Back 2/2 Rowe Avenue
Off Market

2/2 Rowe Avenue

Rivervale WA 6103

1
1
1
88 m²
Apartment
Last sold for $550,000
Hendrick HeoHendrick Heo, last sold this property on 26 June 2026 after 28 days on market.

Overview

Premium Living or High-Yield Investment in The Springs

2/2 Rowe Avenue, Rivervale WA 6103 1 Bed | 1 Bath | 1 Car | 88m² Total Area | 54m² Internal | Built 2015 Offers Closing: All offers presented by 5 PM, 23/06/2026 (unless sold prior). *(The seller reserves the right to sell prior to the end date.)* Affordable First Home | Convenient for downsizer | Young professional's lifestyle |High-Yield Investment in the Premier Springs Precinct Hendrick Heo & Sam Cho from S-Class Property Group present a highly practical, set-and-forget investment opportunity in the FLO Apartments. Built in 2015 and located on the ground floor for highly convenient access, this well-maintained one-bedroom, one-bathroom apartment offers a functional 54m² internal layout. With a rock-solid fixed-term lease already in place securing an exceptional $660 per week until January 2027, this asset delivers immediate, reliable cash flow from day one, positioned in one of Perth's most strategically connected riverside enclaves. Investment & Lifestyle Potential: Immediate High Yield: Currently returning $660 per week on a fixed-term lease until 16/01/2027, providing absolute income security and outstanding ROI for investors. Resort-Style Amenities: The FLO complex offers residents access to premium facilities, including a secure outdoor swimming pool and a paved deck lounging area. The Springs Precinct: A highly desirable, master-planned riverside community offering rapid access to the Swan River, Optus Stadium, Crown Casino, and the Perth CBD. Existing fixed-term lease at $660 P/W by Jan 2027 (One of the best tenants S Class has seen) The latest rental appraisal is between $680 - $700 Property Highlights: The property benefits from ground-floor access and is finished with a modern, low-maintenance specification. The well-proportioned bedroom is comfortably carpeted and features full-height mirrored sliding wardrobe doors for ample storage. The apartment is serviced by a highly practical bathroom presenting a clean aesthetic with a wood-look vanity, a white penny-round tiled splashback, and a glass-screened shower featuring modern grey wall tiling. A dedicated laundry space provides high utility, equipped with a stainless-steel sink, built-in wood-look storage cabinetry, and overhead shelving. Location Highlights (Approx.): * 150m to Cracknell Park * 200m to Swan River cycle paths and walkways * 850m to Burswood Train Station * 1.4km to Crown Casino * 1.6km to Optus Stadium * 4.6km to Perth CBD * 7.2km to Perth Airport Outgoings (Approximate): Council Rates: $1659 p.a. (25-26) Water Service Charges: $1,064.17p.a. Strata Levies: $1,075.59 p.q. (Admin) + $123.75 p.q. (Reserve) = $1,199.34 p.q Contact the Selling Agents: Secure this high-yield, premium-location asset today! Hendrick Heo 0478 555 391 hendrick.heo@sclasspg.com.au Sam Cho 0497 899 978 sam.cho@sclasspg.com.au Thinking of Selling? We urgently require more properties to meet strong buyer demand in Rivervale and the Springs Precinct. Contact S-Class Property Group today for a factual, data-driven market appraisal. *Disclaimer: Whilst every care has been taken in preparing this advertisement, all information provided by the seller and agent is in good faith. Buyers are encouraged to conduct their own due diligence to verify details. Floor plan measurements are approximate.*

Features

1 bedroom
1 bathroom
1 carspace
88 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Rivervale over the last 12 months, the estimated median property value of 2/2 Rowe Avenue is $550.25k.

Median value
$550.25k
Estimated value range
$332.5k - $715k
Median days on market
22
Estimated value trend
23%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Rivervale. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2/2 Rowe Avenue

2026
Sold
$550,000
Private Sale/Treaty on 26 Jun 2026 by Hendrick Heo, of S Class Property
2025
Rented
Undisclosed
Leased on 13 Jan 2025 by S Class Property

Happy sellers in Rivervale

94%
94% of sellers in Rivervale reported that their sale price either exceeded or met their price expectations.

Rivervale stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 93 reviews in Rivervale over the last 12 months.

Local market activity for 1 bedroom apartments in Rivervale

In the last 12 months, 69 one-bedroom apartments similar to 2/2 Rowe Avenue, have been sold.

This represents a 24% increase in one-bedroom apartments sales when compared to the previous 12 months.

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