17 Morfitt StreetMandurah WA 6210
Property Details for 17 Morfitt St, Mandurah
Last Listing description (September 2024)
Navpreet Singh from The Agency is proud to present an exceptional development opportunity at 1072m2 R60 site in the heart of Mandurah. With historically low stock levels in the WA real estate market, this is the perfect time to secure a development site brimming with potential.
This expansive block, located within the Inner Mandurah Precinct Plan and zoned Residential R60, offers a myriad of development opportunities (STCA).
- For those looking to develop grouped dwellings, the R60 zoning allows for up to seven townhouses with a minimum lot size of 120m2.
- Moreover, for those considering multiple dwellings (apartments), the site can accommodate up to 10-12 units, depending on size and configuration.
Prospective buyers are encouraged to conduct their own enquiries with the Shire of Mandurah to fully understand the development potential and requirements of this block. The versatility of this property makes it an attractive prospect for a wide range of development plans.
The location of this site is truly enviable. Situated just 2.3 kilometers from the Mandurah Foreshore, residents will enjoy easy access to beautiful waterfront views and recreational activities. The Mandurah Forum Shopping Centre, only 2.2 kilometers away, offers a plethora of shopping and dining options. Town Beach is a mere 1.5 kilometers from the property, providing a perfect spot for relaxation and family outings. The Mandurah Train Station, conveniently located 1.6 kilometers away, ensures seamless connectivity to Perth and beyond. Additionally, the area boasts numerous local schooling options, making it an ideal location for families.
This property represents a lucrative development opportunity for the savvy investor or developer. With rental yields on the rise and a strong demand for housing in the area, the potential for significant returns is considerable.
Further details on the property include council rates of $1,100 per annum and water rates of $754.03 per annum.
Don't miss out on this exceptional property. Contact Navpreet Singh today at 0416 377 765 for more information and to schedule a private viewing. With Team Rash by your side, your real estate aspirations become reality. Welcome home!
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property History for 17 Morfitt St, Mandurah, WA 6210
- 05 Sep 2024Sold for $360,000
- 11 Jul 2024Listed for Sale Offers Over $370k
- 06 Mar 2024Sold for $300,000
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0About 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 7,656 properties. Over the last 5 years, Houses in Mandurah have seen a 124.97% increase in median value, while Units have seen a 109.19% increase. As at 31 October 2024:
- The median value for Houses in Mandurah is $548,903 while the median value for Units is $503,986.
- Houses have a median rent of $500 while Units have a median rent of $475.
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