Back 102/238 Adelaide Terrace
Off Market

102/238 Adelaide Terrace

Perth WA 6000

1
1
47 m²
House
Terry LuTerry Lu, last sold this property on 16 March 2026 after 53 days on market.

Overview

Design-Led Studio in AT238 - Leased, Furnished, and Effortlessly Urban

Top Reasons For This Great Deal! 1. 6.7% Gross ROI - Currently leased at $625/week until July 2026. 2. Complete Turn-Key Package - Fully furnished and fully equipped. 3. No Car Bay? No Problem - Walk everywhere with ease; free CAT bus stop right at your doorstep. Or, option to rent a car bay within the building from other residents. 4. Resort-Style Living at Its Best - Enjoy a full suite of facilities including a theatre, rooftop cinema, dog-wash room (pet-friendly), and a cool room for grocery and fresh-food deliveries. 5. FIFO & Investor Favourite - Lock-and-leave convenience with strong rental returns - your cash machine is ready to go. A modern, low-maintenance investment with a long lease, quality furnishings, and a prime CBD position - 102/238 Adelaide Terrace is the definition of effortless urban living. Set within the newly completed AT238, this stylish studio apartment delivers smart design, modern finishes, and an unbeatable CBD lifestyle. Thoughtfully planned to maximise space and light, it offers a calm, contemporary retreat right in the heart of the city - and it comes fully furnished, ready to go from day one. For investors, the appeal is immediate. The property is securely leased at $650 per week until July 2026, providing strong, predictable returns in a market where quality rentals are in high demand. While the apartment doesn't include a car bay, it's rarely needed here. AT238 sits in one of Perth's most connected locations - with buses, the free CAT service, riverfront paths, and the CBD all at your doorstep. For residents, this is a walk-everywhere, ride-everywhere address where convenience replaces the need for parking. Residents also enjoy access to AT238's premium amenities, adding lifestyle value to an already impressive package. VIEWING IS ESSENTIAL! CALL TERRY 0410 213 027 Property At a Glance: - Newly built in 2023, iconic "AT238" in CBD - Boutique residential complex, pet friendly - Leased at $625/week until July 2026, fully furnished - Open plan internal living with enclosed balcony - Bi-fold doors for seamless indoor-outdoor flow - Induction cooktop, rangehood, and stainless steel appliances - Stone benchtops in kitchen and bathroom - Filtered water to kitchen flickmixer - Luxury bathroom with full height tiling, frameless shower and rain head - Hybrid flooring, smart lighting, and recessed LED downlights - Split system air conditioning, keyless entry, and intercom - On-site concierge service - Secure storeroom Strata Areas & Outgoings: - Internal (balcony included): 43sqm, Storeroom: 4sqm, Total: 47sqm - Council: $1,597 p/a - Water: $1,427 p/a - Strata Levies: $853 p/q (admin + reserve) Level 6 Amenities: - Heated 20m pool, cabana, gym, wet steam room - Private dining room, theatrette, gaming zone - Dog play area, BBQ zone, and resident lounge Level 31 Rooftop: - Outdoor cinema, resident bar and lounge - Spectacular city and river views from the deck Prime Inner-City Location - 100m to Coffee Club, moments to Perth CBD - 300m to Langley Park, 500m to Swan River foreshore - 300m to Mercedes College, 500m to Royal Perth Hospital - Free CAT bus at doorstep, 850m to Hay St Mall - 900m to Elizabeth Quay, ferry & train access - 2km to Cathedral Square, Kings Park, East Perth, Northbridge DISCLAIMER: All distances are estimations obtained from Google Maps. All sizes of the property are architectural, estimated, and buyers should rely on their own measurements when onsite. All outgoings are approximate and subject to change without notice.

Features

1 bedroom
1 bathroom
47 m² floor area
House

Estimated Value

Based on this property and similar 1 bedroom houses sold in Perth over the last 12 months, the estimated median property value of 102/238 Adelaide Terrace is $550.5k.

Median value
$550.5k
Estimated value range
$451k - $705k
Median days on market
26
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Perth. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 102/238 Adelaide Terrace

2026
Sold
16 Mar 2026 by Terry Lu, of Realestate 88
2025
Rented
Undisclosed
Leased on 14 Jul 2025 by Realestate 88
2024
Sold
$390,000
Private Sale/Treaty on 05 Jan 2024 by Peter Wright, of Realestate 88

Happy sellers in Perth

92%
92% of sellers in Perth reported that their sale price either exceeded or met their price expectations.

Perth stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 113 reviews in Perth over the last 12 months.

Local market activity for 1 bedroom houses in Perth

In the last 12 months, 6 one-bedroom houses similar to 102/238 Adelaide Terrace, have been sold.

This represents a 75% decrease in one-bedroom houses sales when compared to the previous 12 months.

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