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Back 303/201 Hay Street
Off Market

303/201 Hay Street

East Perth WA 6004

2
1
81 m²
Apartment
Last sold for $356,000
Brent MorfesseBrent Morfesse, last sold this property on 15 April 2025 after 13 days on market.

Overview

AN IDEAL INVESTMENT WITH GUARANTEED RETURNS

THIS IS AN INVESTMENT ONLY APARTMENT AND NOT FOR RESIDENTIAL USE. THE APARTMENT IS LEASED TO PANACHE HOTEL GROUP INSPECTION BY APPOINTMENT ONLY A Fully Furnished Modern 2 bedroom 1 bathroom apartment The property offers a contemporary living space, equipped with all necessary amenities for a comfortable stay. Providing excellent amenities for Guest Comfort: All rooms have Split system air conditioning ensures climate control, while guests can enjoy access to a heated pool and gym during their stay, enhancing the overall experience. With a high occupancy level, this property presents a stable income stream for an investor. In a prime location Situated on the corner of Hay St & Bennett East Perth, close to the CBD and key attractions such as Langley Park, Swan River, and Queens Gardens, the property enjoys a desirable location, attracting both business and leisure travelers. The property benefits from easy access to public transportation, including the free CAT bus service, facilitating guest mobility and exploration of the Perth CBD shopping precinct. A range of guest services, from complimentary WIFI and safety deposit boxes to multilingual staff and disabled facilities, ensures a comfortable and inclusive experience for guests. Additional Perks for Investors: Investors receive 5 days of free use of the apartment annually, adding value to their investment. Overall, this investment opportunity offers a hassle-free income stream with an existing lease in place, coupled with the potential for capital appreciation in a well-maintained property situated in a prime location with high demand. NET YIELD 5.13% PA In summary, the rental situation is as follows. Rent from July 1 2024 $28,984.20 Strata Fees contribution from Hotel $1000.00 - 2024 - 2025 Less Outgoings F,F & E Reserve from July 2024, 5% OF Gross Rent, $1,449.21 Strata Fee $7235.97 Council Rates $1,320.10 Water Rates $1,560.81 Total Outgoings $11,565.18 Net Rental $18,419.02 Contact Brent Morfesse for more details or to arrange an inspection 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.

Features

2 bedrooms
1 bathroom
81 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in East Perth over the last 12 months, the estimated median property value of 303/201 Hay Street is $637.94k.

Median value
$637.94k
Estimated value range
$360k - $1.23m
Median days on market
29
Estimated value trend
16%
increase over the last 12 months
Average days on market is based on recent, comparable sales in East 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 303/201 Hay Street

2025
Sold
$356,000
15 Apr 2025 by Brent Morfesse, of The Agency Perth
2024
Sold
$300,000
14 Jul 2024 by Brent Morfesse, of The Agency Perth
2010
Sold
$280,000
Private Sale/Treaty on 25 Aug 2010

Happy sellers in East Perth

94%
94% of sellers in East Perth reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 79 reviews in East Perth over the last 12 months.

Local market activity for 2 bedroom apartments in East Perth

In the last 12 months, 242 two-bedroom apartments similar to 303/201 Hay Street, have been sold.

This represents a 31% increase in two-bedroom apartments sales when compared to the previous 12 months.

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