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Sold on 19 Jul 2024 for $405,000

148/1 Rowe Avenue
Rivervale WA 6103

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 48m2
Land area: 85m2
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Property Details for 148/1 Rowe Ave, Rivervale

148/1 Rowe Ave, Rivervale is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 85m2 and floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Apartment sold in Rivervale in the last 12 months.

Building Type
Apartment
Floor Size
48m2
Land Size
85m2
Local Government
Belmont
Lot/Plan
148/S067510

Last Listing description (July 2024)

This ninth floor apartment with panoramic views may prove to be an awesome investment.
"Arbor North" was built in 2015 within the "Springs" precinct. Walk to cafes, eateries,microbrewery, Casino and Optus stadium.

Completely secure unit being on the ninth floor, several electronic gates for under cover parking and security fobs to move within the complex.Storeroom for the bike or kayak and extra parking for visitors.

The amenities in the complex are superb, including a 15 meter heated swimming pool, Sauna, Gymnasium,indoor communal area with pool table and kitchen.
The 1st floor has a very unique and massive garden retreat.8th floor has has a viewing platform with views to kill for.

The location is simply first class with the Swan River metres away, having a cycle track or just for a leisurely stroll.
Recent capital growth for most properties has been double digit yet apartments have been left behind somewhat.Jump in now and catch the capital growth wave apartments are sure to experience.

The one bedroom apartment comes with a dishwasher, refrigerator, clothes washing machine and dryer.Currently rented to an international pilot @ $472.50 per week until 16/04/2025.Rent Increase by a further 5% in October 2024.

Be sure to view the video.
Buyers inspecting at home opens need to be at the front foyer at the home open start time as the agent can not go up & down nine floors with buyers in the apartment, thank you.

Council rates $1589.52 pa
Water rates $1074.00 pa
Strata Fee $1284.29 pq
Reserve fund $82.50 pq

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

Property History for 148/1 Rowe Ave, Rivervale, WA 6103

A timeline of how this property has performed in the market
Last Sold
$405,000
19 Jul 2024
Listed for Rent
$430/w
28 Mar 2023
  • 25 Jun 2024
    Sold for $405,000
  • 31 May 2024
    Listed for Sale Buyers From $399,000
  • 14 Mar 2023
    Listed for Rent $430 / week
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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 6,725 properties. Over the last 5 years, Houses in Rivervale have seen a 65.23% increase in median value, while Units have seen a 55.39% increase. As at 31 July 2024:

  • The median value for Houses in Rivervale is $813,472 while the median value for Units is $498,660.
  • Houses have a median rent of $690 while Units have a median rent of $600.
There are currently 59 properties listed for sale, and 22 properties listed for rent in Rivervale on OnTheHouse. According to CoreLogic's data, 528 properties were sold in the past 12 months in Rivervale.

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Ross Kretschmar
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The Agency Perth
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.