Back 490 Pinjarra Rd
Off Market

490 Pinjarra Rd

Furnissdale WA 6209

4200 m²
Land
Ray WilsonRay Wilson, last sold this property on 19 May 2025 after 192 days on market.

Overview

Fantastic, Unique Investment!

A rare and unique investment opportunity is on offer here in the highly sought after, ever growing Riverglades Private Estate. This opportunity consists of 20 blocks on land all in the 200 square metre range, are all occupied with tenanted units, with the tenants all being locked in for the next 5 years including a 4% increase every year! These blocks have fantastic rental yield, a 0% vacancy rate, no maintenance requirements and 100% of the rent is always paid on time making this opportunity a secure investment for your future. The Riverglades Private Estate is a unique property development situated on the banks of the Serpentine River it is secluded and quiet yet so close to all your local amenities with the Mandurah forum & train station being just a 5 minute drive away and the picturesque Dolphin Quay and Mandurah foreshore just 10 minutes away! Give Ray Wilson a call on 0403 417 710 for further information on this fantastic investment opportunity!

Features

4200 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Furnissdale over the last 12 months, the estimated median property value of 490 Pinjarra Rd is $281.05k.

Median value
$281.05k
Estimated value range
$225.5k - $950k
Median days on market
110
Estimated value trend
0%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Furnissdale. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 490 Pinjarra Rd

2025
Sold
Undisclosed
19 May 2025 by Ray Wilson, of @realty - WA
2022
Sold
$65,000
Private Sale/Treaty on 01 Nov 2022 by Andy Wilson, of @realty - WA
2022
Rented
Undisclosed
Leased on 30 Aug 2022 by Professionals Mandurah

Happy sellers in Furnissdale

92%
92% of sellers in Furnissdale reported that their sale price either exceeded or met their price expectations.

Furnissdale stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Furnissdale over the last 12 months.

Local market activity for land plots in Furnissdale

In the last 12 months, 29 land plots similar to 490 Pinjarra Rd, have been sold.

This represents a 2800% decrease in land plots sales when compared to the previous 12 months.

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