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154 Belmont Avenue, Rivervale WA 6103

Expressions Of Interest

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$1.5M - $2M Medium Confidence Calculated based on our search observations.

Land 5 Beds 1 Bath 6 Cars 970 m²

Listed: 18th Aug 2026

Updated: 2 hours ago

Overview

This substantial 970 square metre land parcel in Rivervale represents a rare and highly flexible development opportunity within a designated R20/50/100 Town Centre zoning. Its location in the City of Belmont offers potential for both medium and high density residential schemes, subject to planning approval and possible density bonuses.

Investors and developers will appreciate the dual potential of this site, which accommodates multiple options for residential construction. The site supports development of up to five townhouses featuring two to three bedrooms each, ideal for small families or downsizers seeking modern, low-maintenance homes. Alternatively, the property could be transformed into an apartment complex comprising eight to ten units, including one and two-bedroom configurations, well suited to young professionals or investors seeking rental income opportunities.

Complementing these possibilities is the generous parking provision, with space for six vehicles, enhancing the liveability and appeal for residents with multiple cars or visitors. The location affords convenient access to surrounding amenities and infrastructure, further strengthening the site's value and versatility within Rivervale's growing residential market.

This offering provides a compelling blend of size, zoning, and strategic location, presenting a unique prospect for developers aiming to capitalize on anticipated growth and urban consolidation within this vibrant town centre precinct.

Local Market Insights

In Perth - South East, Quiet Listings observed 58 new parcels of land entering the market over the last 30 days, up from 28 during the previous 30-day period, with an average advertised asking price of $805,698. The property type mix of listed properties is predominantly Houses at 67%, followed by apartments (9%), and units (7%). The most active agency for land in the Perth - South East area is currently Rodway Group, representing 31% of new listings, followed by Tilt Commercial with 28%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.