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Back 49/47 Forrest Avenue
Off Market

49/47 Forrest Avenue

East Perth WA 6004

2
2
1
145 m²
160 m²
Apartment
Last sold for $780,000
Joe CiprianiJoe Cipriani, last sold this property on 25 February 2026 after 6 days on market.

Overview

Stylish & Spacious 145m Apartment - Investment Opportunity!

UNDER CONTRACT BY JOE CIPRIANI Welcome to City Towers Apartments, unit 49 is located on level 3 of this amazing complex on Forrest Avenue. This is a prestigious complex of 4 apartments on this floor offering a 2 bedroom, 2 bathroom apartment with 145m2 of space plus an under-cover car bay. The apartment has a fantastic east facing aspect towards Queens Gardens, WACA, Burswood and some more. Currently leased until August 2026 at $675 per week, this property offers immediate rental income with the flexibility to move in at the end of the lease; or continue capitalising on a solid addition to your investment portfolio. Note: The photos displayed have virtual furniture included. Offering a stylish lobby and impressive entry foyer, this apartment delivers an instant "Wow!" factor, all at a remarkably affordable price. When you enter this private sanctuary, the open plan living areas are spacious offering a number of options to suit your lifestyle, including the large study area giving you the additional office/ living space which is always a bonus. The spacious kitchen boasts quality finishes with electric cook top and tons of cupboard space. This solid apartment has strong lines and a functional layout with hybrid wood flooring to the living areas. Both spacious bedrooms enjoy stunning windows adding to the sense of light and space. Entertaining is easy here! Join your guests for drinks on the balcony and enjoy the views every evening. Plus, the tightly held complex boasts a sparkling pool area, recently refurbished foyers, near new lifts and an engaged community. City Towers is nestled in East Perth where it offers a myriad of delicious restaurants to choose from. It's a unique cul de sac location that provides a rare quiet neighbourhood in the City. Walk down a private lane to Wellington Street and catch the free Cat bus into the CBD. Stroll to Queens Gardens to enjoy the tranquility of this beautiful park, walk to the Swan River, Royal Street bistros, WACA grounds, Gloucester Park and Optus Stadium. It's an amazing area with an inner-city lifestyle at your doorstep! To avoid missing this outstanding opportunity, contact the selling agent Joe Cipriani on 0417 948 078 and present your best offer, you won't be disappointed. Features: - Prestigious complex of 4 apartments per floor - 145sqm of living space on Level 3 - Spacious living areas - Entertaining balcony - 2 large bedrooms 2 bathrooms - Main bedroom with WIR and ensuite - Second bedroom with BIR - 1 car bay as well as visitor parking - Air-conditioning to living area - Electric cook top - Abundance of cupboard space - Separate laundry - Sparkling Pool Fully secured Space: 145m2 1 Car Bay: 14m2 PROPERTY PARTICULARS: Shire Rates: $1,828.85 pa Water Rates: $1,257.62 pa Strata Levy: $1,197.70 pq Reserve Fund: $715.38 pq Built: 1987 City of Perth

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
145 m² floor area
160 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 49/47 Forrest Avenue is $638k.

Median value
$638k
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 49/47 Forrest Avenue

2026
Sold
$780,000
25 Feb 2026 by Joe Cipriani, of Ray White Inner North

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, 243 two-bedroom apartments similar to 49/47 Forrest Avenue, have been sold.

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

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Jordan Cardozo

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Allen Ang

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Tama MacFater

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