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Back 116/138 Barrack Street
Off Market

116/138 Barrack Street

Perth WA 6000

1
1
Apartment
Last sold for $505,000
Jason ChanJason Chan, last sold this property on 16 September 2025 after 34 days on market.

Overview

Great Investment Opportunity - High Return, Low Outgoings, Fully Furnished!!

Proudly Presented by Jason Chan Welcome to the epitome of inner-city convenience and lifestyle. Perfectly positioned in the heart of Perth, this stylish apartment places you just moments from the vibrant energy of Northbridge's renowned cafes, restaurants, nightlife, and cultural scene. With public transport, shopping, and entertainment right on your doorstep, this is city living made easy. Step inside and be greeted by a light-filled, open-plan living space designed for comfort and ease. The spacious balcony offers the perfect setting to enjoy your morning coffee or unwind with a glass of wine at sunset. The modern kitchen is both sleek and functional, offering ample bench and storage space - ideal for preparing everything from quick weeknight meals to leisurely weekend brunches. The generously sized bedroom is a peaceful retreat, complete with built-in robes and soft natural light. The well-appointed bathroom is stylish and practical, catering comfortably to both residents and guests. Currently leased to a reliable tenant at $665.00 per week until 18/12/2025, this property represents an outstanding opportunity for investors seeking a low-maintenance asset in a premium location. Whether you're a first-home buyer, investor, or downsizer, this apartment offers the perfect blend of lifestyle, location, and long-term value. Why You'll Love It: * Built in 2006, with a total build area of 63m2 * Contemporary 1-bedroom, 1-bathroom apartment * Quality modern fittings and finishes throughout * Split system air conditioning for year-round comfort * Light-filled open-plan layout * Secure building with internal lift access * NBN-ready for high-speed connectivity * Allocated secure parking * Strong rental potential: estimated return of $650 - $700/week * Located in a prime lifestyle precinct, yet peaceful and private Unbeatable Location: * Located within the free CAT bus zone * Walking distance to St Georges Terrace, Royal Perth Hospital, Langley Park, Elizabeth Quay, and Perth Underground Station * Situated in the same building as Adina Apartment Hotel * Surrounded by a variety of retail, dining, and hospitality venues Outgoings: * Council Rates: approx. $1,590.75 per annum (FY 24-25) * Water Rates: approx. $1,153.57 per annum (FY 24-25) * Strata Levies: approx. $712.50 per quarter (which Includes Admin Fund: $600.00/q & Reserve Fund: $112.50/q) For further details contact the listing agent Jason Chan on 0422 171 869 today. Disclaimer: All information provided has been obtained from sources we believe to be reliable. However, we cannot guarantee its accuracy and recommend all interested parties carry out their own investigations.

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Perth over the last 12 months, the estimated median property value of 116/138 Barrack Street is $505k.

Median value
$505k
Estimated value range
$190k - $777k
Median days on market
16
Estimated value trend
15%
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 116/138 Barrack Street

2025
Sold
$505,000
Private Sale/Treaty on 16 Sep 2025 by Jason Chan, of LJ Hooker Victoria Park | Belmont
2023
Rented
Undisclosed
Leased on 19 Dec 2023 by William Porteous Properties International Pty Ltd
2020
Rented
Undisclosed
Leased on 21 Apr 2020 by William Porteous Properties International Pty Ltd

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 112 reviews in Perth over the last 12 months.

Local market activity for 1 bedroom apartments in Perth

In the last 12 months, 184 one-bedroom apartments similar to 116/138 Barrack Street, have been sold.

This represents a 43% increase in one-bedroom apartments sales when compared to the previous 12 months.

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