24/18 Tanunda Drive, Rivervale WA 6103

High-floor riverfront apartment | Bushfire & flood overlays | Belmont City College intake | Recently listed for sale This sixth-floor apartment offers a rare riverfront position within its complex, providing superior views and a sense of space uncommon in Rivervale. Built in 2007, the three-bedroom layout with two car spaces suits a professional couple or small family seeking a low-maintenance home with strong capital growth potential, supported by its location in a high-demand suburb with limited new comparable supply. The property carries material risk through its bushfire and heritage overlays, which may increase insurance costs and limit renovation potential. The significant variance in estimated internal area requires physical verification. Given the premium for its position and the million-dollar price bracket, this unit is best acquired as a long-term primary residence to justify the outlay and mitigate strata costs against the complex’s substantial shared land holding. A comparable unit in the same complex, 9/18 Tanunda Drive, has an estimated value of $976,000. This unit is on a lower floor with a smaller lot size. The $265,000-$375,000 gap between its last sale price and current estimates indicates substantial appreciation, though this also reflects the premium for a high-floor, river-facing position. This differential must be justified by the tangible benefits of the superior aspect.