Welcome home to this stylish one-bedroom, one-bathroom semi-studio style apartment, originally built in 2014 and set in the vibrant heart of Subiaco. Offering 51 square metres of internal living space including a generous balcony, this property combines smart design with modern convenience and a highly desirable location. Inside, the apartment features carpet flooring, split-cycle air conditioning, and a semi-separated bedroom area with built-in robes. The kitchen comes fully equipped with integrated appliances including oven, dishwasher, and rangehood—perfect for easy living. A functional bathroom and internal laundry (with washing machine & dryer) complete the package, while the bright open-plan living space flows seamlessly to the spacious balcony, ideal for entertaining or simply enjoying the elevated outlook. Whether you’re a first-home buyer, downsizer, or investor, this apartment offers a low-maintenance lifestyle in one of Perth’s most walkable and amenity-rich suburbs. With strong rental demand, the property also presents an appealing investment option, achieving market rent of $630 per week.
Contact Thomas Bettison on 0401 378 355 today for more information.
Property Highlights:
• One-bedroom, one-bathroom semi-studio apartment built in 2014
• 40 sqm of internal living plus 11 sqm balcony
• Total lot area of 70 square metres including car bay and balcony
• Semi-separated bedroom with built-in robes
• Bright open-plan living area with carpet flooring
• Split-cycle air conditioning
• Modern kitchen with integrated appliances (oven, dishwasher, rangehood)
• Internal laundry within bathroom with washing machine & dryer
• Oversized balcony with elevated outlook
• Excellent strata complex features including secure lobby area with intercom, top storey entertainment including steam room, gym, common relaxing and entertainment spaces.
• Secure parking included
Investor Summary:
• Market rent estimated at $630 per week
• At a purchase price of $525,000, gross annual rental yield is approx. 6.3%
• High-demand location with strong rental appeal to professionals and downsizers
• Council Rates: Approx. $2,000 p.a.
• Water Rates: Approx. $1,100 p.a.
• Strata Fees: Approx. $TBA
Location Summary:
• Situated in the heart of Subiaco with cafés, restaurants, and shops at your doorstep
• 350 m to Subiaco Train Station for quick CBD access
• Walking distance to Subiaco Square, Coles, and Target
• Close to Kings Park and green spaces for outdoor leisure
• Easy access to hospitals (both King Edward Memorial & St John of God), schools, and the University of Western Australia
Why you will love it!
With its oversized balcony, integrated appliances, and unbeatable Subiaco location, 45/1 Sheen Street represents modern apartment living at its best. Whether you’re investing or moving in, this property offers a vibrant lifestyle opportunity not to be missed.
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