218A Coode Street, Como WA 6152
218A Coode Street, Como WA 6152
4×2 double-storey | 339m² green title | leased $1035/wk to 2026 | school walkable | modern infill
A strong competitive position is held by this double-storey 4×2 house on a green title block, a format rarely found in an established suburb where older character homes and compact attached stock dominate. Modern functionality is delivered by the circa-2003 build without the upkeep burden of period housing. School access is a key advantage, with both a primary and secondary catchment campus within easy walking distance and private options nearby, giving this property particular appeal for education-focused households. Strong rental acceptability is confirmed by the current fixed lease at $1,035 per week. The best fit is served for owner-occupiers with investment intent, or families seeking a low-maintenance, move-in-ready house in a school-and-amenity-rich corridor.
Value may be influenced by the modest 339m² land area, which limits scope for further subdivision or extension and tilts demand toward lifestyle buyers rather than land-based speculation. The tenancy fixed until November 2026 might constrain those wanting immediate occupation, although it secures dependable income in the interim. Green title status and the modern build may support a premium relative to strata-titled alternatives, while condition and presentation will ultimately shape buyer comparison.
>> Comparable Sales: 6/146 Coode Street (4×2, 195m²) approx. $1.39M; 3/174 Coode Street (4×2, 460m²) approx. $1.55M | Property Price Band: $1.7M–$1.8M | Value Drivers: green title status, modern double-storey layout, school catchment proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 218A Coode Street, Como WA 6152
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✕
2
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
Bedrooms
4
Bathroom
2
Parking
2
Land
339m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst