15/2 Preston Street, Como WA 6152
15/2 Preston Street, Como WA 6152
3-bed apartment with river views | larger than typical Como unit stock | positioned near Preston Street activity centre | suited to owner-occupiers and downsizers | premium 3×2 configuration in a riverside pocket
This is a competitively strong unit for Como because it offers a genuine three-bedroom, two-bathroom layout in a suburb where much of the apartment stock leans smaller and more compact. The 94 square metre footprint, combined with the balcony, storeroom, and secure parking, gives it a practical edge over older walk-up units. The Swan River views, even if not precisely oriented, add a lifestyle layer that tends to hold value well in this precinct. It serves best a downsizer or professional couple wanting low-maintenance living without sacrificing space, and the proximity to the Preston Street neighbourhood centre, schools, and the city makes it a sensible choice for those trading a house for convenience.
The value picture may be shaped by a few factors. The building age and floor level are not confirmed, which could affect how the views and natural light actually perform in person. The unit sits near a neighbourhood centre and Canning Highway, so some traffic noise and mixed-use activity are possible, and ongoing development in the immediate precinct might bring construction disruption or a changing streetscape. These are not dealbreakers, but they are worth weighing when forming a view on price. The internal finishes, including floorboards, gas cooktop, and split-system air conditioning, appear well maintained, which should support a firmer price position relative to tired stock in the area.
|| Comparable Sales: 406A Canning Highway sold March 2026 for $1,150,000 | Property Price Band: $1.1M–$1.2M | Value Drivers: condition, river view potential, larger 3×2 layout
Detailed Independent Property Report prepared by PropCred Analyst team for 15/2 Preston Street, Como WA 6152
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 406A Canning Highway sold March 2026 for $1,150,000 | Property Price Band: $1.1M–$1.2M | Value Drivers: condition, river view potential, larger 3×2 layout
Bedrooms
3
Bathroom
2
Parking
1
Land
94m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!