201/18 Rheola StreetWest Perth WA 6005
Property Details for 201/18 Rheola St, West Perth
201/18 Rheola St, West Perth is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 82m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in August 2005.
Last Listing description (March 2025)
Don't miss out on this fantastic opportunity for astute investors. This second-floor apartment boasts two bedrooms, two bathrooms, and a prime location on the West Perth-Subiaco border. Built-in 2005, 18 Rheola Street has a proven track record as top-quality, well-situated short-stay accommodation. Managed by Quest, the property offers a steady income and a strong "Gross Return".Current Lease Term: 01/08/2020 - 31/07/2025 (with options)Current Rental Return: $27,825.36 per annumPlease note that the apartment is zoned for short-term rentals (3 months or less).Additional Costs:- Strata Fees: $5721.80 per annum- Council Rates: $1377.40 per annum- Water Rates: $655.37 per annumTake advantage of this opportunity and contact Stacie today to discuss further.
Property History for 201/18 Rheola St, West Perth, WA 6005
- 14 Sep 2024Listed for Sale Offers
- 22 May 2024Listed for Sale Offers Invited
- 28 Jul 2023Listed for Sale Offers Invited
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About West Perth 6005
The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2016 was 5608 people. By 2021 the population was 6102 showing a population growth of 8.8% in the area during that time. The predominant age group in West Perth is 30-39 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation.In 2021, 33.70% of the homes in West Perth were owner-occupied compared with 33.00% in 2016.
West Perth has 5,853 properties. Over the last 5 years, Houses in West Perth have seen a 62.17% increase in median value, while Units have seen a 60.91% increase. As at 30 April 2026:
- The median value for Houses in West Perth is $1,502,415 while the median value for Units is $744,034.
- Houses have a median rent of $838 while Units have a median rent of $725.
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