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Prime Investment Opportunity: Multiple Income Property!
Uncover the pinnacle of investment potential at 17 Stirling Grove, Mandurah!
This exceptional property presents not one, not two, but three distinct units all situated under a single roof, presenting an unparalleled opportunity for investors and owner-occupiers alike.
Conveniently located within walking distance of the Mandurah train and bus station, and mere moments from the vibrant heart of Mandurah, this property offers seamless access to schools, shopping precincts, parks, and public transport networks. Its prime location presents an irresistible allure for both discerning tenants and astute homeowners alike.
Features include:
- Within 17 Stirling Grove, lies a trio of self-sufficient units, offering versatility in both living arrangements and rental potential.
- Private Amenities: Each unit boasts its own kitchen, bathroom, and living space, ensuring privacy and comfort for occupants. With private entry.
- Additional shared entry way and shared 2 car garage.
- Adaptable Layout: With a flexible layout, this property accommodates various living configurations, catering to diverse lifestyle preferences.
- Well maintained, this property ensures a seamless transition for buyers or tenants alike.
Unit 1/17 (Unit B) – Cosy Living – 1 Bed, 1 Bath, 1 Car Garage
Courtyard: 33 SQM, Ground Floor Living Space: 56 SQM
Currently tenanted at $277.29 - increasing to $302.57 effective 31/7/24 (NRAS)
Lease Expiry: 23/08/2025
A comfortable living space with 1 queen sized bedroom and plenty of space for comfort and convenience.
Unit 2/17 (Unit C) – Bright and Modern – 2 Bed, 1 Bath, 1 Car Garage
First Floor Living Space: 81 SQM, Balcony: 11 SQM
Currently tenanted at $298.62 but increasing to $325.48 effective 1/10/24 (NRAS)
Lease Expiry: 13/03/2025
Discover the epitome of style and functionality in this contemporary unit. Thoughtfully designed with ample space, it offers a harmonious blend of comfort and convenience for modern living.
Unit 3/17 (Unit A) – Studio Sanctuary
Ground Floor Studio Living Space: 50 SQM
Currently tenanted at $255.96 but increasing to $278.87 effective 23/8/24 (NRAS)
Lease Expiry: 13/09/2024
Indulge in the perfect fusion of style, comfort, and convenience within this stylish studio. Opportunity to earn a weekly rental income or rent on Airbnb or alike. Please note no official car bay is allocated for this studio, however there is ample on-street parking available around the complex.
More than just a residence, this property embodies a future investment opportunity. Whether occupying one unit and renting out the others for multiple income streams or leasing all three units for maximum returns, the financial prospects are substantial, promising lucrative returns on your investment.
Please note, upon conclusion of the NRAS, these units can all be rented at current market rate.
Est Annual Water Rates:
Unit 1: $1025.54
Unit 2: $1196.99
Unit 3: $1006.48
Est Annual Council Rates:
Unit 1: $1358.44
Unit 2: $1380.21
Unit 3: $1355.72
Please note, this is a survey strata freehold property, with NO strata levies.
Contact Elle Clark on 0488008116 to arrange a viewing today.
Property features
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Air conditioned
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Garages
2
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Floor area
262m2
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Patio
Property snapshot by reiwa.com
This property at 17 Stirling Grove, Mandurah is a four bedroom, three bathroom townhouse sold by Ellena Clark and Micaela Britz at Nicheliving Real Estate on 24 May 2024.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Mandurah or see other recently sold properties in Mandurah.
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
$503k
Median
$445k
Low end
$394k
26.3 %
Annual growth
$445k
Annual median sales price
$490pw
Annual median rental price
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