21/18 Rheola StreetWest Perth WA 6005
Property Details for 21/18 Rheola St, West Perth
21/18 Rheola St, West Perth is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a floor size of 57m2.
Last Listing description (February 2019)
**INVESTORS ONLY**
Located in West Perth and only 2 blocks from the beautiful kings park and botanic garden is Quest on Rheola. The apartment boasts a fully equipped kitchen including; oven, cooktop, rangehood and stainless steel dishdraw, master bedroom with ensuite and a large balcony.
The property is located within walking distance to Domain Stadium, Princess Margaret Hospital, The old observatory, the parliament of Western Australia and the Hay Street dining precinct which will also lead to the Perth CBD.
Rent as of 1/7/18: $377 per week ($19,604 per annum)
Next Rent Increase: 1st July 2019
Current Return: 6.22% Gross / Net 5.29%
1/7/2019: $20,388 Rental Income / 6.47% Gross
Lease Terms: Lease to 30/06/2020 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
Approximate Owner Outgoings:
Council Rates: $1254 per annum approx
Water Rates: $1100 per annum approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $580 per annum approx
Property History for 21/18 Rheola St, West Perth, WA 6005
- 20 Jun 2018Listed for Sale Not Disclosed
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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 5,856 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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