2 Preston Street Como WA 6152

3 bed 2 bath apartments | Como WA 6152 | strong capital growth history | well-connected suburban location | multi-unit complex with varied unit sizes The buying case for a unit at 2 Preston Street rests on the configuration rarity of three-bedroom, two-bathroom apartments in a well-serviced Como location, which directly appeals to owner-occupiers seeking space without a full house footprint. The 237% appreciation on unit 12/2 over twenty-four years signals consistent demand and capital resilience, not speculative spikes. For a buyer, this property type offers a defensive entry into a mature suburb with proximity to amenities, where the unit mix allows for personal use or future leasing to professionals or small families. The open-plan layouts and ground-floor options in some units further strengthen liveability, making this a low-turnover holding for a patient buyer. The primary risk is the multi-unit strata structure, which imposes common area levies and limits individual control over building decisions, a cost that must be factored into holding calculations. Unit size variation—from 93m² lots to larger floorplans—means not all units offer equal value, so precise due diligence on the specific unit’s dimensions and strata records is essential. Commercially, the opportunity lies in targeting units that have been held long-term, as sellers with low cost bases may negotiate more readily. This property should be held for medium-term capital growth rather than flipped, with the configuration and location providing a buffer against market softening.