55 Lynn StreetTrigg WA 6029
Property Details for 55 Lynn St, Trigg
Last Listing description (August 2026)
RWC WA proudly presents 55 Lynn Street, Trigg - a fully leased, refurbished 11-unit coastal apartment complex positioned less than 500 metres from Trigg Beach, offered for sale with 100% freehold ownership of all the units.
Located in one of Perth's most tightly held beachside suburbs, delivering immediate cash flow with clear reversionary upside.
Highlights:
• 1 single bedroom apartment with circa 39m² internal living area
• Fully tenanted
• Current gross income: $352,820 p.a.
• Projected gross income following rent reviews $382,200 p.a.
• Fully refurbished throughout - new kitchens, bathrooms, flooring, AC, solar
• Low maintenance investment and minimal near-term capital expenditure anticipated
• Future development potential (STCA)
Land Area: 1,977m² corner site
Dual Street Frontage (38 metres to Lynn Street and 37 metres to Kitchener St)
Leasing Potential:
• All 11 leases scheduled to expire progressively between July 2026 and May 2027
• The staggered expiry profile provides opportunity to actively reposition rents in line with market growth
• At reversion, each 2-bed unit targets $680/week - precisely at Perth's current median unit rent ($680pw, REIWA 2025) and well-supported by a 0.5% vacancy rate (SQM Research, March 2026).
Perth's unit sector is forecast to deliver 15-20% price growth in 2026 (REIWA), driven by acute supply constraints and affordability-driven demand shifting from houses into apartments.
This asset offers investors a rare combination: income security, imminent rental growth, and an irreplaceable coastal address which supports constant lifestyle-driven tenant demand.
For Sale by Expressions of Interest
Contact the exclusive selling agents:
Stephen Harrison - Joint Managing Director | +61 421 622 777
Brett Wilkins - Director of Capital Markets | +61 478 611 168
Property History for 55 Lynn St, Trigg, WA 6029
- 12 Aug 2026Sold for $6,365,000
- 14 May 2026Listed for Rent $680 / week
- 05 May 2026Listed for Sale UNDER OFFER
Recent sales nearby
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About Trigg 6029
The size of Trigg is approximately 2.4 square kilometres. There are 12 parks, covering nearly 45.1% of the total area. The population of Trigg in 2016 was 2794 people. By 2021 the population was 2855 showing a population growth of 2.2% in the area during that time. The predominant age group in Trigg is 50-59 years. Households in Trigg are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Trigg work in a professional occupation.In 2021, 82.40% of the homes in Trigg were owner-occupied compared with 76.20% in 2016.
Trigg has 1,215 properties. Over the last 5 years, Houses in Trigg have seen a 68.09% increase in median value, while Units have seen a 35.27% increase. As at 30 September 2026:
- The median value for Houses in Trigg is $2,437,403 while the median value for Units is $1,013,420.
- Houses have a median rent of $1,100 while Units have a median rent of $750.
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