36 Riversdale RoadRivervale WA 6103
Property Details for 36 Riversdale Rd, Rivervale
Last Listing description (July 2024)
Exclusive selling agents Realmark Commercial are pleased to present to market 36-38 Riversdale Road, Rivervale for sale via Expressions of Interest campaign closing 5pm, 28th May 2024.The property offers developers the opportunity to acquire 3,096sqm* of river fronted land, currently zoned "Special Development Precinct" under the City of Belmont LPS 15.The subject properties abut Finbars 19-storey "The Point" development and Doric Group's 12-storey "Park on Swan" development. Surrounded by thriving developments such as Aloft Perth, Arbor North, and Vantage Apartments the site is situated within a vibrant area rife with development.Benefiting from a 12-storey height limit and sold with DA submitted for a residential development consisting of 125 units. The site is unique in its location, zoning and holding income with two residential properties currently occupying the site producing $80,600pa collectively.What we love:+ Unobstructed absolute river front views+ Generous site area: 3,096sqm*+ Two (2) separate lots+ Strong holding income: $80,600pa+ 800m from Burswood train station+ Proposed DA for a 125 unit developmentDevelopment ApplicationA copy of the DA lodgment documents can be supplied upon request.SALE PROCESSThe property is being sold via 8 week "Expressions of Interest" campaign closing 5pm, 28th May 2024.For further information, please contact the exclusive listing agent below;Brent Griffiths | 0402 609 126 | bgriffiths@realmark.com.auTom Jacob | 0483 038 690 | tjacob@realmark.com.au*Approx.
Property History for 36 Riversdale Rd, Rivervale, WA 6103
- 27 Jun 2024Sold for $6,000,000
- 29 Mar 2024Listed for Sale Expression of Interest - Closing 28 May 2024.
- 10 Aug 2021Sold for $2,304,000
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About Rivervale 6103
The size of Rivervale is approximately 3.3 square kilometres. It has 15 parks covering nearly 3.2% of total area. The population of Rivervale in 2016 was 10366 people. By 2021 the population was 10897 showing a population growth of 5.1% in the area during that time. The predominant age group in Rivervale is 30-39 years. Households in Rivervale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rivervale work in a professional occupation.In 2021, 44.70% of the homes in Rivervale were owner-occupied compared with 43.80% in 2016.
Rivervale has 6,929 properties. Over the last 5 years, Houses in Rivervale have seen a 98.64% increase in median value, while Units have seen a 82.37% increase. As at 31 December 2025:
- The median value for Houses in Rivervale is $1,048,271 while the median value for Units is $638,758.
- Houses have a median rent of $750 while Units have a median rent of $670.
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