstairs for a swim before unwinding in the spa. This is the kind of lifestyle that makes living at Adelaide Terrace so appealing.

Positioned on the fifth floor of a secure and exceptionally well-maintained complex, this spacious three-bedroom, two-bathroom apartment offers the perfect blend of city convenience and resort-style comfort. Built in 2006, it delivers generous proportions, practical living spaces and views overlooking the sparkling pool and recreational facilities below, creating a sense of relaxation that's surprisingly rare in the heart of the city.

Read the full description

Inside, all three bedrooms are generously sized, carpeted for comfort and enjoy direct access to a balcony. The master suite is privately positioned with its own ensuite and pleasant outlook towards the pool area. At the heart of the home, the open-plan kitchen, dining and living area brings everyone together before flowing effortlessly onto a spacious balcony that's made for long dinners, entertaining friends or simply enjoying Perth's warm evenings.

What truly sets this residence apart is the lifestyle on offer. Residents enjoy access to an impressive collection of facilities including a resort-style swimming pool and spa, fully equipped gymnasium, sauna, games room, communal entertaining spaces and even a boardroom for business meetings. It's the sort of amenity package typically reserved for luxury resorts, yet it's available every day right at home.

Step outside and you're immediately connected to the very best of Perth. Wander to your favourite cafe for a morning coffee, enjoy dinner at one of the city's renowned restaurants, catch a show, concert or sporting event, or take a sunset walk along the Swan River foreshore. Elizabeth Quay, Optus Stadium, Crown Entertainment Complex and Perth's thriving business district are all within easy reach.

Whether you're a professional seeking a vibrant inner-city lifestyle, a downsizer wanting convenience without sacrificing space, or an investor looking for a blue-chip addition to your portfolio, this is a property that simply makes sense.

The Property & What We Love?!

• Year Built: 2006 | Built Up Area: 134m2 (Living: 97m2, Balcony: 20m2, Carpark: 13m2 & Storeroom 4m2)

• Sparkling swimming pool, spa, fully equipped gymnasium & sauna

• Games room with pool table

• Communal kitchen, dining and lounge area for entertaining larger groups

• Boardroom facilities available for meetings and business use

• Secure underground parking

• Secure, well-maintained complex with controlled access

• Estimated Rental: $950 - $1,050/week. How good is that?!

Outgoings:

• Council Rates: app. $2,314.60 (FY 25-26)

• Water Rates: app. $1,516.83 (FY 24-25)

• Strata Levies: $2,029.65/qtr (includes Admin: $1,461.48/qtr & Reserve: $568.17/qtr)

Opportunities to secure a spacious three-bedroom apartment with resort-style facilities in such a tightly held location are becoming increasingly rare.

Welcome to the lifestyle you've been waiting for…

** We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.**

Listing description written by Edward Lim, Ray White ELG — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Ensuites: 1
  • Gym
  • Intercom
  • Outside Spa
  • In-Ground Pool
  • Secure Parking
  • Toilets: 2
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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