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1st Home or Investment? Your Choice, Your Timing
Whether you're stepping into home ownership or expanding your investment portfolio, this one-bedroom residence at FLO Rivervale offers the perfect timing and flexibility. Currently leased at $600 per week until January 2026, it’s a ready-made cashflow asset with a happy tenant in place—or a future home waiting for your personal touch.
Inside, you’ll find a thoughtfully designed open-plan layout with air-conditioned living and dining, a well-appointed kitchen featuring stone benchtops, and bamboo flooring that adds warmth and eco-conscious style. The bedroom includes a built-in robe, and the separate laundry with washer/dryer enhances everyday convenience.
Step out onto your private balcony and enjoy the peace of a green-focused development that puts lifestyle and sustainability first.
Property At a Glance:
- Built in 2015, 4th level, West Aspect
- Currently leased at $600/w unfurnished, until Jan 2026
- Open plan dining and living room with Air Conditioning
- Large private balcony—perfect for outdoor entertaining
- Master bedroom with walk-in robe
- Separate laundry with washer/dryer
- Kitchen with stone bench tops, bamboo flooring throughout living areas
- Solar heated swimming pool, gym, BBQ facilities
- Australia's largest residential Solar Power system with 2kw of solar power delivered
to every apartment
Strata Areas & Outgoings:
- Internal: 54sqm, Balcony: 16sqm, Car Bay: 13sqm, Storeroom: 4sqm, Total: 87sqm
- Council Rate:$1,659 p.a
- Water Rate: $1,092 p.a
- Strata Levy: $1,310 p.q (incl. reserve fund)
This complex is powered by solar panels and features a solar-heated swimming pool—delivering lower energy costs and a lighter environmental footprint. Residents also enjoy access to a gym, BBQ facilities, and beautifully landscaped communal spaces that reflect FLO’s commitment to sustainable living.
DISCLAIMER:
All distances are estimations obtained from Google Maps. All sizes of the property are architectural, estimated, and buyers should rely on their own measurements when onsite. All outgoings are approximate and subject to change without notice.
Property features
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Below ground pool
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Air conditioned
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Garages
1
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Floor area
87m2
Property snapshot by reiwa.com
This property at 53/2 Rowe Avenue, Rivervale is a one bedroom, one bathroom apartment sold by Terry Lu at Realestate 88 on 22 Nov 2025.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Rivervale or see other recently sold properties in Rivervale.
Cost breakdown
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Council rates: $1,659 / year
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Water rates: $1,092 / year
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Strata fees: $1,310 / quarter
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
$975k
Low end
$850k
16.0 %
Annual growth
$975k
Annual median sales price
$750pw
Annual median rental price
