231 Lake Street, Perth, WA 6000 | Property Value & History | OnTheHouse
OFF MARKET

231 Lake Street
Perth WA 6000

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 137m2
Land area: 619m2
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Property Details for 231 Lake St, Perth

231 Lake St, Perth is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1920. The property has a land size of 619m2 and floor size of 137m2. While the property is not currently for sale or for rent, it was last sold in December 2019.

Building Type
House
Year Built
1920
Floor Size
137m2
Land Size
619m2
Local Government
Vincent
Lot/Plan
13/P002095

Last Listing description (January 2020)

Here in this DECEASED ESTATE, coming to the market for the first time in more than 50 YEARS.Auction onsite Saturday 30th November - 12:30pm sharpDeposit: 5% of the purchase priceSettlement: 60 daysDon't be fooled by the unassuming facade of this inner-city gem!The interior of this large home retains many of its original character features including timber floors, four-paneled doors with push plates, decorative plasterwork and an impressive fireplace in the formal lounge.BUT THERE ARE OPTIONS!!The existing home sits on an excellent block of 617 sqm with right of way access and R50 zoning.- Option 1..Restore and extend a solid structure to create a family home in the heart of the city- Option 2..Retain and restore the original structure and subdivide the block- Option 3..Demolish the existing home to maximise subdivision potentialThis a VERY RARE OPPORTUNITY to purchase a piece of land of this size in such an excellent location, especially with the multiple options it presents so don't delay!!Council Rates: $1,798 p/aWater Rates: $1,314 p/a*Any reference to rates/levies and land/area sizes are approximate figures

Property History for 231 Lake St, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$1,070,000
04 Dec 2019
Listed for Rent
$425/w
22 Mar 2017
  • 04 Dec 2019
    Sold for $1,070,000
  • 27 Sep 2019
    Listed for Sale $1,000,000
  • 23 Feb 2017
    Listed for Rent - Price not available
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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 12,100 properties. Over the last 5 years, Houses in Perth have seen a 56.10% increase in median value, while Units have seen a 60.01% increase. As at 28 February 2026:

  • The median value for Houses in Perth is $1,375,555 while the median value for Units is $680,291.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 139 properties listed for sale, and 79 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 832 properties were sold in the past 12 months in Perth.

Suburb Insights for Perth 6000

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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.