Address
6 Short Street, Mandurah WA 6210
Investment Strategy
Positive Cashflow/High Yield
Development Timeline
Property Purchased
Advertised For Rent
About the Property
Nestled in a quiet street with friendly neighbours, this charming three-bedroom Mandurah home offers a rare opportunity for both investors and first-time buyers. This original brick construction boasts a generous 892sqm allotment with a 23-meter frontage, offering exciting potential for future development.
Step inside and discover the beauty of solid Jarrah floorboards, flowing throughout the home. A spacious 7m x 6m patio beckons outdoor relaxation, while multiple sheds provide ample storage solutions. Enjoy the fresh bounty from a variety of fruit trees, nurtured by a convenient retic system fed by a bore.
This comfortable home boasts a cozy fireplace for winter warmth, while Braemar evaporative cooling and an air conditioner in the lounge ensure year-round comfort. With high occupancy expected in the current rental market, this property presents a lucrative opportunity for investors seeking a steady income stream.
Whether you envision a sympathetic modernization or are drawn to its original charm, this Central Mandurah secret offers endless possibilities. With its generous land size, potential for side access, and prime location, this hidden gem is waiting to be discovered.
From the reiwa.com.au listing
Investment Stats
2022
8.5
8.8
About the Suburb
Mandurah: A Vibrant Coastal City with Strong Growth Potential
Mandurah, a thriving coastal city south of Perth, offers a dynamic and diverse environment for residents and visitors alike. The suburb boasts a growing population of 8,804, with a strong owner-occupier rate of 30%, indicating a stable and committed community.
Affordability is a key draw for Mandurah, with a median house price of $369,000. The market demonstrates healthy growth, with a 29% IQR percentage median and a low 32-day DOM (Days on Market), indicating properties are selling quickly.
Investors will appreciate the robust rental market in Mandurah, with a high rental yield of 6.3% and a low vacancy rate of 0.4%. Additionally, the impressive market absorption rate of 26% indicates strong demand for rental properties, ensuring consistent returns.
Mandurah’s future is bright, with a promising 8.5% suburb growth rate. This upward trajectory suggests exciting development opportunities and a consistently improving quality of life for residents.
In summary, Mandurah offers a compelling combination of affordability, strong growth potential, family-friendly amenities, and a thriving rental market. Whether you’re seeking a permanent home, a profitable investment, or a vibrant coastal lifestyle, Mandurah presents a remarkable opportunity.
Suburb Median
Vacancy Rate
