1/5 Warton Street, Cottesloe WA 6011

New-build apartment | Heritage overlay | 193m² internal area | 2 car spaces | Shenton College catchment This property presents a competitively strong, low-maintenance offering in Cottesloe, defined by its substantial internal area and dual car accommodation—a configuration edge for a two-bedroom apartment. Its 2024 construction within a heritage precinct delivers modern finishes in an established streetscape, best serving an owner-occupier seeking space and convenience or an investor targeting professional tenants. The absence of environmental overlays mitigates immediate risk, while the high estimated value against the list price suggests a listed discount. The primary risk mechanism is the strata title, which costs the buyer in ongoing levies and potential heritage-related maintenance constraints. The opportunity lies in securing a large-format, new apartment in a tightly held suburb with demonstrated high-value transactions nearby. The commercial logic supports a long-term hold; its rental estimate aligns with premium stock, making it a viable investment, but its size and configuration ultimately position it for capital growth through owner-occupier appeal. Proceed with a strata report review to quantify heritage obligations.