56/98 Mandurah Terrace Mandurah WA 6210

Top-floor unit with city views | 2×2 in walkable Mandurah | Fully furnished, tenanted until Nov 2026 | Flood overlay flagged. This unit offers a rare combination of immediate income and low-maintenance positioning in a sought-after coastal pocket. The top-floor layout provides privacy and natural light, while the open-plan living with updated kitchen and wood-look flooring appeals to owner-occupiers or investors targeting the professional or downsizer demographic. Being fully furnished and tenanted at $480/week until November 2026 removes vacancy risk and gives a buyer time to assess the market, refinance, or adjust the lease. The proximity to Mandurah Foreshore and Dolphin Quay supports strong rental demand and capital growth potential over a 3-5 year hold. The flood overlay is the primary risk, as it may affect insurance premiums and future resale liquidity for some buyers. Heritage overlay adds minor approval constraints but does not typically deter value in this location. The 1978 build means older fittings and potential maintenance, though the complex is described as well-maintained. The 55m² footprint is compact, limiting appeal for families but ideal for singles or couples. The buyer should verify the inventory list and confirm the tenant’s condition report. For a buyer seeking a turnkey, cash-flow-positive entry into Mandurah’s coastal belt, this unit works as a hold-and-lease proposition with optional owner-occupation after the current lease ends.