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Location, Lifestyle and Development Potential
With government economic incentives and ongoing residential and commercial restructuring in the area and surrounding suburbs, this duplex property is placed in a strategically great financial position. Buy this duplex to live, to invest and to develop to create wealth, it has value for money as a development property and a great investment for home-owners, investors and developers who are looking to secure convenient living and great potential at one go.
Currently 93A is tenanted till November 2020, 93B is tenanted till Feb 2021, perfect for developers to get your plans approved while having income coming in.
Features of the property:
*Duplex with two 3×1 original 1976 houses
*Huge development block size of 1042sqm zoned R20/40 (subject to *council and WAPC approval)
*Open plan living area adjoins kitchen and dining area
*Robes in bedroom all bedrooms
*Large backyard with enclosed patio and garden shed
*Perfect location to all amenities:
*Walking distance to Rivervale IGA, 935 bus stop, Orrang Rd and Great Eastern Hwy
*5km to Crown Casino complex
*3km to Belmont Forum Shopping Centre
*5km to Victoria Park cafes, restaurants and shops
*7km to Perth CBD
*4km to Perth Domestic Airport
*Surrounded by shops, public transport, parklands, education facilities, restaurants and fast food outlets.
*Multiple Potential Development Options (STCA)
1). Retaining the existing dwelling and build two houses at the rear.
2). Create 4 good size Survey Strata title lots.
3). Build 4 townhouses or strata houses.
Bonus: Take advantage of the new building grants from Federal and State government!
Federal Government Grant: $25,000
State Government Grant: $20,000
First Home Buyer’s Grant: $10,000
*Conditions apply
To book your inspection or further information contact Jina Zou 0488 700 572 or Roy Li on 0415 007 588.
Property features
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Air conditioned
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Shed
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Dishwasher
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Alfresco
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Garages
2
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Carports
2
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Toilets
2
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Outdoor entertaining
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Built in wardrobes
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Gas HWS
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Sewer connected
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Dining
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Kitchen
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Lounge/dining
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Verandah
Property snapshot by reiwa.com
This property at A&B/93 Norwood Road, Rivervale is a six bedroom, two bathroom house sold by Roy Li and Jina Zou at Ideal Realty WA on 25 Nov 2020.
Looking to buy a similar property in the area? View other six 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
$910k
Median
$760k
Low end
$658k
14.7 %
Annual growth
$760k
Annual median sales price
$740pw
Annual median rental price
