View
Here's one for the 'Lazy' Investor
Land bank with hands-free Tenanted income. 817m2 of prime Mandurah Real Estate with an active tenant paying off your mortgage from day one.
Welcome to 11 Myerick Street, Mandurah an classic highly durable 3 bedroom, brick and tile home packed with 70's charm!
Smart investors, look no further. This is your chance to secure a stress-free, high-yield asset in one of Western Australia's most sought-after coastal regional hubs.
Best of all? The heavy lifting is already done. With a reliable, long-term tenant already in place, you can completely bypass the hassle of advertising, vetting tenants, or enduring costly vacancy periods. Settlement happens, and the rental income transitions straight into your bank account.
Why Investors will love 11 Myerick Street:
• Immediate Cash Flow: Secure an instant return on your capital with a dependable tenant already calling this property home.
• The Power of an 817m Block: Land of this size so close to the coast is becoming exceptionally rare. This massive footprint leaves major room for long-term capital growth and potential future site additions (STCA).
• Highly Rentable Location: Nestled in a quiet, central pocket of Mandurah. Tenants love this area because it sits within close proximity to local beaches, the vibrant Mandurah Foreshore, and essential commuting links like the Mandurah Train Station.
• Family-Friendly Infrastructure: The home is perfectly positioned within the core intake zones for local education hubs, including North Mandurah Primary School and John Tonkin College.
The Location Advantage
Mandurah continues to outperform as a premier "sea-change" market. Properties on Myerick Street enjoy seamless access to major shopping complexes, local restaurants, medical facilities, and the pristine shoreline. This continuous demand ensures incredibly low vacancy rates and long-term rental security.
Don't let this effortless wealth-builder pass you by!
To discuss rental yields, lease terms, or to arrange an inspection:
Contact Michele to register your interest 0410359422
Property features
-
Garages
1
-
Floor area
227m2
Property snapshot by reiwa.com
This property at 11 Myerick Street, Mandurah is a three bedroom, one bathroom house listed for sale by Michele O'Neill Manu at Ray White Mandurah.
For more information about Mandurah, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Mandurah profile page.
If you would like to get in touch with Michele O'Neill Manu regarding 11 Myerick Street, Mandurah, please call 0410 359 422 or contact the agent via email.
Cost breakdown
-
Council rates: $2,133 / year
-
Water rates: $1,273 / year
Nearby schools
Mandurah overview
A vibrant mixed-residential and commercial suburb, Mandurah is the heart of the Peel district. Once a small fishing village, Mandurah has evolved into a thriving regional city and a popular destination for tourists. Situated along Western Australia's coastline, Mandurah has firmly established itself as a first class 'sea change' destination with an array of property developments that include everything from family homes, to modern apartments in new estates and luxurious mansions with canal views.
Life in Mandurah
An alluring mix of inner-city panache and classic suburban culture define the Mandurah lifestyle. As a result of the 'sea change' phenomenon which transformed the suburb, Mandurah is now home to a major shopping centre, quality restaurants, charming retail outlets, a bustling foreshore and a pulsating boardwalk. Throughout the year, Mandurah hosts several popular annual events such as the Crab Festival in mid-March and the Mandurah Boat Show in mid-October. Other notable features include the Mandurah Train Station, which provides a fast transport option into and out of the Perth CBD, and local schools, Mandurah Primary School, Mandurah Baptist College, Mandurah Catholic College and Frederick Irwin Anglican School.
Mandurah quick stats
High end
$760k
Median
$701k
Low end
$643k
20.9 %
Annual growth
$701k
Annual median sales price
$550pw
Annual median rental price
