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Sold by HARCOURTS Mandurah - Jarrod Fleming
Investors, developers and renovators, your next lucrative venture awaits at 40 Peel Street, Mandurah.
Proudly presented by Jarrod Fleming from Harcourts Mandurah, this expansive property sits in the coveted R100 zone, offering a tantalizing mix of residential and commercial possibilities. With its generous size and strategic location, this is an opportunity you won't want to miss.
• Four Bedrooms, Two Bathrooms: Ideal for families or tenants seeking spacious accommodation
• Single Carport: Convenient parking solution for residents
• Large 964sqm Block: Endless potential for expansion or redevelopment
• Renovated Kitchen: Modern appliances and finishes enhance the appeal
• Fresh Interior Updates: New paint and carpets in central living areas for a contemporary feel
• 600mm Appliances, Double Dishwasher: Functional kitchen designed for convenience
• Theatre Room and Activity Room: Additional living spaces offer versatility
• Abundant Natural Light: Bright interiors create a welcoming atmosphere
• Three Split Systems: Ensuring year-round comfort throughout the home
• Covered Outdoor Entertaining Space: Perfect for hosting gatherings or enjoying alfresco dining
• Expansive Backyard: A blank canvas for landscaping or additional structures
• Granny Flat Potential: Explore the opportunity for a secondary income stream
• Extra High Ceilings: Enhancing the sense of space and openness
• On-Site Bore: Sustainable water source for gardening and outdoor activities
• Tin Roof: Low maintenance and durability for long-term value
• Established Gardens: Adding charm and character to the property's exterior
Development Opportunities: As part of the R100 zone, this property offers limitless development potential. Whether you envision mixed-use residential and commercial projects or wish to explore the feasibility of a granny flat, the possibilities are boundless. With ample space and flexibility, you have the freedom to bring your vision to life and capitalize on the booming Mandurah market.
Rental Yield and Income Potential: Having the Potential to generate $520 per week in rental income, this property boasts a high yield. Furthermore, the option to add a granny flat provides the opportunity for dual-income streams, maximizing returns for investors.
Council Enhancements: The ongoing development of the home's frontage by the local council further enhances its appeal and value. With continuous improvements in the surrounding area, now is the time to seize this promising investment opportunity.
Unlock the Potential: Whether you're an experienced developer seeking your next project or an investor looking to capitalize on Mandurah's growth, 40 Peel Street offers unrivalled potential.
Don't miss your chance to secure this prime piece of real estate and transform it into a lucrative asset.
Contact Jarrod Fleming from Harcourts Mandurah today at 0430 284 042 to schedule a viewing and discover the endless possibilities that await at 40 Peel Street, Mandurah.
This information has been prepared to assist in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Mandurah do not warrant or guarantee the accuracy of the information, or take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information.
Property features
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Garages
1
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Toilets
1
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Floor area
180m2
Property snapshot by reiwa.com
This property at 40 Peel Street, Mandurah is a four bedroom, two bathroom house sold by Jarrod Fleming at Harcourts Mandurah on 26 Apr 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.
Cost breakdown
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Council rates: $1,780 / year
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Water rates: $1,207 / 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
$510k
Median
$450k
Low end
$395k
26.8 %
Annual growth
$450k
Annual median sales price
$500pw
Annual median rental price
