Sold
40 Elizabeth Street, Mandurah WA 6210
Sold price: $550,000
Sold: 21 Jun 2024
Sold
-
2 Bedrooms
-
1 Bathroom
-
Landsize 1,163m2
House
View
Investment Opportunity, R60 Development Site in Prime Location!
Introducing a rare opportunity to secure a large development block zoned R60, offering endless potential for multiple units or townhouse development. This property presents a lucrative investment in the heart of the thriving Mandurah city precinct.
Property Features:
- Existing original home with a current tenant providing a modest return.
- Zoned R60, offering versatile development possibilities
- Mandurah city precinct plan in place
- Walking distance to Mandurah train station, forum shopping centre, and the stunning Mandurah foreshore
- 1163 square metres
This prime development opportunity is perfectly positioned to take advantage of Mandurah's bustling amenities and vibrant lifestyle. Whether you're an astute developer or investor, this property holds immense potential for substantial returns.
For more information and to request copies of the precinct plan, please contact Simon Goodwin at Ray White Mandurah. Don't miss out on this exceptional opportunity to shape the future of this sought-after location.
Property features
-
Toilets
2
Property snapshot by reiwa.com
This property at 40 Elizabeth Street, Mandurah is a two bedroom, one bathroom house sold by Simon Goodwin at Ray White Mandurah on 21 Jun 2024.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Mandurah or see other recently sold properties in Mandurah.
Cost breakdown
-
Council rates: $2,800 / year
-
Water rates: $1,533 / 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
$577k
Median
$500k
Low end
$440k
31.6 %
Annual growth
$500k
Annual median sales price
$520pw
Annual median rental price
