11/156 Labouchere Road, Como WA 6152

First-floor, two-bedroom unit | 1979 build, fully renovated | 122sqm lot, 108sqm internal | Como Primary and Secondary intake area | Strong rental yield signal. This unit offers a rare combination of full renovation and generous internal area for its type. The 108sqm floorplan is significantly larger than most contemporary two-bedroom apartments, which gives a buyer genuine space advantage without strata complexity. The 1979 build, when well maintained, typically offers better sound separation and storage than newer stock. The school catchment and proximity to Como amenities position it well for owner-occupiers seeking a low-maintenance home with good resale depth. For an investor, the projected rental range of $740–$820pw supports a yield above 4% on current estimates, which is competitive for Perth’s inner-south corridor. The main risk is the single bathroom, which limits appeal to couples or singles and may slow resale to families. The lot size of 122sqm is modest and offers no meaningful land value upside. The historical sale at $495k in 2021 shows strong capital growth, but future appreciation will hinge on broader market conditions rather than scarcity of this unit type. The absence of heritage or flood overlays reduces holding risk. The property suits a buyer who values a move-in-ready home with efficient floor space over land banking. Hold for stable rental income or occupy for five-plus years to amortise transaction costs.