12/222 Labouchere Rd, Como WA 6152

Under offer | 62m² footprint | First-floor riverside apartment in a small 12-unit block PROPERTY OVERVIEW A 2-bedroom, 1-bathroom apartment built in 1963, situated on the first floor of a compact 12-unit residential block. The 62 square metre internal space combines an open-plan kitchen, lounge and dining area with neutral finishes. Both bedrooms feature built-in robes. The single bathroom includes a bathtub. A private side balcony, dedicated carport, and locked storage room complete the offering. The listing currently shows the property under offer. MARKET POSITIONING The unit appeals to first-time buyers, downsizers, and investor-occupiers seeking low-maintenance riverside living. Its compact scale and immediate occupancy position it for buyers prioritising lifestyle proximity over space expansion. Market signals indicate active buyer interest, with the property under offer within a short period of listing. The 2019 sale suggests relatively stable ownership patterns in this micro-complex. LOCATION ADVANTAGES Positioned 475 metres from Preston Street’s entertainment precinct, the address is within walking distance of Como Beach, public transport, and riverside parks. Proximity to established shopping and dining venues provides immediate lifestyle utility without requiring vehicle dependence. Riverside positioning in Como appeals to buyers valuing water access and parkland amenities. LOCATION DISADVANTAGES The 1963 construction date suggests aging building infrastructure and potential for higher maintenance costs through strata levies. A flat apartment in a 12-unit block means shared building responsibilities and potential noise transmission. The 85 square metre land size restricts future renovation or extension possibilities. SCHOOL CATCHMENT Como Primary School serves K-6 students nearby. Como Secondary College is a short distance away for years 7-12. Penrhos College is located nearby as a private option. Proximity to government school catchments suits families with primary-aged children, though secondary options require short travel. RENTAL YIELD POTENTIAL Comparable units in the area command rental income between $520 and $665 per week, suggesting gross yields around 5.5 to 7 percent on purchase prices in the $570,000 to $620,000 range. The small block’s security features and riverside positioning appeal to rental tenants seeking low-maintenance, walkable locations. Investor demand for this configuration remains steady. GROWTH DRIVERS Local investment in riverside precincts and entertainment zones supports long-term amenity value. Proximity to commercial development along Preston Road provides indirect property value support. Increasing walkability premiums in inner Perth suburbs favour compact, well-located units. RISKS AND CONSTRAINTS Age-related structural and compliance considerations are typical of 1960s construction. Strata title arrangements in a 12-unit block require shared decision-making on major repairs or upgrades. Limited internal space restricts appeal to growing families or those needing home office configurations. The compact lot size limits future subdivision or significant development potential. DEMOGRAPHIC SUITABILITY Suitable for empty nesters, young professionals prioritising location, and investors seeking stable rental returns. The configuration suits buyers aged 25-40 or 55+ rather than families with multiple children, and those who value a walkable, entertainment-focused neighbourhood. MARKET TREND OBSERVATION Strong interest for well-located, move-in-ready units in riverside Como supports stable pricing in this micro-segment, with buyers valuing community feel in a small block. OPPORTUNITIES Vacant possession on settlement enables immediate rental deployment for investors or owner-occupiers without renovation delays. The established small community within 12 units offers networking advantages. Proximity to emerging hospitality and retail developments along Preston Road offers potential amenity appreciation. INVESTMENT CONSIDERATIONS The property suits conservative investors prioritising steady rental yields and capital preservation. Under-offer status suggests competitive bidding may have occurred, potentially pricing the asset at market ceiling. First-time buyers should verify strata levies and building maintenance reserves given the 1963 construction age.