Sold
7 Preston Street, Mandurah WA 6210
Sold price: $283,000
Sold: 06 Apr 2022
Sold
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3 Bedrooms
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1 Bathroom
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2 Cars
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Landsize 894m2
House
View
SOLD BY VERONICA COLE - ACTON MANDURAH
PRICE REDUCED TO 279,000 - $289,000
Develop - Demolish - or Invest
Huge Development Potential here with an R60 Zoned Inner-City Precinct Plan - 894 Sqm Block. Subject to WAPC & Mandurah City Approval development scenarios could be 4 to 8 units, depending on design/concept plans with a possibility to build 8 x 2-bedroom,
2-bathroom units or 4 x Free Standing 3 bedroom, 2-bathroom Villas.
(Nb: Requirements of the Inner Mandurah Precinct Plan will determine the design).
Located in a quiet, side street in the heart of Mandurah's CBD, this property offers outstanding options for either a developer or switched-on buyer looking for a package deal of home and investment for the future. This 1960's Character home, boasts 3 Bedrooms,
1 Bathroom and it's extremely cute but does need some TLC. It would be the perfect rental or a holiday shack (tenant in place for 6 months). Such a large block - so plenty of room to build a huge workshop, park your boat or caravan and enjoy the numerous water activities in and around the Mandurah & Peel Region. If you have just sold the family home and ready to "hit the road" in that snazzy new van and looking for a base for your travels, well this would be perfect!
It ticks lot of boxes with just minutes to all Mandurah has to offer, beaches, rivers, superb shopping precincts, schools, stunning golf courses and the superb Performing Arts/Entertainment centre. With quick and easy access to the southern regions of Margaret River and only a short 50 min drive to Perth City - this is an ideal investment property.
Do you really need any more reasons to buy this little gem?
• 894 Sqm Block - quiet side street location - 22 Metre Frontage
• Potential sub-division (Sub to Planning Approvals & Inner-City Precinct Plans)
• Sewer, Gas avail in street,
• Tenant that would love to stay
• Huge Block to park all the toys
• Room to build a huge Workshop
• Close to everything and an incredible investment
A great property with genuine options, so why not call the City of Mandurah 9550 3777 make your enquiries, take a drive by to appreciate the location and then call me Veronica Cole on 0417 972 903.
NB: All buyers need to conduct their own due diligence on developments and future planning requirements with local authorities.
Property features
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Garages
2
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Floor area
110m2
Property snapshot by reiwa.com
This property at 7 Preston Street, Mandurah is a three bedroom, one bathroom house sold by Veronica Cole at Acton | Belle Property Mandurah on 06 Apr 2022.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Mandurah or see other recently sold properties in Mandurah.
Cost breakdown
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Council rates: $1,600 / year
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Water rates: $994 / 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
