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WA › Mullaloo › Korella St

23 Korella St, Mullaloo WA 6027

House

$1,890,000

Last sold

2 Dec 2024

4

Bedrooms

2

Bathrooms

2

Car spaces

846 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,890,000 (2 Dec 2024).(Recorded sale)
  • FactLand 846 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Mullaloo (last 5 years) with land size: median $1,781/m² of land (n=101). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

Last sold

$1,890,000

2 Dec 2024 · derived via latest_sale

Local land rate: recorded House sales in Mullaloo (last 5 years) with land size have a median of $1,781/m² of land (n=101). Districts calculation from recorded sales — not a valuation.

Mullaloo at a glance

6,946

People

$1,457,872

Median sale

$758/wk

Median rent

2.70%

Suburb gross yield

Median sale from 25 recorded sales (last 12 months) — a Districts calculation.

See the full Mullaloo report →

Vs Mullaloo

+29.6%

Median sale

Suburb $1,457,872

-0.61 pp

Gross yield

Suburb 2.70%

Suburb median $1,457,872 from 25 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$1,890,0002 Dec 2024
  2. Listedprice unknowncompleted6 Nov 2024
  3. Listedprice unknowncompleted6 Nov 2024

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 846 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 $758/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

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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 846 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

Mullaloo in one glance

Mullaloo at a glance

6,946

People

$1,457,872

Median sale

$758/wk

Median rent

2.70%

Suburb gross yield

Median sale from 25 recorded sales (last 12 months) — a Districts calculation.

See the full Mullaloo report →

Keep researching

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

Listing material

Listed by Listed Estate Agents

Salt-Kissed Air and Room to Spare!

This spacious and breezy 4 bedroom 2 bathroom single-level haven on a huge full-size block has been built for cherished family memories to be created by the shore, nestled only a stones-throw away from calm swimming and colourful sunsets at Mullaloo Beach and within easy walking distance of gorgeous Korella Park bushland at the end of the street and the wonderful Mullaloo Beach Primary School around the corner. A functional floor plan graced by generous proportions is destined to keep everyone happy here, along with a dream outdoor setting with a summer-ready swimming pool – and more.

WHY YOU SHOULD BUY ME:

• Approximately 300sqm of total house/living space, beyond a large gated front-yard entrance that is dominated by low-maintenance artificial turf and boasts an elevated Bali-style gazebo deck to watch the kids and pets at play in comfort

Read the full description

• Spacious open-plan formal lounge and dining room – essentially a fantastic multi-purpose zone with double-door access down the side of the house

• A massive open-plan family, meals and kitchen area with a French privacy door, a ceiling fan, a gas bayonet for heating, double-door access to the side garden, sparkling granite bench tops, a breakfast bar, walk-in corner pantry, a stainless-steel Smeg gas cooktop, dishwasher and more

• A large study/nursery with its own French door for peace and quiet – neighbouring the enormous master-bedroom suite and its fan, walk-in wardrobe and over-sized ensuite bathroom with a bubbling spa bath, twin “his and hers” vanities and more

• Generous 2nd/3rd/4th bedrooms with their own ceiling fans and three doors of built-in robes – serviced by a large powder room and spacious main family bathroom with a separate bath and shower

• Giant walk-in storeroom with drop-down-ladder access up to a mammoth storage attic with a light, a pitched ceiling and the potential for so much further storage

• A tranquil and private backyard off the family room, playing host to a huge pitched gazebo entertaining deck (with a fan and heater), overlooking a trickling mood-setting water feature and a shimmering solar-heated swimming pool, framed by tropical palm gardens

• A huge 49sqm (approx.) remote-controlled double lock-up garage, with extra-high ceilings, a wash trough and drive-through/roller-door access for trailers and the like, down the side of the property

OTHER FEATURES:

• Double French-door entrance

• 32-course-high ceilings

• Wooden floorboards

• Tiled main living space and wet areas

• Large laundry with a separate 3rd toilet, a fold-out ironing board and access to a side patio and two separate clotheslines

• Split-system air-conditioning

• A/V intercom system

• Ducted-vacuum system

• Security screens and door (rear)

• Outdoor poolside speakers

• New instantaneous gas hot-water system

• Three-phase power to the property

• Bore reticulation

• Extra parking space on the front verge for your boat, caravan or trailer

WHAT THE FUTURE HOLDS:

• A dream family lifestyle within arm’s reach of our pristine Western Australian coastline and so very close to the likes of the 24-hour IGA supermarket at Mullaloo Village Shopping Centre, the Ocean Reef Boat Harbour redevelopment, the local surf club, beachside cafes and restaurants, public transport, the freeway, Westfield Whitford City Shopping Centre, St Mark’s Anglican Community School, golf courses, Hillarys Marina, the new Hillarys Beach Club and and so much more

DISTANCE TO:

• Korella Park – one minute (60 metres approx.)

• Mullaloo Beach Primary School – one minute (400 metres)

• Mullaloo Beach/Tom Simpson Park/restaurants – two minutes (800 metres)

• Mullaloo Village Shopping Centre – three minutes (1.1 kilometres)

• St Mark’s Anglican Community School – seven minutes (3.4 kilometres)

• Westfield Whitford City Shopping Centre – eight minutes (3.5 kilometres)

• Hillarys Boat Harbour – 10 minutes (5.8 kilometres)

• Whitfords Station – 12 minutes (6.1 kilometres)

• Perth CBD – 28 minutes or 27.9 kilometres (approx.)

This information is for general guidance only, no warranty or representation is made as to its accuracy and should not be relied upon by any interested buying parties nor can the agent or seller be held liable or accountable for any details provided.

Listing description written by Jonathan Alsford, Listed Estate Agents — reproduced as published, not verified by Districts.

Property features

  • Toilets: 3
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.