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WA › Mandurah › Forrest St

U4, 59 Forrest St, Mandurah WA 6210

For saleUnit

$599,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

346 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $599,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $599,000(Listing record · 3 Aug 2026)
  • CalculationRecorded Unit sales in Mandurah (last 5 years) with land size: median $3,012/m² of land (n=3). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 20% below the Mandurah median recorded sale ($748,000, n=71, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mandurah's advertised median rent ($526/wk), implied gross yield would be 4.57% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$599,000

Asking · $1,731/m² of land

No recorded sale for this property.

Local land rate: recorded Unit sales in Mandurah (last 5 years) with land size have a median of $3,012/m² of land (n=3). Districts calculation from recorded sales — not a valuation.

Mandurah at a glance

10,291

People

$748,000

Median sale

$526/wk

Median rent

3.66%

Suburb gross yield

Median sale from 71 recorded sales (last 12 months) — a Districts calculation.

See the full Mandurah report →

Vs Mandurah

-19.9%

Median sale

Suburb $748,000

+0.91 pp

Gross yield

Suburb 3.66%

Suburb median $748,000 from 71 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$599,000
Stamp Duty (Western Australia)
$22,468
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$625,393

$26,393 on top of the price (4.4% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Mandurah's advertised median rent — not a rent for this listing.

Net yield
3.07%
Annual cashflow (pre-tax)
$-12,781
Interest cover (DSCR)
0.59
Annual rent
$27,352
Operating expenses
$8,985
Loan amount
$479,200
Annual interest
$31,148
Gross yield
4.57%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$599,000available3 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 346 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $526/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 346 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Mandurah in one glance

Mandurah at a glance

10,291

People

$748,000

Median sale

$526/wk

Median rent

3.66%

Suburb gross yield

Median sale from 71 recorded sales (last 12 months) — a Districts calculation.

See the full Mandurah report →

Keep researching

  • Why Mandurah? Read the area thesis →
  • What else is on the market in Mandurah →
  • Other records on Forrest St →

Listing material

Listed by The Agency Perth

Private, Secure & Perfectly Positioned

Tucked away at the rear of a quiet and well-maintained group, this beautifully presented unit offers the perfect combination of privacy, security and low-maintenance living in the heart of Mandurah.

Set on approximately 346m², this spacious home has been thoughtfully designed to cater to downsizers, first home buyers, retirees or anyone seeking a comfortable lock-and-leave lifestyle close to every convenience.

Step inside and discover a practical floor plan featuring a separate front lounge room, ideal for quiet relaxation, while the open plan living and dining area provides a light-filled central space for everyday living and entertaining. The well-appointed kitchen overlooks this area, ensuring you're always part of the conversation.

Read the full description

The generous master suite offers built-in robes and a private ensuite, while the two additional bedrooms are well-sized and also feature built-in robes. Air conditioning and ceiling fans provide year-round comfort.

Outside, a private courtyard creates the perfect spot to enjoy a morning coffee or unwind with friends and family. Residents also enjoy access to a beautifully maintained communal garden area, providing a peaceful green outlook rarely found in villa developments.

Positioned just moments from Mandurah's shopping facilities, cafés, restaurants, medical services, public transport and the foreshore, this home truly delivers a lifestyle of convenience.

Property Features:

-Three spacious bedrooms with built-in robes

-Two bathrooms including ensuite to the master bedroom

-Separate front lounge room

-Open plan living and dining area

-Well-appointed kitchen

-Air conditioning and ceiling fans

-Private rear position offering peace and security

-Private courtyard

-Single secure garage

-Approx. 346m² lot

-Beautiful shared garden areas

-No strata fees

-Close to shops, transport and Mandurah Foreshore

Investor Bonus

For investors, the property comes with an outstanding tenant who has happily called the villa home for the past five years. Currently leased until October 2026 at $520 per week, with the tenant keen to remain, this presents an excellent opportunity for immediate rental income and long-term stability.

A quality home, a fantastic location and an attractive investment opportunity all in one.

Contact Lisa Yates on 0419 845 740 or Joshua Leader on 0432 183 369 today to arrange your viewing.

Disclaimer:

This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

Listing description written by Lisa Yates, The Agency Perth — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Ensuites: 1
  • Living Areas: 1
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.