2/2 Minora Place, Rivervale WA 6103
2/2 Minora Place, Rivervale WA 6103
Ground floor unit | 2 car spaces | 6.8% gross yield | Small complex feel | Rivervale
This is a ground-floor apartment with two dedicated car spaces, which is uncommon for a two-bedroom unit in Rivervale and gives it a practical edge for households with vehicles or those who value secure off-street parking. The recorded sale price of $405,000 and advertised rent of $530 per week point to a gross yield around 6.8%, which is a strong income signal for an investor, while the small complex setting and ground-floor access also suit a first-home buyer or downsizer looking for lower-maintenance living without the feel of a large tower. The property sits in a well-maintained, secure complex on a generous site, which supports a quieter suburban apartment character rather than high-density inner-city living.
The two-car configuration may be a key factor in how this property is valued compared to similar units with only one bay, as it broadens appeal to owner-occupiers and tenants alike. Internal finishes and exact building age are not confirmed from available evidence, so a buyer should verify the condition of kitchens, bathrooms, and flooring before forming a view on price. The ground-floor aspect may also involve some trade-offs in privacy or natural light, which could affect how the property compares to upper-level units in the same complex.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2/2 Minora Place, Rivervale WA 6103
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.