4/51 South Terrace, Como WA 6152
4/51 South Terrace, Como WA 6152
2-bed renovated villa | private courtyard | Como south of river | downsizer appeal | limited land upside
The property is presented as a beautifully renovated two-bedroom villa with a designer kitchen and a private garden courtyard, which sets it apart from much of the surrounding stock. It is situated in Como, an inner-south suburb known for its proximity to the river, public transport, and the Preston Street eating strip. This configuration is considered ideal for downsizers and professional couples who value low-maintenance living without compromising on location. The renovation is a distinct advantage, as it allows the buyer to move in without immediate work. The villa is likely to appeal strongly to owner-occupiers seeking a lock-and-leave lifestyle, and it represents a practical alternative to larger family houses in the same corridor.
The value might be influenced by the property’s comparatively small land component, which could limit future subdivision potential. The quality of finishes beyond the renovated kitchen and courtyard may be assessed during inspection, and the sale price might be affected by how the villa’s strata fees and title structure compare with other units. These factors are worth weighing when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/51 South Terrace, Como WA 6152
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
!
1
Market Insight
Como, an established riverside suburb in the City of South Perth, is drawing strong demand from older, childless couples and a substantial renter base. House prices have climbed sharply, with median estimates ranging from $980,000 to $1.58 million and annual growth between 4.8% and 20.35% depending on the source; units show similar momentum, up 12–22%. The market is tight: houses average just 13 days on market and stock is minimal, with only seven listings over the past month. Gross rental yields for units are a solid 4.7–5.1%, while houses yield around 3.4–3.8%. With a high share of owners holding mortgages, the market is sensitive to rate movements, and affordability is a growing constraint. Future growth hinges on limited supply and persistent demand from downsizers and investors.
PropCred Estimated Value
Comparable Sales: a renovated 2-bed villa sold for $895,000; a similar unit sold for $945,000 | Property Price Band: $900K–$1M | Value Drivers: condition, location, layout
Bedrooms
2
Bathroom
1
Parking
1
Land
1358m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst