OFF MARKET

505/18 Rheola Street
West Perth WA 6005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 75m2
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Property Details for 505/18 Rheola St, West Perth

505/18 Rheola St, West Perth is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 75m2. While the property is not currently for sale or for rent, it was last sold in September 2015.

Building Type
Unit
Year Built
2005
Land Size
75m2
Local Government
Perth
Lot/Plan
26/S047953

Last Listing description (February 2016)

*** INVESTMENT ONLY ***
Viewing By Appointment Only
Located in the heart of West Perth, this well laid out and modern apartment is perfect for anyone looking for a great combination of yield and growth from an inner city investment OR something to contribute for years to come within your self-managed super fund.

This property offers guaranteed income, low outgoings, and great depreciation benefits - all at an amazing price and within one of West Perth's quietest and best located streets. Residentially zoned and managed by Quest, the apartment has a long term lease of 25 years in place.
Offering the owner a simple hassle free property, with solid returns and minimum of risk.
If a standout apartment investment is currently on the cards, then don't hesitate, this one won't last long!
Features:
- 5th floor apartment
- 1 Bed, 1 Bath, 1 Car Bay
- Internal 52sqm
- External 7sqm
- Modern and well-equipped
- Furniture an option to buy
- Open plan living
- Large balcony
- Stone bench tops
- Built in robes
- Reverse cycle air-conditioning
- Dishwasher

For further information about the properties financials, please contact Doug Shannon on 0416 557 780 or dshannon@realmark.com.au

Property History for 505/18 Rheola St, West Perth, WA 6005

A timeline of how this property has performed in the market
Last Sold
$235,000
08 Sep 2015
  • 08 Sep 2015
    Sold for $235,000
  • 03 Jul 2015
    Listed for Sale OFFERS ABOVE $239,000
  • 09 Oct 2003
    Sold for $267,500

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About West Perth 6005

The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2011 was 5,167 people. By 2016 the population was 5,618 showing a population growth of 8.7% in the area during that time. The predominant age group in West Perth is 20-29 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation. In 2011, 34.7% of the homes in West Perth were owner-occupied compared with 33% in 2016.

West Perth has 5,779 properties. Over the last 5 years, Houses in West Perth have seen a 40.02% increase in median value, while Units have seen a 37.74% increase. As at 31 October 2024:

  • The median value for Houses in West Perth is $1,050,180 while the median value for Units is $570,414.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 72 properties listed for sale, and 34 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 363 properties were sold in the past 12 months in West perth.

Suburb Insights for West Perth 6005

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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.