Sold
170 Alexander Road, Rivervale WA 6103
Sold price: $1,750,000
Sold: 13 Jun 2025
Sold
-
3 Bedrooms
-
1 Bathroom
-
1 Car
-
Landsize 1,224m2
House
View
Multi-Income Investment with DA & Future Development Upside
1,224sqm Corner Site | R20/50/100 Zoning | Offers Invited
Sterling Property is pleased to offer 170 Alexander Road, Rivervale - a rare opportunity to acquire a large, income-generating corner site with approved development potential in one of Perth’s most dynamic inner-east growth corridors. This opportunity is For Sale via an offers invited campaign closing at 3pm on Thursday 5th June 2025, unless sold prior.
Comprising three separate 3x1 homes on one freehold title, the property generates a combined $101,400 per annum (approx) in residential income, providing a secure holding return while exploring future development options.
The generous 1,224sqm landholding is zoned R20/50/100, allowing for high-density residential redevelopment. A current Development Approval for a Build-To-Rent scheme is in place, though the flexible zoning presents a wide range of possibilities including townhouses, apartments, or subdivision (STCA).
Key Features:
• 1,224sqm corner site* with dual street frontage
• R20/50/100 zoning – strong redevelopment flexibility
• Existing Development Approval for Build-To-Rent
• Three tidy 3-bedroom homes generating $101,400 p.a. (approx)
• Single freehold title, simplified management and ownership
• Located just 700m from Belmont Forum
• Close to Perth CBD, airport, and major employment hubs
• Median House Price: $820,000 | Median Rent: $700pw
Location Highlights:
• 700m to Belmont Forum
• Close to Great Eastern Hwy, Tonkin Hwy & Graham Farmer Fwy
• Proximity to Perth Airport, Optus Stadium, and local parks
• Strong rental growth and buyer demand in Rivervale
• Access to public transport, schools, and green space
For additional information or to request a copy of the IM please contact the exclusive Selling Agents Simon Brady or Vincent Siciliano
Property features
-
Carports
1
-
Floor area
11,370m2
Property snapshot by reiwa.com
This property at 170 Alexander Road, Rivervale is a three bedroom, one bathroom house sold by Simon Brady at Sterling Property on 13 Jun 2025.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Rivervale or see other recently sold properties in Rivervale.
Nearby schools
Rivervale overview
Rivervale is a predominantly residential area spanning three square kilometres. Established in the 1840s, significant residential development did not occur until the 1950s and 1960s.
Life in Rivervale
Rivervale's family-friendly lifestyle is an appealing feature of the inner-city suburb. There are numerous parks and ovals, such as Wilson Park, which features a number of netball courts open for public use, as well as a playground and community centre.
The Kooyong Road Shopping Strip features a large IGA, chemist, butcher, post office, take away food outlets, with the Belmont Forum the closest shopping centre. There are two local schools in Rivervale including St Augustine's Primary School and Rivervale Primary School. Many homes in the suburbs are also catered for by the nearby suburbs schools such as Carlisle and Lathlain.
Rivervale quick stats
High end
$1.2m
Median
$970k
Low end
$850k
15.4 %
Annual growth
$970k
Annual median sales price
$750pw
Annual median rental price
