OFF MARKET

4/92 Norwood Road
Rivervale WA 6103

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 84m2
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Property Details for 4/92 Norwood Rd, Rivervale

4/92 Norwood Rd, Rivervale is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 84m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in March 2013.

Building Type
Unit
Year Built
2014
Floor Size
50m2
Land Size
84m2
Local Government
Belmont
Lot/Plan
4/S065148

Last Listing description (March 2013)

Selling Fast - Don't Miss Out!
The 1 bedroom, 1 bathroom Norwood Apartments offer an investment opportunity that simply makes sense. The small development of just 9 apartments keeps strata fees to a minimum and management simple. The suburb of Rivervale sits on the doorstep of the Perth CBD and Swan River. It displays a history of consistent capital growth and strong rental yields due to easy access for residents to employment and entertainment districts. Rivervale???s amenity continually improves and these properties are designed to target the large and growing lone person and 2 person household demographic.
??? Projected gross yields assessed at 6% plus for 1 bedroom apartments.

??? Suitable for Self-Managed Super Funds as purchase is by way of a one part contract.
??? Historically high capital growth location.
??? Only 10% deposit required to secure your property.
??? Modern high quality apartment fit outs.
??? Higher than standard ceiling heights.
??? Air conditioning as standard.
??? Stone benchtops to kitchens.
??? Off plan purchase method.
??? Construction due to commence in April 2013.

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Property History for 4/92 Norwood Rd, Rivervale, WA 6103

A timeline of how this property has performed in the market
Last Sold
$340,000
25 Mar 2013
  • 25 Mar 2013
    Sold for $340,000
  • 15 Feb 2013
    Listed for Sale 340000

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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 6,728 properties. Over the last 5 years, Houses in Rivervale have seen a 67.83% increase in median value, while Units have seen a 68.12% increase. As at 31 August 2024:

  • The median value for Houses in Rivervale is $825,936 while the median value for Units is $526,540.
  • Houses have a median rent of $700 while Units have a median rent of $600.
There are currently 57 properties listed for sale, and 19 properties listed for rent in Rivervale on OnTheHouse. According to CoreLogic's data, 516 properties were sold in the past 12 months in Rivervale.

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