38/46 Smith Street, Highgate, WA 6003 | Apartment for sale | OnTheHouse
 
FOR SALE
UNDER CONTRACT

38/46 Smith Street
Highgate WA 6003

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Land area: 72m2
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Prime Investment with Immediate Returns

This two-bedroom apartment offers a compelling opportunity for astute investors seeking immediate returns and secure, long-term tenancy in a high-demand inner-city location. Positioned on the city fringe in the highly sought-after suburb of Highgate, this property provides the ultimate lifestyle appeal that consistently attracts quality tenants. The apartment is currently secured by a lease until October 2026 at $660 per week, offering guaranteed rental income and seamless handover.
The "Peachtree Lane" complex, a well-maintained low-rise development from the mid-1980s, offers resort-style amenities that elevate its rental appeal. Residents enjoy secure, remote-controlled gated access, a fabulous swimming pool area, and a full-size tennis court. The apartment itself is situated on the second floor, accessible directly from the secure undercover carpark via a newly renovated lift-a significant drawcard for tenants. The location is second to none, just a short stroll to the famed Beaufort Street strip, providing instant access to a vibrant array of cafes, restaurants, bars, and shops. Furthermore, the property falls within the highly desirable catchment areas for Highgate Primary School and Mount Lawley Senior High School.
The apartment itself is well-designed for comfortable tenancy and low maintenance. It features a spacious, fully tiled interior, anchored by an open-plan kitchen and living/dining area. This main space opens onto a private outdoor balcony overlooking the complex swimming pool, enhanced by mature greenery. Comfort is assured with a wall-mounted reverse-cycle split-system air-conditioner in the living area.. The floorplan is ideal for co-tenancy, with two good-sized bedrooms strategically separated for privacy and both featuring built-in robes and ceiling fans. The bathroom is functionally combined with the laundry, featuring an oversized shower recess and ample storage with overhead cupboards.
This property represents a stable and reliable asset in a blue-chip location. The fixed term lease to October 2026 offers rare certainty in rental income, streamlining the investment process.
Details at a Glance
Year Built: 1986 (approx.)
Lot Size: 72sqm (Residence 68sqm I Balcony 4sqm + car bay)
Council: City of Vincent
Council Rates: $1,840.97 p/a (approx.)
Water Service: $1,269.17 p/a (approx.)
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Property Details for 38/46 Smith St, Highgate

38/46 Smith St, Highgate is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 72m2 and floor size of 68m2. The place is currently for sale with Ray White Inner North.

Building Type
Apartment
Floor Size
68m2
Land Size
72m2
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About Highgate 6003

The size of Highgate is approximately 0.4 square kilometres. It has 3 parks covering nearly 3.6% of total area. The population of Highgate in 2016 was 2202 people. By 2021 the population was 2326 showing a population growth of 5.6% in the area during that time. The predominant age group in Highgate is 30-39 years. Households in Highgate are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Highgate work in a professional occupation.In 2021, 41.90% of the homes in Highgate were owner-occupied compared with 39.50% in 2016.

Highgate has 1,468 properties. Over the last 5 years, Houses in Highgate have seen a 64.97% increase in median value, while Units have seen a 83.14% increase. As at 31 January 2026:

  • The median value for Houses in Highgate is $1,424,282 while the median value for Units is $640,131.
  • Houses have a median rent of $850 while Units have a median rent of $650.
There are currently 9 properties listed for sale, and 5 properties listed for rent in Highgate on OnTheHouse. According to Cotality's data, 82 properties were sold in the past 12 months in Highgate.

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Angie Taylor
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Ray White Inner North
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