6/5 Rowe Avenue, Rivervale WA 6103

6/5 Rowe Avenue, Rivervale WA 6103
1 bed, 1 bath, 1 car | built 2020 | oversized courtyard | leased $800/week | resort amenities This is a near-new apartment with a genuinely rare feature: an oversized courtyard that transforms the living experience beyond a standard balcony. Built in 2020, the property sits within an architecturally designed complex that includes a pool and games room, offering a lifestyle package that is hard to find in this configuration. The wood-look flooring, high ceilings, and split-system air conditioning give it a quality finish that appeals strongly to owner-occupiers and downsizers who want low-maintenance living without sacrificing space or amenity. Its location in Rivervale places it close to the Swan River, the CBD, and the airport, making it well suited to professionals or investors targeting a connected, amenity-rich lifestyle. The property is currently leased at $800 per week until December 2026, which provides immediate income certainty for an investor. However, the gap between the last sale price of $492,000 in August 2024 and the current asking range may raise questions about value growth in such a short period. The courtyard and resort facilities are strong differentiators, but a buyer should weigh whether the premium over standard one-bedroom stock is justified by the lifestyle benefits and rental return. The lease term may also limit immediate owner-occupier access, which could affect demand from that buyer group.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 6/5 Rowe Avenue, 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

1

Bathroom

1

Parking

1

Land

109mยฒ

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