Kerry Harmanis secures Cottesloe house that sold twice in 2016

A Cottesloe home sold twice this year in Perth, perhaps the only property to head upwards in price too.

The 13 Pearse Street holding sold for $7.05 million in June, then again for $7.55 million last month.

The latest buyer was a company co-directed by mining magnate Kerry Harmanis, which owns three neighbouring properties on the street.

The windfall came to Colin Herdman who had bought the property from the Kidd family in June.

It faces onto Avonmore Terrace.

Harmanis bought the corner home on 1000 square metres, prompting the Perthnow website to speculate Harmanis may seek to create a luxury redevelopment on the four blocks.

The largest block, at a little over 1000 square metres, cost $10.5 million in 2007. 

Harmanis founded the nickel miner Jubilee Mines in 1987. It was acquired by mining giant Xstrata in 2007 for $3.1 billion.