17 Elizabeth Street, Mandurah WA 6210

3 beds, 1062sqm block | 5% building coverage | 1964 build | Mandurah, 17 Elizabeth Street This property offers a rare combination of a generous 1062sqm lot with minimal building coverage, positioning it as a strong candidate for future subdivision or redevelopment in a well-located Mandurah setting. The 5% building coverage and 55sqm floorplan indicate significant land value relative to the dwelling, which is most attractive to buyers with a medium-term development outlook or those seeking to hold for land appreciation. The property serves best as a strategic land play rather than a turnkey home, given the modest 1960s structure and single bathroom. The primary risk is the condition and layout of the existing house, which may require substantial renovation for comfortable living or rental income, and the 1-bathroom configuration limits appeal to families. However, the 1062sqm lot in a residential zone with no overlay restrictions provides clear redevelopment optionality, and the 3-bedroom count, though disputed, supports immediate rental use at approximately $510pw. The buyer should approach this as a land-hold with cashflow, not a lifestyle purchase, and factor in holding costs while awaiting zoning or subdivision triggers.