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5 Cox Street, Mandurah WA 6210

Offers Over $649,000

Listed: 32 days ago
Updated: 25 days ago
Overview

Located in the heart of Mandurah, this expansive 1,298 square metre property is zoned R60, offering significant development potential for investors, developers, or land bankers seeking a promising opportunity in a rapidly evolving area.

The wide frontage of nearly 38 metres combined with development-friendly zoning invites a range of possibilities, from multi-unit projects to townhouse developments, subject to council approvals. This makes it an attractive parcel of land for those looking to capitalize on future urban growth.

On the site sits an existing three-bedroom, one-bathroom house offered in "as is, where is" condition. This flexibility allows buyers to renovate and lease the property while planning the next steps or to clear the site and maximize redevelopment potential.

  • Generous land area suited for a variety of building options with R60 zoning.
  • Wide frontage enhances subdivision or redevelopment possibilities.
  • A fully fenced property providing privacy and security.
  • Additional large undercover storage ideal for boats, caravans, or equipment.
  • Current rental income with a periodic lease, offering investment returns.

Situated centrally, the location benefits from close proximity to key amenities including shopping centres like Mandurah Forum, transport hubs such as Mandurah Train Station, a variety of schools, cafes, restaurants, parks, medical facilities, and efficient public transport options. This accessibility and locale scarcity of large R60 sites underline the property's unique appeal.

Overall, this opportunity suits experienced developers seeking a prime project site, savvy investors looking for growth, or purchasers wanting to secure a substantial landholding in a sought-after suburb with excellent prospects. Its scale, zoning, and location make it a compelling proposition that merits prompt consideration.

Local Market Insights

In Mandurah, Quiet Listings observed 129 new houses entering the market over the last 30 days, down from 135 during the previous 30-day period, with an average advertised asking price of $983,798. The property type mix of listed properties is predominantly Houses at 78%, followed by land (8%), and units (5%). The most active agency for houses in the Mandurah area is currently Harcourts, representing 29% of new listings, followed by Belle Property with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Location
Market Insights for Mandurah WA 6210
New Listings (last 30 days)
129
Average price
$983,798
Lowest price
$549,000
Highest price
$3,000,000
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