3/15 Cox Street, Mandurah WA 6210

Top-floor villa | walk to town & beach | modern 2016 build | strong rental yield potential This property presents a rare combination of modern construction and coastal proximity in a market where older stock dominates. The top-floor positioning with private balcony and coastal breezes gives it a clear advantage over ground-level units, while the 2016 build means minimal immediate maintenance obligations. The open-plan layout and secure parking with storeroom suit both owner-occupiers seeking low-maintenance living and investors targeting the professional or downsizer demographic. Located within walking distance to Mandurah town centre and Silver Sands Beach, it captures demand from those wanting a lock-and-leave coastal retreat without sacrificing urban amenity. The principal risk is the 104m² lot with 74m² internal space, which limits family appeal and may constrain capital growth compared to larger properties. Strata fees of $571 quarterly are moderate but must be factored into holding costs, and the property’s classification as a villa or apartment in different sources suggests potential buyer confusion at resale. However, the rental appraisal of $480–$590 per week against a $640k midpoint value delivers a gross yield of 3.9–4.8%, which is competitive for Mandurah. The 2023 purchase price of $249,000 reflects a different market, but the current estimated range of $610k–$670k aligns with recent comparables. This property works best as a hold for steady rental income or a personal coastal base, not a short-term flip.