FOR SALE
From $799000.00

4/Abc Preston Street
Mandurah WA 6210

Bedrooms: 9
Bathrooms: 3
Car spaces: 4
Floor area: 150m2
Land area: 1651m2
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Rare Investment Opportunity: Prime 1651m² Mandurah Property with High ROI Potential - SOLD "AS IS"

Investment opportunities like this are rare. Positioned on a spacious 1651m² block, this property features three separate three-bedroom, one-bathroom homes on a single title. Situated in the heart of Mandurah, it offers close proximity to fine dining, entertainment, retail outlets, public transport options, beautiful beaches, and the estuary. The convenience is unparalleled, with just a 2-minute drive to both the Mandurah Foreshore and Mandurah Forum, and only a 4-minute drive to Town Beach. This prime location ensures easy access to everything Mandurah has to offer, making it an exceptional investment opportunity.
With a significant number of properties being developed within the Mandurah LGA, opportunities to invest in a property of this size and zoned R60 are becoming rare. The potential for multiple dwellings will significantly enhance the return on investment and make this property a highly sought-after asset in the real estate market.
All properties are currently leased at $360 per week for a combined income of $1080, with leases extending until November 2024. The units share a water meter and have separate electricity meters.
Overlooking this property is certain to be a future regret. Viewings are by appointment only, so don't hesitate to contact Jacob King.

Property Details for 4/Abc Preston St, Mandurah

4/Abc Preston St, Mandurah is a 9 bedroom, 3 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 1651m2 and floor size of 150m2. The place is currently for sale with Elders Real Estate Mandurah.

Building Type
BlockOfUnits
Floor Size
150m2
Land Size
1651m2

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About Mandurah 6210

The size of Mandurah is approximately 7.5 square kilometres. It has 33 parks covering nearly 11.2% of total area. The population of Mandurah in 2011 was 7,327 people. By 2016 the population was 7,827 showing a population growth of 6.8% in the area during that time. The predominant age group in Mandurah is 60-69 years. Households in Mandurah are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mandurah work in a trades occupation. In 2011, 38.7% of the homes in Mandurah were owner-occupied compared with 43% in 2016.

Mandurah has 7,659 properties. Over the last 5 years, Houses in Mandurah have seen a 117.67% increase in median value, while Units have seen a 102.52% increase. As at 30 September 2024:

  • The median value for Houses in Mandurah is $541,242 while the median value for Units is $493,261.
  • Houses have a median rent of $500 while Units have a median rent of $475.
There are currently 90 properties listed for sale, and 44 properties listed for rent in Mandurah on OnTheHouse. According to CoreLogic's data, 662 properties were sold in the past 12 months in Mandurah.

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Jacob King
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Elders Real Estate Mandurah
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