21 Webb Street, Cottesloe WA 6011

Character residence with contemporary extension | 503m² lot in Cottesloe pocket | Private courtyard & plunge pool | Heritage overlay present This property presents a compelling blend of preserved character and modern liveability on a substantial block, a rare combination in this established suburb. Its three-bedroom, dual-living-area format with a master suite and updated bathrooms caters directly to a family seeking a permanent home, while the private outdoor spaces and pool enhance its owner-occupier appeal. The heritage overlay ensures architectural continuity but introduces specific renovation constraints. The sealed rear laneway access is a practical asset for a two-car garage, adding significant utility not common in older streets. Your position hinges on valuing the lot size and character more than the 1920-built core, accepting the heritage overlay’s limitations on future alteration. The commercial logic is in holding it as a long-term family home, where the land component and location will drive capital stability. The estimated rental yield is secondary to this use. Consider this property a buy-and-hold family residence, not a short-term investment or a straightforward renovation project.