21/1 Barracks Lane, Mandurah WA 6210
21/1 Barracks Lane, Mandurah WA 6210
3-bed apartment with 2-car parking | 166 sqm internal space | Heritage overlay in central Mandurah | Rare configuration for downsizers and lifestyle buyers
This unit offers an unusually generous footprint for an apartment in central Mandurah, with the 3-bedroom, 2-bathroom layout and two dedicated car spaces placing it well above the typical investor-grade unit stock in the area. The heritage overlay and 2010 build year combine to give the property a sense of established character without the maintenance burden of an older dwelling, which is likely to appeal most strongly to downsizers and owner-occupiers seeking a low-maintenance base near the waterfront, cafes, and dining precincts. The larger internal area of 166 square metres also makes this a more liveable proposition for those accustomed to house-sized rooms, and the absence of flood or bushfire overlays reduces environmental risk in a coastal setting where such concerns are not uncommon.
The heritage overlay may affect the flexibility for future alterations or extensions, which could narrow the pool of buyers who value the ability to modify the property significantly over time. The strata arrangement and common-property costs have not been detailed in the available information, so a prospective buyer should verify the strata levies and any sinking fund commitments before forming a view on the ongoing holding costs. The rental estimate of $840 per week against the asking price suggests a moderate gross yield, which may be acceptable for an owner-occupier but could feel less compelling for an investor comparing against higher-yielding suburban houses in the broader Mandurah market.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 21/1 Barracks Lane, Mandurah WA 6210
Market Insight:
Mandurah has evolved into a thriving coastal city, attracting strong demand as a sea-change destination. This appeal is driving robust growth in both house and unit values, supported by a fast-moving market with limited listings. While its popularity underpins resilience, key constraints include a significant affordability gap compared to Greater Perth and tight supply restricting buyer choice.