3/130 Terrace Road, Perth, WA 6000 - More Details
From $660,000
ACCOMMODATION
Position, income, and potential, all in one! Not your average unit! Wake up to one of Perth's most enviable outlooks, with Langley Park out front, Elizabeth Quay a short stroll away, and the river foreshore right at your doorstep. This ground floor, three-bedroom apartment sits quietly in the middle of the complex, tucked away from the entrance and the carpark for genuine peace and privacy. With a direct pedestrian path through to Adelaide Terrace, the CBD commute is as easy as it gets, and the location puts you within reach of some of Perth's most respected schools and tertiary campuses.
What makes this one genuinely interesting is the bigger picture. 130 Terrace Road sits on a premium R160-zoned site with a 2:1 plot ratio and height allowances of up to 14 metres (five storeys), or 52 metres with a 10-metre front setback; and the site has attracted developer interest in the past. With the $1 billion Langley Park masterplan floated in 2024, this stretch of the river is firmly on the radar. In the meantime, the complex's carpark rental arrangement delivered owners a tidy share of net income last financial year, all professionally managed with nothing for you to lift a finger on.
FEATURES & BENEFITS
• Unbeatable location, set across from Langley Park, Elizabeth Quay, and the Riverside Drive Foreshore walking paths
• Ground floor apartment, offering 67sqm of internal living space
• Middle position within the complex for peace and privacy (a comfortable distance from the front security gate/stairwell, and the car park at the rear, and far away from the driveway entrance to the rear parking lot)
• Unique, additional income benefit via Carpark Rental of excess/unused carbays; this yielded approximately $37,533 gross income for the 24/25 FY. Once deductions incl. accounting fees, caretaking, management fees & sundry have been applied, the unit owners enjoyed $28,120 net income, divvied up via Unit Allocation (approx. $1,265.40 for 3/130 Terrace Rd). With the admin & accounting all managed and taken care of for you!
• 1x car bay permit for the rear carpark (approx. $7 per year to renew)
• Beautiful floorboards throughout
• Open plan kitchen, living & dining area
• Neat & tidy kitchen featuring plenty of bench and cupboard space, gas cooktop & freestanding oven, and fridge & microwave recess
• Spacious main bedroom with study nook & mirrored double robe
• Great sized 2nd & 3rd bedrooms both with double mirrored robes
• Light & bright main bathroom with shower & toilet
• Currently rented to reliable tenants until December 2026
• Offers a legal, direct pedestrian access path to Adelaide Terrace; very convenient for professionals working in the CBD, or for public transport access
• 130 Terrace Road has just undergone a $240,000 upgrade to its electricity services
• Standout unit in the complex - offering one of the highest Unit Entitlements and one of just a handful of units that offer 3 bedrooms (as opposed to 2x & 1x bedrooms)
• The site (130 Terrace Rd) has had developer interest in the past, due to the premium location and height benefits granted by R160 zoning; this means that there is a plot ratio of 2:1 and height restrictions up to 14 meters (5-storeys) or 52 meters (subject to a 10m setback from the front boundary)
• Offering exciting future investment potential; a $1 billion dollar masterplan to redevelop Langley Park was pitched back in 2024; this iconic part of Perth has been on the radar of policy makers in the past
• Set within the Highgate Primary School & Bob Hawke College catchments, within close proximity to Mercedes College, St George's Anglican Grammar School, Trinity College, SEDA College & Wesley College, Edith Cowan University City Campus & the University of Western Australia
LOCATION
The Langley Park and Elizabeth Quay end of the CBD is arguably Perth's best address. Wide open parkland, the Swan River, and kilometres of foreshore walking and cycling paths sit right at your doorstep, while Elizabeth Quay brings the waterfront dining, bars, and weekend buzz just a short stroll away. It's the part of the city that hosts the Australia Day Skyworks, the Perth Festival, and everything in between, yet step back from the events and it's a genuinely peaceful pocket, with the river breeze, the city skyline, and easy access to everything the CBD has to offer.
CONTACT
Represented by Zac Addenbrooke; for more information please SMS "3/130 Terrace" to 0437 414 178 for your free digital booklet.
- Type
- House
- Bedrooms
- 3
- Bathrooms
- 1
- Parkings
- 1
- House Size
- 67 m²
