503/18 Rheola StreetWest Perth WA 6005
Property Details for 503/18 Rheola St, West Perth
503/18 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 98m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 2 bedroom Unit sold in West Perth in the last 12 months.
Last Listing description (September 2025)
Investment Only - Not for owner occupier.
This apartment is a premium addition to your investment portfolio that offers you a secure and predictable investment backed by a fixed rental return. Situated on the fifth floor of a quality-built complex, this two-bedroom, two-bathroom apartment is managed by Quest, a well-regarded name in short-stay accommodation. With Quest overseeing operations and a fixed lease agreement in place, your income is not only reliable but consistent - regardless of occupancy fluctuations in the market.
Step into effortless city living with this beautifully presented apartment offering a fresh, modern aesthetic and an abundance of natural light. The open-plan living and dining area features carpeted flooring and floor-to-ceiling sliding glass doors that open onto a private balcony, perfect for relaxing or entertaining with a leafy outlook and glimpses of the skyline.
The sleek, fully equipped kitchen is designed with functionality in mind, boasting ample storage, stainless steel appliances including a built-in oven, electric cooktop, microwave recess, and dishwasher, all set against crisp white cabinetry and tiled splashback.
The bathrooms are both stylish and practical, fitted with a glass-framed shower, modern vanity with under-sink storage, and clean contemporary tiling, offering a fresh and inviting space.
Offering comfort, convenience, and a prime position close to local amenities, public transport, and city attractions.
Built in 2005 and operated under a professionally managed lease, this property requires no active involvement from you as the owner. Quest handles all guest services, maintenance, and operational logistics, making it a truly passive investment. The fixed rental return structure provides a sense of financial certainty that's especially valuable for SMSF buyers or those looking to diversify with minimal risk and effort.
Opportunity:
No management fees
No letting fees
No strata admin levies
Guaranteed weekly rent
Lease Details:
Rent: $480 per week - $25,050 pa (July 1 2025)
July 2026 + 4% = $499 per week - $26,052 pa
July 2027 + 4% = $519 per week - $27,094 pa
July 2029 + 4% = $540 per week - $28,177 pa
June 2030- Market Review.
Lease Terms: Lease to 30/06/2030 with 2 x 5 year options
Location:
Kings Park walking trails - 1.3 km
City West Train Station - 1.3 km
Watertown Brand Outlet Centre - 1.5 km
Gordon Street Garage caf - 1.4 km
Subiaco Square Shopping Centre - 2.2 km
RAC Arena - 2.2 km
Perth CBD (Hay Street Mall) - 2.0 km
Harold Boas Gardens - 1.1 km
West Perth Red CAT bus stop - 600 m
Freeway on-ramp (Mitchell Fwy) - 1.4 km
Water Rates: $1,093.18pa
Council Rates: $1,575.95pa
Strata Reserve Levy: $518.50pq
DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent nor the client nor servants of both, guarantee their accuracy. Interested persons are advised to make their own enquiries and satisfy themselves in all respects. The particulars contained are not intended to form part of any contract.
Property History for 503/18 Rheola St, West Perth, WA 6005
- 11 Aug 2025Sold for $458,000
- 06 Jun 2025Listed for Sale UNDER OFFER BY SHANE GARRETT
- 27 Aug 2022Listed for Sale CONTACT AGENT
Recent sales nearby
See more recent sales nearby/assets/perm/d2binluwdii63msswuwzhcppqu?signature=7877c9b73a95108809197babf6ede434d28a294c9d369869cd196e343a8de01e){kind=logo}
0/assets/perm/btrf44uikyi63hihp635tcw4eu?signature=65207ed117d6cf3bb8bf91ebf622dbb6be4d4e1cf64c63af4d49cc327dc0f95a){kind=logo}
0
/assets/perm/2rllogwmfui6zkeoy4znzhcd7a?signature=8cf28b47dc94970ce7278e4fefbfbe135ee89864f6efa8dec357e67f412eabf0){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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 68.79% increase in median value, while Units have seen a 63.49% increase. As at 31 December 2025:
- The median value for Houses in West Perth is $1,405,193 while the median value for Units is $682,002.
- Houses have a median rent of $875 while Units have a median rent of $700.
Suburb Insights for West Perth 6005
Market Insights
West Perth Trends for Houses
N/A
N/A
View TrendN/A
N/A
West Perth Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
