1/139 Melville Parade, Como WA 6152

292 m² land | 1973 townhouse | flood and heritage overlays | school catchment | long-term ownership context | price picture unresolved The buying case rests on the land size and the suburb’s established school catchment, which together give the property a positional advantage that is uncommon for a 3×1 townhouse of this era. The long ownership history suggests the building’s tenure and shared responsibilities have been stable, and the older construction may suit a buyer seeking a renovation project within a well-connected riverside area. The property is best considered by an owner-occupier who values location and school access over modern finishes. The main constraint is the combination of flood and heritage overlays, which can limit renovation scope and increase insurance costs. The price picture remains unclear, as different sources offer conflicting signals about the property’s market position. Confidence cannot be placed in the guide until the overlay implications are verified and the fair value is resolved through direct comparison with similar townhouses sold under comparable overlay conditions.