One bedroom Paragon, Perth apartment falls $85,000 from its peak 2007 price

A $215,000 Perth apartment has fallen $85,000 in price since its 2007 peak sale price.

Located at 4E/811 Hay Street, the small Paragon unit features a single bedroom, single bathroom, and living area.

It has just 41 square metre of internal floorspace.

The apartment sold for $215,000 earlier this year.

It had previously sold in 2012 for $287,000.

Its peak sale price was in 2007 at $300,000.

The latest sale is comparable to the unit's value in 2003, when it was secured for $210,000.

There was a $206,000 sale in 2000 when sold by developers Westpoint and Paragon. 

Allen Ang and Kennie Chung, from Realestate 88 Inner City, had the 2020 listing.

It was leased for $300 per week until September, so reflected a seven per cent yield.

Its asking rental was $390 in 2014.