28/121-123 Hill St, East Perth is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2009. The property has a land size of 88m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Welcome to an outstanding opportunity in the heart of East Perth. Now vacant and ready for immediate occupation, this well-presented two-bedroom apartment is ideally suited to first-home buyers, city-based professionals or investors seeking strong rental potential.
With an estimated rental return in the high $700s per week, subject to market conditions and a formal rental appraisal, the property presents an attractive investment opportunity in one of Perth’s most convenient inner-city locations.
Property Features
Two Comfortable Bedrooms
Both bedrooms offer built-in storage and plenty of natural light. The main bedroom provides a comfortable and peaceful retreat.
Modern Bathroom and Laundry
A practical, contemporary bathroom featuring quality fixtures, a spacious shower, vanity and integrated laundry facilities.
Open-Plan Living
The light-filled living and dining area flows seamlessly onto the private balcony, creating an inviting space to relax or entertain. Reverse-cycle air conditioning provides year-round comfort.
Contemporary Kitchen
Featuring modern cabinetry, generous bench space and quality appliances, the kitchen is designed for convenient everyday living.
Private Balcony
Enjoy your morning coffee, entertain friends or unwind at the end of the day while taking in the surrounding outlook.
Secure Parking
A dedicated undercover car bay provides added convenience and peace of mind.
Ready to Move In or Lease Out
With vacant possession available, first-home buyers can move in without delay, while investors can immediately begin the process of securing a new tenant.
The apartment’s estimated rental potential in the high $700s per week makes it an appealing option for investors seeking strong income in a sought-after inner-city location.
Outstanding East Perth Location
Positioned in vibrant East Perth, the apartment offers convenient access to caf&aecute;s, restaurants, the Swan River, Optus Stadium, local parks, public transport and the Perth CBD.
Whether you are purchasing your first home, looking for a convenient city base or adding a high-demand property to your investment portfolio, this apartment offers lifestyle, flexibility and excellent value.
Contact Simon Sywak on 0452 074 588 to arrange an inspection or request further information.
The size of East Perth is approximately 3.2 square kilometres. There are 21 parks, covering nearly 33.5% of the total area. The population of East Perth in 2016 was 10596 people. By 2021 the population was 11681 showing a population growth of 10.2% in the area during that time. The predominant age group in East Perth is 30-39 years. Households in East Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Perth work in a professional occupation.In 2021, 36.40% of the homes in East Perth were owner-occupied compared with 37.60% in 2016.
East Perth has 8,418 properties. Over the last 5 years, Houses in East Perth have seen a 37.49% increase in median value, while Units have seen a 50.44% increase. As at 31 August 2026:
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