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173 Knutsford Avenue, Rivervale WA 6103

Sold price: $780,000 Sold: 23 Feb 2024
Sold
  • 3 Bedrooms
  • 1 Bathroom
  • 1 Car
  • Landsize 774m2
House
173 Knutsford Avenue, Rivervale WA 6103

***UNDER OFFER***

Unlock Unprecedented Potential in Rivervale's Prime Locale!

Step into a world of opportunity with this expansive land parcel, positioned in the heart of the highly coveted Rivervale area. Priced at land value, this property stands as an unbeatable proposition for savvy investors and renovators alike.

Highlight Features:
• Expansive 774sqm Land Parcel: Situated in a prime Rivervale location.
• 1940s Charm Awaiting Revival: Includes a character-filled 1940s 3x1 home in need of renovation, alongside a double garage and a versatile granny flat-adding layers of potential to the land's base value.
• High-Density Development Zone: The R20/50/100 zoning may lend itself to a range of possibilities, subject to council approval.
• Double the Potential with Adjacent Property: Seize the unique opportunity to acquire the neighbouring property at 175, which is also available for purchase to the buyer of 173, and amalgamate into a super site of 1,390sqm, enhancing any development prospects.
• Enviable Location: Enjoy proximity to Crown Casino/Towers, Optus Stadium, Ascot Racecourse, and Belmont Forum, blending tranquility with easy access to top-tier entertainment and shopping.

This property not only offers significant land value but also comes with the added benefit of existing structures, presenting a wealth of renovation or redevelopment possibilities. If amalgamated with the adjacent property, the possibilities are truly limitless, making this an unparalleled investment opportunity in Rivervale.

Act Now:

Photos, inspections, and home opens are on the horizon towards the end of this month, if not sold prior. With high demand and interest already peaking, now is the time to make your move.

Don't let this once-in-a-lifetime opportunity slip through your fingers. Contact Johnathon today for more information and to explore the full potential of this remarkable offering.

Being sold at land value only, as-is, where-is.

Transform this prime Rivervale land into your next success story!

Property features

  • Garages 1
  • Toilets 1
  • Floor area 93m2

Property snapshot by reiwa.com

This property at 173 Knutsford Avenue, Rivervale is a three bedroom, one bathroom house sold by Johnathon Bourke at ProProperty Group on 23 Feb 2024.

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.

Cost breakdown

  • Council rates: $1,452 / year
  • Water rates: $1,089 / year

Nearby schools

0.7km
Cloverdale Primary School
  • Primary
  • Government
0.8km
Belmont City College
  • Secondary
  • Government
Disclaimer

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 $800k
Median $683k
Low end $625k
7.6 %
Annual growth
$683k
Annual median sales price
$700pw
Annual median rental price

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FAQ's

173 Knutsford Avenue, Rivervale is a 3 bedroom, 1 bathroom house.

173 Knutsford Avenue, Rivervale sold on 23/2/2024 for $780,000.
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