242 Lake Street, Perth, WA 6000 sold on 27 October 2025 | OnTheHouse
 
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Sold on 27 Oct 2025 for $1,400,000

242 Lake Street
Perth WA 6000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 205m2
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Property Details for 242 Lake St, Perth

242 Lake St, Perth is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 205m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom House sold in Perth in the last 12 months.

Building Type
House
Land Size
205m2

Last Listing description (October 2025)

A versatile former corner store (Lake St & Bulwer St) with R50 zoning.

Flexible layout offers multiple options; a house, a combined residence/workplace or commercial use. *subject to complying with council.

Currently approved as a successful short term stay accommodation business.
ROW access to secure off street parking in addition to direct access from Lake Steet.
Recently installed solar panels, heat pump and ducted reverse cycle air-conditioning.
Literally a minutes walk from Hyde Park and a host of cafes to choose from.

Land Area 205 sqm.

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Property History for 242 Lake St, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$1,400,000
27 Oct 2025
Listed for Rent
$671/w
04 Mar 2014
  • 27 Oct 2025
    Sold for $1,400,000
  • 25 Sep 2025
    Listed for Sale Under Offer
  • 23 May 2025
    Sold for $1,400,000
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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 12,097 properties. Over the last 5 years, Houses in Perth have seen a 58.68% increase in median value, while Units have seen a 53.17% increase. As at 30 November 2025:

  • The median value for Houses in Perth is $1,306,398 while the median value for Units is $603,973.
  • Houses have a median rent of $850 while Units have a median rent of $725.
There are currently 137 properties listed for sale, and 68 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 865 properties were sold in the past 12 months in Perth.

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