There are apartments… and then there are residences that simply cannot be recreated.
3/1 Alvan Street, Subiaco belongs firmly in the latter.
Set high above the vibrancy of inner Subiaco, this extraordinary two-level apartment occupies an unrivalled position within a tightly held building of just three residential homes. With scale, elevation and privacy rarely seen in this location, this is a residence that stands entirely on its own.
From the moment you enter, the sense of space and light is immediate. The home is beautifully light-filled and north facing, with expansive proportions that challenge every expectation of apartment living. Elevated above the street, the outlook is calm, open and private - a rare sanctuary hovering above one of Perth's most dynamic lifestyle precincts.
The floorplan is generous and flexible, offering three oversized bedrooms, one of which lends itself perfectly to a luxurious home office or creative studio. The property is presented in very good condition throughout, while simultaneously offering an exceptional opportunity for those wishing to introduce their own design vision, character or bespoke finishes. This is a blank canvas - but an exceptionally rare one.
A true centrepiece of the home is the remarkably large north-facing balcony. Seldom found in inner-city living, this outdoor space delivers genuine scale, ideal for entertaining, relaxing or simply enjoying the elevated position and natural light throughout the day.
Property Highlights:
Unique, two-level apartment with commanding elevation
One of only three residences within this tightly held building
Expansive proportions rarely found in Subiaco apartments
Three oversized bedrooms or flexible home office configuration
North-facing orientation with exceptional natural light
Substantial balcony offering true indoor–outdoor living
Immaculately maintained with scope to personalise
Open plan kitchen dining and living area, featuring stone benchtops
Plenty of storage throughout with an extra storage area that is currently being used as a cellar, plus large storage shed behind car bay
Multi-room surround sound system, both internal to the apartment and on the balcony
Second private balcony South-facing, the perfect place to curl up with a book
Grand main bedroom with large walk in wardrobe, featuring a private ensuite with large shower recess and raised spa bath
Note this property can remain furnished
Side by side car bays
Investment Excellence:
Currently leased until April 2026
Returning $2,000 per week
Outstanding tenant in place
Rare combination of lifestyle appeal and strong income performance
Location – Simply Unmatched:
Elevated above the heart of Subiaco's café, dining and retail scene
Walking distance to Subiaco Square and public transport
Moments from Kings Park, UWA and Perth CBD
One of Perth's most tightly held and enduring lifestyle suburbs
Outgoings
Council Rates: $4,016.15 p.a
Water Rates: $1,955.45 p.a
Strata Levies: $3,740.00 p.q
This is not an apartment that can be replicated. The position, scale, elevation and exclusivity combine to create something genuinely one of a kind. Whether held as a blue-chip investment or secured as a future statement residence, opportunities of this calibre are exceptionally rare. Contact Paige Garvey today for further information.
