2/67 Sutton Street, Mandurah WA 6210

3-bed townhouse, central Mandurah | Tenanted until Nov at $550pw | Flood and heritage overlays flagged | Complex sale at $602k sets floor This property sits in a tightly held strata of seven, where a near-identical unit sold in June 2025 for $602,000, giving a clear and recent price floor. The current asking range of offers from $639,000 is positioned below the estimated value band of $695,000 to $739,000, which suggests room for negotiation or immediate equity. The tenancy at $550 per week until November provides income from day one, and the rental estimate of $580 per week indicates potential for a modest increase at lease renewal. For a buyer seeking a low-maintenance, centrally located townhouse with an established rental history and a proven sales benchmark, this property offers a defensible entry point. The flood and heritage overlays are material risks that may affect insurance costs and future renovation flexibility, and they should be confirmed through council searches before exchange. The 212m² lot size is small, limiting scope for value-add improvements, but the 137m² internal area is generous for a townhouse of this vintage. The complex’s 70% owner-occupier ratio supports stable tenancy and building care. Hold this property for its steady rental yield and capital growth tied to Mandurah’s improving infrastructure, and consider refinancing after the tenancy ends to release equity for your next purchase.