SOLD
RECENT ADVICE
Sold on 08 Mar 2024 for $780,000

173 Knutsford Avenue
Rivervale WA 6103

Bedrooms: 3
Bathrooms: 1
Car spaces: 5
Floor area: 93m2
Land area: 774m2
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Property Details for 173 Knutsford Ave, Rivervale

173 Knutsford Ave, Rivervale is a 3 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 774m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Rivervale in the last 12 months.

Building Type
House
Floor Size
93m2
Land Size
774m2

Last Listing description (March 2024)

Unlock Unprecedented Potential in Rivervale's Prime Locale!

Step into a world of opportunity with this expansive land parcel, positioned in the heart of the highly coveted Rivervale area. Priced at land value, this property stands as an unbeatable proposition for savvy investors and renovators alike.

Highlight Features:

• Expansive 774sqm Land Parcel: Situated in a prime Rivervale location.
• 1940s Charm Awaiting Revival: Includes a character-filled 1940s 3x1 home in need of renovation, alongside a double garage and a versatile granny flat-adding layers of potential to the land's base value.
• High-Density Development Zone: The R20/50/100 zoning may lend itself to a range of possibilities, subject to council approval.
• Double the Potential with Adjacent Property: Seize the unique opportunity to acquire the neighbouring property at 175, which is also available for purchase to the buyer of 173, and amalgamate into a super site of 1,390sqm, enhancing any development prospects.
• Enviable Location: Enjoy proximity to Crown Casino/Towers, Optus Stadium, Ascot Racecourse, and Belmont Forum, blending tranquility with easy access to top-tier entertainment and shopping.

This property not only offers significant land value but also comes with the added benefit of existing structures, presenting a wealth of renovation or redevelopment possibilities. If amalgamated with the adjacent property, the possibilities are truly limitless, making this an unparalleled investment opportunity in Rivervale.

Act Now:

Photos, inspections, and home opens are on the horizon towards the end of this month, if not sold prior. With high demand and interest already peaking, now is the time to make your move.

Don't let this once-in-a-lifetime opportunity slip through your fingers. Contact Johnathon today for more information and to explore the full potential of this remarkable offering.

Being sold at land value only, as-is, where-is.

Transform this prime Rivervale land into your next success story!

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Property History for 173 Knutsford Ave, Rivervale, WA 6103

A timeline of how this property has performed in the market
Last Sold
$780,000
08 Mar 2024
  • 23 Feb 2024
    Sold for $780,000
  • 09 Feb 2024
    Listed for Sale ***UNDER OFFER***
  • 15 Mar 2004
    Sold for $315,750
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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 6,896 properties. Over the last 5 years, Houses in Rivervale have seen a 69.38% increase in median value, while Units have seen a 72.44% increase. As at 31 October 2024:

  • The median value for Houses in Rivervale is $850,170 while the median value for Units is $543,942.
  • Houses have a median rent of $750 while Units have a median rent of $615.
There are currently 80 properties listed for sale, and 19 properties listed for rent in Rivervale on OnTheHouse. According to CoreLogic's data, 556 properties were sold in the past 12 months in Rivervale.

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Johnathon Bourke
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