Smart Investment: How Porter Matthews Victoria Park Sold a Prime Rivervale Opportunity
Porter Matthews Victoria Park continues to deliver outstanding results for property owners and investors alike, with the recent successful sale of a well-positioned 3-bedroom, 1-bathroom brick veneer home in Rivervale, WA. This property, bursting with potential, attracted strong investor interest — not just for its immediate rental yield, but for the significant development prospects it offers in the future.
This Rivervale home ticked all the right boxes for buyers looking to secure a strategic piece of real estate in one of Perth’s increasingly popular suburbs. Situated on a generous block and offering a solid, well-maintained structure, the property presented the ideal opportunity for those with a long-term vision.
Key Features That Captured Attention
The home itself boasts three well-sized bedrooms, providing plenty of space for tenants or a growing family. A single bathroom services the property, complemented by a separate toilet — a practical layout that enhances convenience for occupants.
A standout feature of the property is its large formal living area. This space delivers a sense of traditional comfort but also offers exciting opportunities for modernisation. With a thoughtful floorplan that flows naturally from the kitchen and dining area into the living space, the home already achieves a semi-open plan feel. Investors and future owners recognised that with minor renovations, this flow could be enhanced even further, adding significant value.
Importantly, the property was sold as-is, including some large furniture items. The seller, in the process of upgrading their furniture, ensured only personal belongings would be removed before settlement. This arrangement offered investors added value, with potential furnishings ready for use in a future rental, saving time and immediate setup costs.
Security was another major drawcard. The home is equipped with a full security system, including cameras, an alarm, and security shutters fitted to all bedrooms and the living room. In today’s rental and ownership market, such features are highly desirable, offering peace of mind to both landlords and tenants.
Adding to the home’s appeal, a bore and reticulation system is installed throughout the garden. This not only assists with easy garden maintenance but also keeps water costs low — a notable bonus in Perth’s climate.
A Rental-Ready Opportunity
The property came with a professional rental appraisal of $600–$650 per week, placing it firmly within the sights of yield-driven investors. With rental demand in Rivervale and surrounding areas remaining high, the new owners can immediately benefit from a steady cash flow while considering their options for development or renovation down the track.
Given the strong rental yield potential and the home’s ready-to-lease condition, buyers were eager to secure the property, even before any redevelopment plans were put in motion.
A Future Full of Possibility
While the property stands solidly today, its future prospects are what truly excited the market. Rivervale is an evolving suburb, strategically located near Perth’s CBD, the Swan River, Crown Entertainment Complex, and Perth Airport. Zoning changes and increasing urban renewal in the area point toward significant capital growth over time.
For the investors who purchased the home, development at a later date is an appealing prospect. Whether considering a subdivision (subject to council approval) or a complete redevelopment, they have secured a valuable footprint in a key location. In the meantime, they enjoy strong rental returns and the flexibility to plan their next move carefully.
A Testament to Expertise
The sale is another testament to the expertise and local knowledge of Porter Matthews Victoria Park. Through a targeted marketing strategy, highlighting the property’s strengths and future potential, the team was able to attract a broad pool of interested investors and ultimately secure a successful sale.
In today’s dynamic real estate market, it’s not just about selling a property — it’s about unlocking the story behind it. Porter Matthews Victoria Park achieved exactly that, ensuring the owners realised strong value for their asset while passing it on to buyers who saw the bigger picture.
As Rivervale continues to grow and transform, opportunities like this will only become more valuable. For smart investors, this sale stands as an example of why strategic purchases today can lead to substantial rewards tomorrow.
If you would like a free property appraisal in Rivervale contact our office on 08 9362 4666
