50 Thornbill Cres, Coodanup WA 6210

Modern build in established estate | Tenanted with intent to stay | Low-maintenance lock-and-leave | Zoned for medium-density future This property presents a compelling, low-effort entry into the Mandurah market, distinguished by its 2016 construction within a mature community. Its tenanted status with a cooperative occupant provides immediate, stable income, reducing vacancy risk from day one. The low-maintenance design and R30 zoning specifically suit an investor seeking a hands-off holding with future redevelopment potential, or a downsizer prioritizing security and simplicity. Its competitive edge lies in this operational turnkey condition within a sought-after estate near natural amenities. Key risks are the overlays for bushfire and flood, which necessitate specific insurance assessments and may impact future borrowing or construction costs. The strata fees, while moderate, are a fixed carrying cost against the rental yield. The commercial logic is clear: acquire a modern, tenanted property with below-market estimated value, secure its income stream, and hold within a growing suburb. For a buyer, this is a defensive investment to hold for medium-term capital growth while collecting reliable rent. Recent sales context on Thornbill Crescent shows a 2-bedroom, 2-bathroom unit at number 58 recently sold (price undisclosed), indicating active demand in the immediate vicinity. This transaction, alongside the suburb’s 11% growth, supports the valuation thesis for this larger, 3-bedroom home. The listed price in the high $500,000s sits notably below the $633,000 estimated value, suggesting a potential value gap if the property’s condition and tenancy are as presented.