Sold
72 Boundary Road, Mandurah WA 6210
Sold price: $220,000
Sold: 19 Aug 2020
Sold
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7 Bedrooms
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3 Bathrooms
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2 Cars
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Landsize 1,012m2
Unit
View
POTENTIAL PLUS!
On offer is a bargain priced property which was built as flats in 1959. Over the years the property has seen some alterations, leaving us with today's current configuration of two units in the main building and a third standalone unit immediately behind.
Unit 1, previously Units 1 and 2, is a two-bedroom one-bathroom unit with a good-sized basic kitchen/ meals area, lounge, two double bedrooms and a bathroom and laundry. While, Unit three is currently in need of renovation but is the largest unit. It consists of 3 double bedrooms, one and half bathrooms, spacious, but basic kitchen/diner, study/activity, lounge room with the bathroom being semi-ensuite to the main bedroom, with a breezeway out the back. Finally, Unit 4 is a small free-standing home unit with 2 double bedrooms, open plan kitchen/diner, lounge, and a large wet room at the rear. This unit also is separated from the other two units by a fence and has a lovely garden which is maintained by the current tenant.
At present there are two long-term tenants, both over 14 years in residence, who wish to stay, giving a solid return on the investment. Plus, when unit 3 is renovated, it would only increase the income to be made- or one may choose to reside in it while the current rental income helps with the mortgage.
There is a large carport/workshop at the rear for parking and the odd project or two. The tenant of Unit 4 keeps the bore reticulated gardens wonderfully, there are Grape vines, a Loquat tree, and some citrus to enjoy, plus the block is zoned R25 for duplex development potential in the future.
Of course, being close to the delights of the Mandurah Foreshore and with the city centre practically at your doorstep- lovely walks along the estuary-side, launching a boat and of course fishing is here to enjoy, plus all the Pubs, Clubs, and Restaurants of the city's Entertainment Precinct. It is just a short drive to the local quality schools, the Mandurah Forum and train station.
Call Barry Mitting direct on 0414 475 607 to book your inspection today!
Property features
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Carports
2
Property snapshot by reiwa.com
This property at 72 Boundary Road, Mandurah is a seven bedroom, three bathroom unit sold by Barry Mitting at H & N Perry on 19 Aug 2020.
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: $2,700 / year
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Water rates: $2,209 / 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
