View
Build the future here - R60 zoned development opportunity
What to Love
Set on a substantial 1,244sqm site, this property presents a clear development & investment opportunity.
With its R60 zoning and inclusion in the Mandurah Strategic Centre redevelopment framework, the property offers potential for up to eight units with a projected combined rental return of up to $200,000 per year.
More than just a development site, the property is currently home to a charming 1936 character residence, showcasing soaring ceilings and beautiful period detail. It features two bedrooms, a spacious main and a generous second, along with an updated bathroom and a well designed kitchen with abundant bench space.
At the centre of it all, positioned just minutes from Mandurah Forum, the Foreshore, and much more, this is an opportunity to develop where lifestyle and convenience meet effortlessly.
What to Know
The Potential:
• 1244 sqm site with 28m street frontage & 19m rear frontage
• R60 zoned property with potential for 8 units (STCA)
• Potential collective rental return of up to $200,000 per year
• Included within the Mandurah Strategic Centre redevelopment framework
The Home:
• Built in 1936 with gorgeous high ceilings & decorative detail
• Spacious main bedroom & generous second bedroom
• Bathroom with updated vanity, shower & toilet
• Smart kitchen layout with plenty of bench space
• Building & Pest inspection reports available
• Rental appraisal $450 to $500 per week
The Area:
• 750m to Aquatic And Recreation Centre
• 900m to Mandurah Forum
• 1.4km to Foreshore
• 2.1km to Train Station
Disclaimer - Every precaution has been taken to ensure the accuracy of the information provided; however, it does not constitute any representation by the vendor or agent. Prospective purchasers are advised to carry out their own due diligence to satisfy themselves with respect to all details. All measurements, sizes and amounts are approximate.
Who to talk to
James Caruana | 0448 896 032 | [email protected]
Property features
-
Air conditioned
-
Gas connected
-
Carports
1
-
Toilets
2
-
Floor area
74m2
Property snapshot by reiwa.com
This property at 5 Aldgate Street, Mandurah is a two bedroom, one bathroom house sold by James Caruana at Realmark Mandurah on 06 Mar 2026.
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: $2,000 / year
-
Water rates: $977 / 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
$720k
Median
$650k
Low end
$598k
17.1 %
Annual growth
$650k
Annual median sales price
$550pw
Annual median rental price
