Sold
2/196 Kooyong Road, Rivervale WA 6103
Sold price: $330,000
Sold: 07 Jun 2023
Sold
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2 Bedrooms
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1 Bathroom
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1 Car
Villa
View
GOING going , who's the sensible one ?
I may have to buy this property myself ! Yes its only been on the market a few days yet I can not believe it is still for sale. The land component is worth more than the asking price, THATS A TICK, you get a solid 2 bed villa built in 1975 "that's when houses were built properly" for a price where mortgage is less than rent. HELLO!! Potential rent for investors over 1% of Sale Price, around the $400 per week mark (maybe more), low maintenance and owning a third of 1277m2 corner block zoned R20/40 adds to the investment appeal. Just imagine if you secured the other two units down the track. You'd be sitting on a small goldmine.
1st Homebuyers, stop paying ridiculous rents when you could be paying off your own home. This property has a large land portion which makes it so much better than a unit with a balcony or just a courtyard. There's a private backyard to do lots in. If you have a dog or kids, perfect, they wont escape. Investors take note, renting out allowing a dog gets you great tenants who pay more rent & generally look after things well.
Located on the corner of Kooyong and Alexander, which is a high frequency bus route, no need for a car. Belmont Forum is walking distance as is Kooyong Road Shopping Precinct. Schools are a 3 minute drive. Big parklands for dog lovers 300 metres away.
This 2 bedroom villa is a part of only three.
• Two bedroom, main with built in robe and ceiling fan
• One bathroom, separate toilet
• Two car bays, one under cover
Please 1st homebuyers, beat the investors on this one as the rear yard is not only a generous size but very private. It could become a wonder land for the right person and inside could be improved cheaply as well.
It's an absolute ripper!!
I am taking details of interested buyers, 1st inspection will be a Home Open on Saturday 3rd June
Property features
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Carports
1
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Toilets
1
Property snapshot by reiwa.com
This property at 2/196 Kooyong Road, Rivervale is a two bedroom, one bathroom villa sold by Ross Kretschmar at WELSH Real Estate on 07 Jun 2023.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Rivervale or see other recently sold properties in Rivervale.
Cost breakdown
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Council rates: $1,341 / year
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Water rates: $900 / year
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
$820k
Median
$696k
Low end
$629k
This listing
9.5 %
Annual growth
$696k
Annual median sales price
$687pw
Annual median rental price
