202/18 Rheola StreetWest Perth WA 6005
Property Details for 202/18 Rheola St, West Perth
202/18 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 102m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in February 2024.
Last Listing description (November 2023)
Located in West Perth, Quest on Rheola offers the best of Perth?s CBD as well as the city?s notable natural surroundings, year-long sunshine and easy-living. A short walk to Kings Park Botanic Gardens as well as plenty of shopping destinations, there are plenty of ways to spend your day. Quest on Rheola is right next to some of Perth?s finest, including HBF stadium, the CBD, the University of Western Australia & many restaurants, caf?s & bars. With an array of entertainment close by, West Perth truly highlights the best on offer.
This open plan two bedroom apartment offers bright, neat and modern living. With new ;paint and carpet installed late 2021, white modern kitchen complete with stainless steel appliances and two spacious bedrooms, master with full ensuite.
The open lounge/ dining room provides a spacious everyday living zone, plus private outdoor south/ west balcony and car park on title its an entry level two bedroom investment.
Totally 80m2 and with 4% increases until 2025- its a secure WA investment.
Current Rent: $428 pw - $22,301 pa.
Rent Return: 6.28% Gross / 4.87% Net
Increases as follows:
August 2024 + 4% = $ 446 pw
August 2025 - Market Review
Leased to August 2025 with 3 x 5 yr options.
**Net returns do not include government taxes**
Approximate Owner Outgoings:
Council Rates: $1377 pa
Water Rates: $1980 pa
Body Corporate Admin Fee: Paid by Tenant
Body Corporate Sinking Fund: $1632 pa
Should you require any further information please don't hesitate to contact me via return email or the contact numbers below.
Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information containeAd has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.
Property History for 202/18 Rheola St, West Perth, WA 6005
- 01 Feb 2024Sold for $320,000
- 07 Jul 2023Listed for Sale Not Disclosed
- 05 Jul 2005Sold for $350,000
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0About 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 5,856 properties. Over the last 5 years, Houses in West Perth have seen a 56.64% increase in median value, while Units have seen a 60.89% increase. As at 31 March 2026:
- The median value for Houses in West Perth is $1,448,435 while the median value for Units is $732,330.
- Houses have a median rent of $838 while Units have a median rent of $720.
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