1/388 Canning Highway, Como WA 6152

1/388 Canning Highway, Como WA 6152
1994 townhouse on 248m² | front position set back | no strata fees | lock-and-leave appeal | rental $780–$880/wk Built in 1994, this townhouse is seen as newer than much of Como’s older detached stock, and its front, set-back position is thought to remove the usual highway exposure while keeping corridor convenience. The low-maintenance format, with no strata fees, is regarded as a genuine rarity for a property of this age, offering a clear cost advantage for owner-occupiers and investors alike. It is best suited to downsizers, professionals, and lock-and-leave buyers who value an established suburb position without the demands of a large garden. Value may be influenced by the lack of details on internal finishes and parking, as buyers price those according to expectation. The 248m² land size is modest, but the townhouse format and no-fee structure might support a premium. Rental return of $780–$880 per week could underpin an investor’s view, while corridor redevelopment might add speculative interest. These factors are weighed differently by owner-occupiers versus investors. >> Comparable Sales: 2/400 Canning Highway sold for $965,000; 1/450 Canning Highway sold for $1,020,000 | Property Price Band: $900K–$1.0M | Value Drivers: no strata fees, 1994 build, front set-back position
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/388 Canning Highway, Como WA 6152
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ✓
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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.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

699m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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