10/132-140 Mandurah Terrace, Mandurah WA 6210
10/132-140 Mandurah Terrace, Mandurah WA 6210
A two-bedroom one-bathroom unit in the Mandurah Lakeside Villas complex, built 1986. Building area 81 square metres on a 598 square metre lot. One carport. Located within the John Tonkin College intake area. Subject to flood fringe and heritage overlays. NBN fibre and 5G coverage. Described as a fixer-upper suited to downsizers.
What sets this property apart is its generous lot size within an established complex, giving it a rare land component for a unit of this type. The flood and heritage overlays are constraints, but they also mean the surrounding area is stable and unlikely to see disruptive redevelopment. That stability appeals strongly to downsizers and retirees who value predictable neighbourhood character. The fixer-upper condition creates an opportunity for a buyer to add value through renovation, especially given the good school catchment and modern connectivity like fibre NBN. This property serves best the buyer who sees beyond surface condition and is comfortable working within planning overlays to unlock potential in a well-positioned suburban setting.
The flood fringe overlay may affect insurance costs and limit certain renovations or extensions, and the heritage overlay might require approvals for external changes. These factors could influence how much a buyer is willing to pay relative to similar units without such restrictions. The age of the building-approaching forty years-may mean some structural or service upgrades are needed sooner rather than later. On the positive side, the large lot and existing footprint offer scope for internal improvements that could lift the property’s market position. Any price view should weigh the renovation budget and insurance implications against the enduring appeal of this established location.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/132-140 Mandurah Terrace, Mandurah WA 6210
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
598m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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