2/127 Lake Street, Perth, WA 6000 | Property Value & History | OnTheHouse
OFF MARKET

2/127 Lake Street
Perth WA 6000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 134m2
Land area: 172m2
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Last updated 6 Apr 2026
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Property Details for 2/127 Lake St, Perth

2/127 Lake St, Perth is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 172m2 and floor size of 134m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
Unit
Year Built
1995
Floor Size
134m2
Land Size
172m2
Local Government
Vincent
Lot/Plan
2/S028541

Last Listing description (May 2024)

Designed by the national award winning architect Kevin Palassis, this tri-level townhouse stands among an enclave of only ten homes, discreetly tucked away behind a secure gated warehouse facade on Lake Street. Distinguished by its unmistakable industrial design, the home boasts concrete and timber floors, steel beams, LVL beams, exposed services, and lofty ceilings. Its aesthetic pays homage to the location's industrial heritage.SPOTLIGHT / Designed by national award winning Architect, Kevin Palassis/ Industrial architecture and warehouse vibe/ One of only ten in complex/ Concrete floors to ground floor/ Steel beams and LVL beams throughout / Steel staircase and steel bridge defines movement between spaces/ Air-conditioning/ Intercom with video / Secure parking on the lot behind garage door / Storage area located behind parking bay / Walking distance to Northbridge, the Perth CBD and the Central Perth Train Station and Wellington Street Bus Port/ Parkside Coffee, Sayers Sister, Miller and Baker and Stuart Street Reserve all just a short stroll awayThis city home is defined by its scale and volume, allowing light to travel through two voids and a central courtyard. Spanning three levels, the residence encompasses a generously sized open-plan living and dining area on the ground floor, along with a second living area on the first floor. Step outside onto the outdoor balcony, where the northern sunlight bathes the space, making it the perfect spot to soak in the vibrancy of this inner city location.The well-appointed kitchen features a 1,200mm Maytag gas cooktop, a tiled splashback, a double sink, a stainless steel benchtop and a breakfast bar, ensuring a functional space and room to entertain comfortably. Defining features of the residence include the steel staircase that facilitates movement between floors and a connecting steel bridge on the first floor, consolidating the industrial quality of the design. The primary bedroom is crowned by an openable Velux skylight, built-in robes, and a generously proportioned ensuite bathroom with a large bath, rainfall shower and a granite vanity. The second bedroom is situated on the second floor, offering privacy between sleeping quarters and glimpses of the cityscape. Nestled in a location regarded as a hidden gem among those in the know, you'll find yourself within walking distance of a host of amenities. Local favourites Parkside Coffee, Miller and Baker, Sayers Sister and Stuart Street Reserve are all a short stroll away, as are the vibrant cultural hubs of Northbridge and the Perth CBD.RATESCouncil $2,087.30 paWater $1,466.57 paStrata $1,071.00 pqtr

Property History for 2/127 Lake St, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$829,000
17 Oct 2023
Listed for Rent
$600/w
27 May 2021
  • 17 Oct 2023
    Sold for $829,000
  • 12 Oct 2023
    Listed for Sale UNDER CONTRACT
  • 08 Apr 2020
    Listed for Rent $535 / week
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About Perth 6000

The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2016 was 11425 people. By 2021 the population was 13670 showing a population growth of 19.6% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation.In 2021, 32.50% of the homes in Perth were owner-occupied compared with 35.10% in 2016.

Perth has 12,101 properties. Over the last 5 years, Houses in Perth have seen a 55.65% increase in median value, while Units have seen a 60.09% increase. As at 31 March 2026:

  • The median value for Houses in Perth is $1,386,298 while the median value for Units is $697,298.
  • Houses have a median rent of $855 while Units have a median rent of $750.
There are currently 145 properties listed for sale, and 69 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 806 properties were sold in the past 12 months in Perth.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.