FOR SALE
$5,000,000

78 Roberts Road
Rivervale WA 6103

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 2023m2
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Investment Property in highly sought after Central Location!

The property is located on Roberts Road just around the corner from major shopping centre's with all major services being in close proximity.
Situated in the City of Belmont on 1 title, zoned residential (R20/40) with the property size of 2023m2.
The 5 unit residential facility was built in 1976, Construction material is brick and tile. Each unit has a 2 bedroom, 1 bathroom, 1 WC, courtyard and single undercover car parking configuration. The majority of the units have been renovated in recent years.
The units are currently tenanted with a 12-month periodic tenancy in place.
The property is conveniently located and close to all public transport options, the international and domestic airports, Crown Casino and Optus Stadium.
Given its location, this property offers an exciting investment opportunity, with the option to hold and retain the individual units as they are or alternatively look to redevelop the site and upgrade the accommodation to a newer standard.
Council rates for the property are $7,646.59 for 2024/25.
The property is listed for sale at $5,000,000.
For further information and to arrange an inspection of this property, please contact Joe Galantino on 0428 424 351.

Property Details for 78 Roberts Rd, Rivervale

78 Roberts Rd, Rivervale is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 2023m2. The place is currently for sale with Nutrien Harcourts WA.

Building Type
House
Land Size
2023m2

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About Rivervale 6103

The size of Rivervale is approximately 3.3 square kilometres. It has 15 parks covering nearly 3.2% of total area. The population of Rivervale in 2011 was 8,402 people. By 2016 the population was 10,389 showing a population growth of 23.6% in the area during that time. The predominant age group in Rivervale is 20-29 years. Households in Rivervale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rivervale work in a professional occupation. In 2011, 46.3% of the homes in Rivervale were owner-occupied compared with 43.8% in 2016.

Rivervale has 6,913 properties. Over the last 5 years, Houses in Rivervale have seen a 70.32% increase in median value, while Units have seen a 70.13% increase. As at 30 November 2024:

  • The median value for Houses in Rivervale is $854,776 while the median value for Units is $552,882.
  • Houses have a median rent of $750 while Units have a median rent of $620.
There are currently 73 properties listed for sale, and 19 properties listed for rent in Rivervale on OnTheHouse. According to CoreLogic's data, 566 properties were sold in the past 12 months in Rivervale.

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Joe Galantino
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William Morris
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Nutrien Harcourts WA
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