3/27 Randell Street, Mandurah WA 6210
3/27 Randell Street, Mandurah WA 6210
Premarket risk | Compressed yield on 127sqm | Fully owner-occupied street limits scarcity upside | Long settlement lagged revaluation locked in.
This property is priced near its estimated value, but the compressed lot size on a fully owner-occupied street reduces future capital growth potential. The buyer’s cost is an entry at near-peak pricing with limited land leverage; the opportunity is a townhouse with two car spaces in a tight infill corridor, suited as a low-maintenance hold with stable tenant demand, not a flip.
Its competitive strength is a rare three-bedroom format on a small lot in a 100% owner-occupied street, which favours a buyer seeking security of tenure over volatility. Key features-two bathrooms and two car spaces-position it strongly for young families or professionals. This suits a buyer prioritising steady occupancy over speculative appreciation, where the next step is to verify recent comparable sales to ground the $689,000 ask in defensible data.
Given the 2022 sale, the compound annual growth rate is notable but compresses forward returns; this property’s value lies in its holding income, not its resale spike.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/27 Randell Street, Mandurah WA 6210
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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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
3
Bathroom
2
Parking
4
Land
127m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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