SOLD
Sold on 23 Apr 2024 for $75,000

78/65 Ormsby Terrace
Mandurah WA 6210

Bedrooms: 1
Bathrooms: 2
Car spaces: 1
Floor area: 59m2
Land area: 59m2
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Property Details for 78/65 Ormsby Tce, Mandurah

78/65 Ormsby Tce, Mandurah is a 1 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 59m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Unit sold in Mandurah in the last 12 months.

Building Type
Unit
Year Built
1982
Floor Size
59m2
Land Size
59m2
Local Government
Mandurah
Lot/Plan
78/S011104

Last Listing description (May 2024)

Presenting two bedrooms, one bathroom, and captivating ocean views, this offering encompasses a queen room situated on the fifth level of the esteemed Atrium hotel. The upper-level bedroom accommodates three guests comfortably.

This unique real estate opportunity entails ownership of room 508 within the Atrium hotel, with a distinctive twist – this isn't a residential purchase. Instead, you're investing in a hotel apartment, entitling you to a share of profits based on your unit entitlement, which corresponds to the size of your apartment. With a unit entitlement of 69 units from an aggregate of 6907, your ownership stake represents just under 1% of the total unit shares.

Moreover, as a benefit, you can enjoy a complimentary 14-day stay each year at the hotel, subject to availability.

Annual outgoings include approximate costs for water rates appox ($1817), council rates approx ($1610), and strata fees appox ($1035 per quarter).

Mandurah, renowned for its vibrant nightlife and allure as a weekend destination for families, beckons both local and global travellers alike. Its water-centric lifestyle, culinary scene, and proximity to southern Western Australia make it a sought-after destination. With limited hotel accommodations available in Mandurah, the Atrium stands as a tried-and-tested choice for travellers and visitors. The hotel's management expresses optimism regarding its future growth and profitability, presenting a compelling opportunity for investors to enter at a low price and potentially reap substantial returns and capital growth.

The Atrium Hotel, an iconic establishment in the Mandurah region, boasts an array of leisure facilities, including an indoor heated swimming pool, spa, electronic games room, and tennis courts. Guests benefit from complimentary amenities such as Wi-Fi, Foxtel, and parking.

Completing the experience, the complex houses a quality restaurant, conference rooms, and a function centre, all just moments away from Mandurah's picturesque waterways, marina, cinemas, restaurants, cafes, ale houses, and central shopping precinct.

#century21mandurah #century21realestate?#realestate #realestatemandurah


DISCLAIMER: This description has been prepared for advertising and marketing purposes only. It is believed to be reliable and accurate; however buyers must make their own independent inquiries and must rely on their own personal judgement about the information included in this advertisement. Century 21 Coast Realty provides this information without any express or implied warranty as to its accuracy or currency. .

Property History for 78/65 Ormsby Tce, Mandurah, WA 6210

A timeline of how this property has performed in the market
Last Sold
$75,000
23 Apr 2024
  • 23 Apr 2024
    Sold for $75,000
  • 28 Mar 2024
    Listed for Sale RECENT SALES
  • 24 Feb 2011
    Sold for $128,000
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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 7,657 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.
There are currently 104 properties listed for sale, and 41 properties listed for rent in Mandurah on OnTheHouse. According to CoreLogic's data, 643 properties were sold in the past 12 months in Mandurah.

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Contact agent
Lauren Delaney
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CENTURY 21 Coast Realty Mandurah
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.