FURNISHED APARTMENT IN THE SOUGHT AFTER RIVERENA BUILDING

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38/5 Rowe Avenue, Rivervale WA 6103

From $619,000

Search Band Search Visibility Band

$599k - $659k High Confidence Calculated based on strong search observations.

Apartment 2 Beds 1 Bath 1 Car

Listed: 2 days ago

Overview

Occupying a coveted corner position in the Riverena complex, this well-maintained apartment enjoys privacy with only one shared wall. A thoughtfully designed layout offers functional living spaces enhanced by quality finishes that elevate comfort and convenience.

The residence benefits from hybrid flooring in living areas paired with carpeted bedrooms, creating a balance of style and coziness. The kitchen stands out with a breakfast bar/island bench and generous inbuilt storage, perfect for meal preparation and casual dining alike. Open plan living flows seamlessly to a private balcony fitted with powered outdoor blinds, encouraging relaxed indoor-outdoor living. Additional features such as air conditioning, double glazing, stone bench tops, and ambient lighting throughout contribute to a bright and comfortable atmosphere.

Accommodation includes a master bedroom with air conditioning and a walk-in robe, while the second bedroom is equipped with mirrored built-in robes. The bathroom combines space and practicality, integrating laundry facilities with inbuilt storage. The property is complemented by one secure car bay and a lockable store room, perfect for additional belongings.

The complex itself affords secure access with fob/remote and intercom systems. Amenities include a swimming pool with sun lounges, a BBQ area, a games room complete with a pool table, and a gym, providing lifestyle benefits and community engagement opportunities for residents.

Strategically located just steps from the Swan River, residents have easy access to scenic cycle paths, walkways, and numerous conveniences including dining, transport connections, and shopping. Proximity to notable landmarks such as Crown Casino and Optus Stadium enhances appeal.

Leased until March 2027 at $780 per week, the apartment offers an immediate income stream, making it a compelling choice for investors, downsizers, first home buyers, or FIFO workers seeking a well-appointed, move-in ready home with excellent lifestyle attributes.

Local Market Insights

In Rivervale, Quiet Listings observed 25 new apartments entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $610,832. The property type mix of listed properties is predominantly Apartments at 43%, followed by houses (34%), and townhouses (14%). The most active agency for apartments in the Rivervale area is currently Bourkes, representing 56% of new listings, followed by Ray White with 12%. 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.