B14/62 Great Eastern Highway, Rivervale WA 6103

B14/62 Great Eastern Highway, Rivervale WA 6103
2 bed 1 bath 1 car | 64sqm in a 130-unit complex | 60% owner-occupier split | near Rivervale Primary School The property’s strongest buying case is its configuration and building profile. A two-bedroom unit in a large complex with a 60% owner-occupier ratio signals a more stable resident base than typical investment-heavy blocks, which supports both livability and future resale appeal. The 64sqm floor area is efficient without feeling cramped for a couple or small family, and the single car bay aligns with the inner-east Perth location where public transport and amenity are accessible. This unit suits first-home buyers or investors seeking a liquid holding with reasonable rental yield potential, as comparable units in the building have shown yields near 7% to 8%. The key risk is the wide value range in the data, with one outlier estimate at $906,000 that should be disregarded. The more credible evidence clusters around the high $500,000s to $600,000, meaning buyers must verify the unit’s condition, aspect, and any recent renovations to justify the upper end of that band. Strata fees and any special levies are unknown and could materially affect holding costs. The building’s age and mix of 40% renters may introduce some management variability, but the owner-occupier majority mitigates this. For a buyer, the commercial logic is straightforward: secure this unit at or below the conservative valuation, renovate if needed, and hold for rental income or eventual owner-occupier sale, as the location and configuration remain broadly appealing.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย B14/62 Great Eastern Highway, Rivervale WA 6103
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Market Insight:

Rivervale is a well-established inner suburb experiencing a notably strong and accelerating market. Recent price growth has been robust across both houses and units, with properties transacting exceptionally quickly, indicating high buyer urgency and competitive conditions. Demand is supported by its proximity to Perth and attractive rental yields, particularly for units, appealing to both owner-occupiers and investors. Future growth is tied to its established residential character and location, though its rapid price appreciation warrants monitoring for affordability constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

82mยฒ

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