99/5 Rowe Avenue Rivervale WA 6103

Modern 2020 build | 158sqm strata with dual secure parking | River glimpses from balcony | Gym and pool in complex | Belmont City College catchment This apartment presents a rare configuration advantage in the Rivervale market: a three-bedroom, two-bathroom floorplan with two secure garage spaces within a 2020-built complex. For a buyer seeking lock-and-leave living without sacrificing space or parking, this property competes directly against older villas and smaller units in the same price corridor. The river glimpses and open-plan layout, combined with complex amenities like gym and pool, position it strongly for professional couples or small families who value lifestyle proximity to the city. The short holding period of the prior owner suggests either a change in circumstance or a deliberate exit, but the underlying demand character for this unit type remains solid given limited supply of three-bedroom apartments with dual parking in this corridor. The primary risk is the flood and heritage overlay, which may constrain future redevelopment or insurance costs, though for a 2020 build these are largely priced in. The recent comparable sale of Unit 86 at $800,000 indicates the market has moved upward, but the estimated value of $1,002,000 sits at the upper end of the range and requires careful negotiation. The opportunity lies in the rental yield potential—estimated at $885 per week—which, if achieved, offers a gross return above 4.5 percent in a market where many apartments yield under 4 percent. For a buyer, this property is best held as a medium-term residence with the option to transition to an investment-grade rental once personal use concludes.