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.
WA › East Perth › Hay St
$410,000
For sale
Asking
2
Bedrooms
2
Bathrooms
0
Car spaces
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
$410,000
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.
Vs East Perth
-75.2%
Median sale
Suburb $1,650,000
+6.90 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.
$17,415 on top of the price (4.2% 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 East Perth'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. 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 $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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 9.2%. 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.
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
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.
Listing material
Listed by The Agency PerthThis listing is for a leased hotel apartment investment, not a property you can live in yourself.
THIS PROPERTY IS FOR INVESTORS ONLY. INSPECTION BY APPOINTMENT
This is a fabulous investment only opportunity ideal for a Personal Super Fund or CASH buyer, you can simply set and forget it. Securely leased to Panache Hotel Group The original lease for 3 years commenced 1/7/23 The rent is payable monthly in advance and a 3% increase applied each year. There are four lease option periods of three years each. Located within Mantra on Hay a premium short stay apartment development with exclusive onsite facilities. There is a Furniture, Fittings, and Equipment Reserve levy equivalent to 5% of lease payments for the upkeep of the lessors' furniture and chattels that is deducted from the monthly rent income to maintain the interior of the premises. Mantra on Hay is conveniently located in Hay St, East Perth close to Perth CBD, it's a perfect location and close to an easy walk to Langley Park and the Swan River with the lovely Queens Gardens a short 300 metres stroll away.
A free CAT bus service stops nearby for easy access into the Perth CBD shopping precinct. The Hotel is a perfect residence for a short stay for holiday makers, travellers and business people. Well located in a key destination of East Perth with such easy access to the CBD this 2 bedroom 2 bathroom apartment in The Mantra Hotel in East Perth. You have nothing to do but simply collect the rent every month. The Panache Hotel Group does every thing here to look after your investment. Provides Great living space for guests to enjoy Internal living area 78sqm + balcony 7sqm
Key points
• Investor only: You are buying the apartment as an investment. You cannot occupy it yourself while the lease is in place.
• Current lease: The apartment is leased to Panache Hotel Group, which operates it as part of the Mantra on Hay hotel.
• Lease income:
o Starting rent (from 1 July 2026): $31,667.28 per year
o Rent is paid monthly in advance.
o Rent increases by 3% annually.
o There are 2 more options to extend the lease, each for 3 years (potentially up to a further 6 years total if all options are exercised).
Income
• Gross rent: $31,667.28 per year.
• Expenses: $11,018.65
• Net rent: $20,648.63 per year.
• The difference is due to deductions, including:
• A 5% Furniture, Fittings & Equipment (FF&E) Reserve Levy, which funds replacement and maintenance of furniture and furnishings.
•
• Property Features
• 2 bedrooms, 2 bathrooms
• No car bay
• Fully furnished & Equipped
• 76 m² internal living area
• 7 m² balcony
• Split-system air conditioning
• Laundry room
• Hotel facilities
• Guests have access to:
• Heated indoor covered pool
• Gym
• Housekeeping
• Conference facilities
• Wi-Fi
• Multilingual staff
• Laundry service
Lease Term 3 years + a further 2 X 3 year options with Annual Rent Reviews
• High Occupancy level
• Well maintained property
Guest Services Include
• Complimentary WIFI
• Safety deposit boxes
• Multilingual staff
• Disabled facilities
• Same day laundry service (Monday to Saturday)
• Wedding facilities
• Housekeeping
• Indoor under cover heated pool
• A range of Fitness Equipment
• Undercover car parking availability – fee payable
• Business facilities
• Conference Room & facilities
Well located in a key destination of East Perth with such easy access to the CBD this 2 bedroom 2 bathroom apartment is in The Mantra Hotel East Perth. You have nothing to do but simply collect the rent every month. The Panache Hotel Group does every thing here to look after your investment and manages day-to-day operations.
Potentially attractive for an SMSF if it fits the fund's investment strategy and borrowing rules.
The Net yield is 5.03%
If you're considering buying this property, I can also help assess whether the asking price represents good value based on recent sales of similar Mantra on Hay apartments.
Council Rates: $1598.45 pa
Water Rates: $2205.76 pa
Strata Fees: $1407.76 per quarter
FF & E fund 5%: $1583.40 pa
Contact Brent Morfesse the apartment sales specialist 0419 900 747
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Listing description written by Brent Morfesse, The Agency Perth — reproduced as published, not verified by Districts.