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Back 3/114 Terrace Road
Off Market

3/114 Terrace Road

Perth WA 6000

1
1
Unit
Last sold for $496,000
Jeffrey ZhangJeffrey Zhang, last sold this property on 03 March 2026 after 7 days on market.

Overview

Affordable. Convenient. Right in the heart of the action.

Positioned along the iconic Terrace Road and overlooking the beautiful Swan River, this affordable one-bedroom apartment offers an exceptional opportunity to secure your place in the heart of Perth City. This ground floor apartment delivers a smart and low-maintenance layout, featuring a well-proportioned bedroom, tidy bathroom, open-plan living and dining area, and a functional kitchen and its own private courtyard. Large windows invite in natural light while capturing glimpses of the river, creating a relaxed inner-city retreat. Set within a secure complex for added peace of mind, residents also benefit from access to a convenient shared laundry facility. This property combines lifestyle and convenience. Step outside and you're moments from Langley Park, Elizabeth Quay, riverside walking paths, cafés, restaurants, and public transport. Everything you need is right at your doorstep. Whether you're a first-home buyer seeking an affordable entry into the city market or an investor looking for a well-located property with strong rental appeal, this is an opportunity not to be missed. Car bays are available subject to allocation and approval by Strata Manager Property is sold partially furnished Currently Tenanted until March 2026 for $500 per week Rental Appraisal - $500 - $550 per week Outgoings: (Approx.) Strata Levy & Reserve Fund = $965.00 per quarter Council Rates = $1,417.65 per annum Water Rates = $1,014.00 per annum Nearby (approximate measurements): Langley Park Pavilion - 50m Mercedes College - 550m Supreme Court Gardens - 800m Elizabeth Quay - 1.2km St Georges Terrace CBD - 1.3km Murray Street Mall - 1.5km Highgate Primary School - 2.1km Perth Convention Centre - 2.3km Crown Hotel & Casino - 3.8km Perth International Airport - 15.1km For further information or to register your interest, please contact Jeffrey Zhang on 0433 768 779.

Features

1 bedroom
1 bathroom
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Perth over the last 12 months, the estimated median property value of 3/114 Terrace Road is $410k.

Median value
$410k
Estimated value range
$230k - $645k
Median days on market
14
Estimated value trend
5%
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 3/114 Terrace Road

2026
Sold
$496,000
Private Sale/Treaty on 03 Mar 2026 by Jeffrey Zhang, of Realty One Winthrop
2025
Rented
Undisclosed
Leased on 28 Mar 2025 by Rental Management Australia South Perth
2020
Rented
Undisclosed
Leased on 30 Oct 2020 by Enable Real Estate – Salter Point

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 units in Perth

In the last 12 months, 19 one-bedroom units similar to 3/114 Terrace Road, have been sold.

This represents a 100% decrease in one-bedroom units sales when compared to the previous 12 months.

Nearby agents

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Shuai Pei

Shuai Pei is a recommended agent for Perth.  They have 3 local sales and collected 32 local reviews across the last 12 months.

  •   5   (34 reviews)
  •  32 Reviews in Perth
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Brendon Habak

Sellers who recommend Brendon Habak have praised them for being local expert, clear communication, reliable, responsive, great negotiation, well-prepared and honest

  •   4.9   (185 reviews)
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Ivan Tang

Ivan Tang is a recommended agent for Perth.  They have 10 local sales and collected 8 local reviews across the last 12 months.

  •   5   (18 reviews)
  •  8 Reviews in Perth
  •  10 Sales in Perth
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Claude Iaconi

Sellers who recommend Claude Iaconi have praised them for being local expert, clear communication, supportive, responsive, friendly, reliable and honest

  •   4.9   (380 reviews)
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  •  12 Sales in Perth
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