25 Comet Street

A rare 809sqm (approx.) landholding with a wide 20.1-metre frontage, R25 zoning and outstanding potential for developers, SMSFs and long-term investors. The best investments aren't just about what they are today-they're about what they can become tomorrow. Set in one of Mandurah's consistently strong-performing suburbs, this substantial 809sqm (approx.) property offers the flexibility, location and development potential that astute investors actively seek. Whether your strategy is to develop now, land bank for future capital growth or secure a quality asset within your Self-Managed Super Fund, this is an opportunity that deserves your attention. The R25 zoning and generous 20.1-metre frontage provide exciting development possibilities (Subject to Council Approval), while the existing three-bedroom cottage offers the potential to generate rental income as you plan your next move. Location is what underpins long-term property performance-and this address delivers. Perfectly positioned within walking distance of the beautiful Mandurah Estuary, picturesque canals, cafés, shopping and local amenities, the property sits in an established neighbourhood where redevelopment is already transforming the streetscape. Savvy investors have recognised the area's potential, with many neighbouring properties already subdivided and redeveloped. The existing 1966 character home adds immediate holding appeal, featuring polished timber floorboards, high ceilings, three generous bedrooms, a spacious lounge, an open-plan kitchen, front verandah and a recently installed hot water system. With some cosmetic updates, the home could be revitalised to provide additional rental income while future development plans are considered. Even more appealing is the property's layout, with genuine side access allowing flexibility for future subdivision while potentially retaining the existing dwelling (Subject to Council Approval). Investment Highlights • Approx. 809sqm allotment with a 20.1-metre frontage. • R25 zoning offering exciting subdivision and redevelopment potential (STCA). • Existing three-bedroom, one-bathroom character home. • Potential holding income while planning future development. • Genuine side access providing greater design flexibility. • Walking distance to the Mandurah Estuary, canals, cafés, shops and local amenities. • Surrounded by established homes and ongoing redevelopment. • Ideal for SMSF investors, developers, land bankers and long-term investors seeking growth and future upside. Opportunities like this are becoming increasingly difficult to secure. With a premium location, strong underlying land value, development potential and an existing home providing immediate flexibility, this is more than just another property-it's an opportunity to secure an asset with the foundations for long-term wealth creation. Develop it. Hold it. Lease it. Grow with it. The choice is yours.