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1P12624, Rivervale WA 6103

SUITS BUYERS IN THE $500,000's

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$500k - $550k High Confidence Calculated based on strong search observations.

Apartment 1 Bed 1 Bath 1 Car 85 m² 50 m²

Listed: 4 days ago

Updated: 2 days ago

Overview

Located in the urban precinct of The Springs in Rivervale, this modern one-bedroom apartment caters to a variety of buyers including first-home buyers, professionals, city commuters, and investors. Its contemporary design delivers low-maintenance living combined with practical and stylish amenities, offering a secure lifestyle in an exceptionally convenient setting with an existing rental income stream.

The interior showcases an open-plan layout integrating the kitchen, dining, and living areas, which is enhanced by hybrid timber-look flooring that balances aesthetics and durability. The kitchen is well-equipped with stone benchtops, a tiled splashback, gas cooktop, separate oven, integrated rangehood, dishwasher, and ample storage options, supporting both daily living and entertaining needs.

A covered balcony extends the living space outdoors, ideal for relaxing or small gatherings while enjoying natural airflow and shelter from the elements. Additionally, the apartment includes a Euro laundry located externally for functional practicality.

The bedroom features plush carpet and a walk-in wardrobe, which increases storage and comfort. The adjoining bathroom is finished with contemporary fittings including a shower, vanity, and toilet. Other conveniences include split-system air-conditioning, quality window treatments, downlighting, tiled bathroom floors, a secure basement parking bay with remote access, and a separate storeroom.

The Springs compliments the home’s offerings with amenities such as shopping, cafés, restaurants, and communal barbecue facilities, fostering a vibrant community atmosphere. Nearby parks and natural features, including Cracknell Park and the Swan River, provide green spaces for exercise and leisure. Commuting is streamlined with easy access to major transport routes, Perth Airport, entertainment complexes, and the city center.

For investors, the property is currently tenanted until July 2027, providing secure income at $660 per week. Overall, this apartment represents a thoughtful blend of style, functionality, and location, appealing to those seeking a lock-and-leave lifestyle in a well-connected precinct.

Local Market Insights

In Rivervale, Quiet Listings observed 18 new apartments entering the market over the last 30 days, down from 24 during the previous 30-day period, with an average advertised asking price of $634,944. The property type mix of listed properties is predominantly Apartments at 55%, followed by houses (18%), and units (9%). The most active agency for apartments in the Rivervale area is currently Banovich Hillman, representing 17% of new listings, followed by Ljhooker with 11%. 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.