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.
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
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:
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