55 Axford Street, Como WA 6152

Corner block, 999sqm, Como | 4 bed, 3 bath, triple garage | Renovation or subdivision potential | Tightly held family suburb The property’s primary strength is its rare 999sqm corner lot in a tightly held riverside pocket, where large blocks seldom transact. The existing 413sqm building envelope already provides generous family accommodation, but the real value lies in the land’s configuration. This corner positioning improves subdivision feasibility and allows separate access, which matters for future development or dual-occupancy options. The house sits without bushfire, flood, or heritage constraints, and sits within walking distance of Como Secondary College and Curtin Primary. For a buyer prepared to renovate or rebuild, this offers a stronger entry point than competing properties on smaller blocks at similar price points. The main risk is that the current house is being sold as-is with only electrical compliance, meaning the buyer inherits all other condition issues. Renovation costs on a 413sqm footprint can escalate quickly, and the pool adds ongoing maintenance without necessarily lifting resale value proportionately. The early-to-mid $2M asking sits below the Domain estimate of $2.36M and the Property.com.au estimate of $2.247M, which suggests room if the buyer can execute a disciplined renovation budget. The corner lot’s subdivision potential is not guaranteed and requires council approval, so buyers should not pay a premium for that possibility without due diligence. Hold this property as a long-term family home with the optionality to develop later, or renovate selectively and exit within five years.