Back 38/42 Terrace Road
Off Market

38/42 Terrace Road

East Perth WA 6004

2
2
2
129 m²
189 m²
Apartment
Darek PeszelDarek Peszel, last sold this property on 24 July 2025 after 78 days on market.

Overview

Another UNDER OFFER by Darek Peszel

An ideal family home or investment opportunity, with panoramic river views and high-end finishes, offered fully furnished for a seamless 'walk-in, walk-out' experience. Positioned high on Level 10 in the prestigious East Wing of Panorama, Apartment 38 is a standout residence offering uninterrupted views across the Swan River, Langley Park, and Perth's dynamic city skyline. With 129sqm of internal space and two spacious balconies (20sqm + 10sqm), this is riverside living at its best. What truly sets this apartment apart is its exclusive finish and thoughtful layout - featuring striking marble-look stone tiles throughout the living, dining, kitchen and dedicated office area, creating a luxurious feel rarely seen in the market. From the moment you enter, you're greeted by panoramic water views that flow seamlessly through the kitchen, dining, living, and study, delivering breathtaking views that never lose their charm. The open-plan design offers excellent separation between the bedrooms and entertaining zones. Both bedrooms include built-in robes and plantation shutters, adding warmth and sophistication, while the fully tiled bathrooms and separate laundry add practical comfort. The kitchen is fully equipped with a Miele oven, gas cooktop, stone benchtops, dishwasher, fridge, and ample cabinetry. The apartment is sold fully furnished, making it ideal for both investors and owner-occupiers. Panorama is situated in a prime riverfront location within walking distance to Elizabeth Quay, the CBD, and Perth's finest dining and entertainment precincts. Enjoy easy access to free public transport, Optus Stadium, Crown Entertainment Complex, riverside walking trails, and vibrant green spaces. Offering unmatched quality, privacy, and panoramic outlooks, Apartment 38 is a rare opportunity to secure one of East Perth's most elevated lifestyle experiences. Property Highlights: • Level 10 apartment with river views in the renowned Panorama complex (built 2002) • Exceptionally spacious with 129sqm of internal living • Stylishly upgraded throughout, including luxurious marble-look tiled floors and interior paint • Ducted reverse-cycle air conditioning throughout • Two secure ground floor car bays (side-by-side) • Plantation shutters for privacy and style • Contemporary stone benchtops • Premium Miele appliances, including gas cooktop Size breakdown: • Total area: 189sqm • Internal living: 129sqm • Balconies combined: 30sqm (20sqm + 10sqm) • Storeroom: 3sqm • Car bays: 27sqm Rates (Estimated): • Council rates: $2,667.45 p/a • Water rates: $ 1,474.99 p/a (01/07/2024 to 30/04/2025) • Strata levies: $2,322.60 p/q (Admin) + $347.60 p/q (Reserve) = $2,670.20 p/q (Total) • Currently leased for $950/week until 30 September 2025 Premium resident amenities: • Exclusive 25m rooftop pool on the 18th floor • Private resident lounge and BBQ entertaining space with panoramic river views • Fully equipped gym, sauna, and relaxing spa • Serene garden courtyard for peaceful retreats • Professional onsite building manager and concierge services LOCATION HIGHLIGHTS • 270m to closest bus stop and cafes • 1.5km to Elizabeth Quay • 1.8km to Hay Street Mall • 2.2km to Matagarup Bridge • 2.3km to Yagan Square • 2.3km to Perth Underground train station / bus port • 2.9km to RAC Arena • 3.0km to Kings Park • 3.6km to Optus Stadium Contact Exclusive Selling Agent Darek Peszel on 0414 888 333. 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
2 bathrooms
2 carspaces
2 garage spaces
129 m² floor area
189 m² lot size
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 38/42 Terrace Road is $637.94k.

Median value
$637.94k
Estimated value range
$360k - $1.23m
Median days on market
28
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 38/42 Terrace Road

2025
Sold
Undisclosed
24 Jul 2025 by Darek Peszel, of Peard Real Estate - Hillarys

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 80 reviews in East Perth over the last 12 months.

Local market activity for 2 bedroom apartments in East Perth

In the last 12 months, 240 two-bedroom apartments similar to 38/42 Terrace Road, have been sold.

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

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