140 Alexander Road, Rivervale, WA 6103

Welcome to this classic three-bedroom home, with a massive backyard and wonderful internal spaces. With 688m2 of land space altogether, this is a great opportunity to secure some blue-chip Rivervale property with great zoning potential of R20/50/100. Currently rented out, this home poses an immediate investment opportunity from day one. Offering an amazing amount of space, both internally and externally: including a large front living area, enclosed patio, and plenty of room outdoors. Finished with an array of wonderful features, including ceiling fans and air conditioning, this home stands out as a unique and unmissable opportunity!

Property Highlights:
•  Three-bedroom, one-bathroom property
•  Total approximate lot area of 688 square meters
•  Total approximate internal floor space of  102 square metres
•  Brick and tile build
•  Long driveway for plenty of parking space
•  Spacious front living area, with air conditioning
•  Ceiling fans to two bedrooms
•  Wide windows throughout for natural lighting
•  Kitchen with freestanding oven, lots of cabinetry for storage
•  Carport for single car parking
•  Enclosed patio area
•  Shed to the rear of the home
•  Spacious backyard; great for kids & pets

Development & Investment Summary:
•  This property is currently zoned R20/50/100
•  The City of Belmont have advised that this property has subdivision potential for the higher zoning if the existing house is demolished
•   We recommend contacting the City of Belmont directly to discuss any development plans, and any restrictions/requirements. Any development will be subject to approval from the city council and WAPC.
•  This property is currently leased until September 2025 for $500 per week
•  Market rent for 140 Alexander Road Rivervale is approximately $650 per week
•  HouseSmart Real Estate is highly active in Belmont and the surrounding areas - with an office in nearby Cloverdale - and can offer high-quality property management services throughout settlement and beyond!

Location Summary:
•  Major shopping centre Belmont Forum is a short approx. 15 minute walk from the home
•  Nearby park areas include St. Kilda Park and Faulkner Park
•  Belmont is a very popular suburb being so close to the Swan River, Perth CBD and Perth Airport.
•  Tonkin Highway, Leach Highway and Great Eastern Highway are extremely accessible
•  Buses and public transport are available right nearby on Alexander Road

Rates & Fees Estimation:
•  Water Rates: $1,093.73 per annum
•  Council Rates: TBA

Why Buy?
Situated on a massive lot area, this home on a full size block can be carried in to the future with lots of possibility. Currently rented out, there is an immediate investment, with the tenants in a fixed term lease providing you with rental income from day one. Room to grow, renovate, develop and more... what will you choose to do with this amazing opportunity of a home?