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Back 63/138 Adelaide Terrace
Off Market

63/138 Adelaide Terrace

East Perth WA 6004

1
1
29 m²
29 m²
Studio
Last sold for $385,000
James YeomanJames Yeoman, last sold this property on 06 April 2026 after 33 days on market.

Overview

Affordable City Studio with Secure Parking and Poolside Living in Perth’s Free Transit Zone

Click "Enquire", "Get in touch" or "Email Agent' for floor plan and strata information sent directly to your email. Make an Offer or become an Observer on Openn.com: https://anz.openn.com/app/l/r9Ko Positioned within the heart of Perth's vibrant city precinct, this affordable studio apartment offers an exceptional opportunity for both investors and city dwellers seeking convenience without compromise. Set within a secure building with secure parking, the property delivers peace of mind alongside an enviable inner-city lifestyle. Inside, the modern kitchen is thoughtfully designed to maximise space and functionality, creating a comfortable and practical living environment. The open-plan studio layout allows for effortless living, whether you're relaxing at home or preparing to step out and enjoy everything the city has to offer. Residents can escape the bustle and unwind in the sparkling swimming pool during the warmer months, creating your own private oasis while remaining within the city limits. From your doorstep, enjoy Perth's Free Transit Zone for seamless travel, or take a leisurely stroll along the terrace straight into the CBD. The Swan River and Elizabeth Quay are also just an easy walk away, offering some of Perth's best dining, entertainment, and waterfront experiences. Currently leased at $350 per week until 30 December 2026, this property presents immediate rental income with significant upside potential, with an estimated rental return of up to $500 per week in the current market. An outstanding opportunity to secure an affordable entry into Perth's CBD with strong investment fundamentals and lifestyle appeal.

Features

1 bathroom
1 carspace
1 open car space
29 m² floor area
29 m² lot size
Studio

Estimated Value

Based on this property and similar studios sold in East Perth over the last 12 months, the estimated median property value of 63/138 Adelaide Terrace is $340k.

Median value
$340k
Estimated value range
$310k - $385k
Median days on market
34
Estimated value trend
37%
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 63/138 Adelaide Terrace

2026
Sold
$385,000
06 Apr 2026 by James Yeoman, of KPR Perth
2023
Sold
Undisclosed
27 Dec 2023 by Jonathan Lai, of Exp Australia WA

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 75 reviews in East Perth over the last 12 months.

Local market activity for studios in East Perth

In the last 12 months, 4 studios similar to 63/138 Adelaide Terrace, have been sold.

This represents a 43% increase in studios sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in East Perth

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Jordan Cardozo

Jordan Cardozo is a recommended agent for East Perth.  They have 1 local sale and collected 22 local reviews across the last 12 months.

  •   5   (34 reviews)
  •  22 Reviews in East Perth
  •  1 Sale in East 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   (186 reviews)
  •  11 Reviews in East Perth
  •  26 Sales in East Perth
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Allen Ang

Sellers who recommend Allen Ang have praised them for being local expert, hard-working, supportive, responsive, detail-oriented, clear communication and patient

  •   4.9   (48 reviews)
  •  11 Reviews in East Perth
  •  19 Sales in East Perth
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Tama MacFater

Sellers who recommend Tama MacFater have praised them for being clear communication and supportive

  •   4.9   (22 reviews)
  •  7 Reviews in East Perth
  •  8 Sales in East Perth
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