5/191 Coode Street, Como WA 6152

2 bed 1 bath 1964 strata unit with garage and river views; off-market sale history; strong school catchment; $685pw rental yield potential. Compact 77sqm ground-floor unit in a low-rise block on a shared lot, built in 1964 with air conditioning, built-in robes, secure garage plus open parking, and partial river views that add a premium edge. It offers straightforward living for downsizers, young professionals, or investors seeking low-maintenance entry into a riverside pocket, with easy access to shops, transport, and daily essentials. Suitable for first-home buyers priced out of houses or retirees seeking single-level convenience without high strata fees typical of newer high-rises. Demand remains steady for well-positioned 2-beds, especially close to Como Primary School (0.4km) and Como Secondary College (1.3km)—key draws for families prioritizing government school zones in the South Perth LGA. Local sales trends show quick turnover for similar units with views and parking, reflecting solid buyer interest amid limited supply of affordable riverside options. Positioned on the quieter Coode Street fringe, it benefits from 5G coverage, no bushfire/flood/heritage risks, and walkable Canning River paths, while facing typical urban trade-offs such as traffic noise from nearby arterials and competition from denser developments. Demographics skew professional couples and small families, with growing appeal to remote workers valuing the CBD commute under 15 minutes. Rental signals point to strong yields around $685 weekly, supporting hold strategies given the area’s lifestyle pull. Growth drivers include infrastructure upgrades and riverfront revitalization, providing potential capital uplift without fringe-suburb volatility. Opportunities exist for value-add updates to the kitchen and bathroom, or long-term rental demand as supply remains constrained. Risks include maintenance needs in the 60-year-old strata scheme and sensitivity to interest rate shifts affecting first-home activity.