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Premium investment opportunity, future development potential
Incredible investment opportunity awaits, currently bringing in $39,520 per year, this is two properties on one title sitting on 1,065m2 of land that is zoned R60 allowing for future development.
The tenants are the stuff of dreams, lovingly maintaining their homes to an impeccable standard and both happy to stay on. Only 700 meters to the Mandurah forum, 1.5km to the Mandurah train station, 1.7km to the Mandurah foreshore and just 200 meters to the nearest bus station. The rear property is a four bedroom, two bathroom brick and tile home and the front property is a three bedroom, one bathroom brick and tile home.
Check out the features:
25a France street (front property)
* Three beds
* One bath
* Separate front lounge
* Open plan kitchen/dining
* 1 year old split system to kitchen/dining
* Older air con in front sitting
* 1 year old instantaneous gas hot water
* Single carport
* Reasonable kitchen with movable island
* Small patio
* Retic off mains
* Fully fenced and gated front garden
* NBN
* Tenant paying $360 per week and wanting to stay on
25b France street (Back property)
* Four beds
* Two baths
* Separate front lounge
* Open plan kitchen/dining
* 1 year old split system to kitchen/dining
* Older air con in front sitting
* 1 year old instantaneous gas hot water
* Small kitchen with dishwasher
* Single carport
* Retic off bore
* Bore well and pump 1 year old
* Fully fenced and gated front garden
* NBN
* Garden shed
* Additional enclosed back garden
* 3 month old new waterproofing and tiling to en suite shower floor
* Tenant paying $400 per week and wanting to stay on
And location is King!
* 1.5km Train/Bus Station
* 700m Forum
* 1.7km Foreshore
* 1.1km Mandurah Primary School
* 2.2km Town Beach
To learn more or arrange a viewing, please contact Craig Balme, the Exclusive Selling Agent.
Property features
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Carports
2
Property snapshot by reiwa.com
This property at 25 France Street, Mandurah is a seven bedroom, three bathroom house sold by Craig Balme at Century 21 Coast Realty Mandurah on 11 Nov 2022.
Looking to buy a similar property in the area? View other seven bedroom properties for sale in Mandurah or see other recently sold properties in Mandurah.
Cost breakdown
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Council rates: $3,047 / 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
$728k
Median
$653k
Low end
$598k
17.6 %
Annual growth
$653k
Annual median sales price
$550pw
Annual median rental price
