Reiwa Reiwa
2/196 Kooyong Road, Rivervale WA 6103

2/196 Kooyong Road, Rivervale WA 6103

Sold price: $330,000
Sold
Sold: 07 Jun 2023

2 Bedrooms

1 Bathroom

1 Car

Villa

Contact the agent

Ross Kretschmar

WELSH Real Estate


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

  • Carports 1
  • Toilets 1

Cost breakdown

  • Council rates: $1,341 / year
  • Water rates: $900 / year

Nearby schools

Carlisle Primary School Primary Government 0.5km
Rivervale Primary School Primary Government 1.0km
Lathlain Primary School Primary Government 1.1km
St Clare's School Secondary Non-government 1.2km
Cloverdale Primary School Primary Government 1.6km
Cloverdale Education Support Centre Primary Specialist 1.6km
St Augustine's School Primary Non-government 1.6km
Belmont City College Secondary Government 1.6km
East Victoria Park Primary School Primary Government 1.7km
East Victoria Park Education Support Centre Primary Specialist 1.7km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4706941