53/18 Tanunda Drive, Rivervale WA 6103
53/18 Tanunda Drive, Rivervale WA 6103
This is a three-bedroom, two-bathroom apartment with two car spaces on a 165-square-metre lot, built in 2007 and recently renovated. It sits in the established Avena complex on a sought-after street in Rivervale, a suburb with steady demand for larger units. The configuration is consistent with other apartments in the same building, offering a practical floorplan that suits both families and investors. Its listing price positions it within the middle range for similar properties in the area, reflecting a balance of size, condition, and location.
What is competitively strong is the recent renovation, which reduces immediate maintenance costs and gives the interior a modern feel without requiring buyer upgrades. The two car spaces are a genuine advantage in this suburb, where parking can be a constraint for families or households with multiple vehicles. The property serves best a buyer seeking a move-in-ready home or an investor targeting consistent rental demand from professionals or small families. Its position in a quiet street within a well-maintained 2007 complex offers a stable neighbourhood character that appeals to those who value established surroundings over new developments.
The property’s value may be influenced by its floor level, as a ground or low-floor unit can affect privacy, natural light, and noise exposure compared to higher apartments. The absence of confirmed shared amenities like a pool or gym might narrow its appeal to buyers who prioritise low-maintenance living over resort-style features. Rental yield, while not guaranteed, could be shaped by the local market’s appetite for three-bedroom apartments; if comparable units achieve rents around 800 dollars per week, the gross return may fall within a reasonable range for the area. These factors should be weighed when forming a view on price, as they affect both desirability and long-term investment performance.
Detailed Independent Property Report prepared by PropCred Analyst team for 53/18 Tanunda Drive, Rivervale WA 6103
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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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
3
Bathroom
2
Parking
2
Land
165m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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