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WA › Leda › Madge Way

5 Madge Way, Leda WA 6170

House

$525,000

Last sold

6 Dec 2023

4

Bedrooms

2

Bathrooms

2

Car spaces

487 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 $525,000 (6 Dec 2023).(Recorded sale)
  • FactLand 487 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Leda (last 5 years) with land size: median $868/m² of land (n=156). 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

$525,000

6 Dec 2023 · derived via latest_sale

Local land rate: recorded House sales in Leda (last 5 years) with land size have a median of $868/m² of land (n=156). Districts calculation from recorded sales — not a valuation.

Leda at a glance

3,367

People

$770,000

Median sale

$542/wk

Median rent

3.66%

Suburb gross yield

Median sale from 23 recorded sales (last 12 months) — a Districts calculation.

See the full Leda report →

Vs Leda

-31.8%

Median sale

Suburb $770,000

+1.71 pp

Gross yield

Suburb 3.66%

Suburb median $770,000 from 23 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$525,0006 Dec 2023
  2. Listedprice unknowncompleted8 Nov 2023

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 487 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 $542/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 487 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

Leda in one glance

Leda at a glance

3,367

People

$770,000

Median sale

$542/wk

Median rent

3.66%

Suburb gross yield

Median sale from 23 recorded sales (last 12 months) — a Districts calculation.

See the full Leda report →

Keep researching

  • Why Leda? Read the area thesis →
  • What else is on the market in Leda →
  • Other records on Madge Way →

Listing material

Listed by JW Residential

Why: Whether seeking a quality family home or a low maintenance investment, this perfectly placed property will meet your needs

What: A 4 bedroom, 2 bathroom home with ample living throughout the interior and gardens, on a 487sqm lot

When: Location and layout combine to create comfortable living for a range of buyers

Where: On a peaceful street, moments from parkland, schooling and the various shopping and dining facilities of nearby Wellard

Read the full description

Sitting in an elevated position with the fantastic Runnymede bushland, basketball courts and parkland at the end of the street you find this neat a tidy 4 bedroom, 2 bathroom home. With plenty of living options and a large open garden you have a flexibility to the floorplan with its versatile design and muted colour scheme allowing for you to really make this home your own, and with its location near to the popular Wellard Shopping Centre with its train link to the CBD, this is a superb option for the professional, family or investor seeking both convenience and comfort.

With sizeable lawn to the front garden and a single covered carport the classic exterior opens into a central foyer with the master suite sitting to the left, with carpeted flooring, plenty of natural light, a walk-in robe and ensuite with shower, vanity, and WC. Opposite here you find your formal lounge, with neutral tiling underfoot and a spacious open layout flooded with soft natural lighting, plus a useful study or activity nook depending on your needs.

Moving through the home you enter the open plan family hub, with your living, dining, and kitchen, before a passage to the left directs you to the three minor bedrooms, all of a good size and carpeted under foot, with two providing open robes for storage, the bathroom is placed centrally offering a bath, shower and vanity plus a private WC and laundry with open shelving and direct garden access.

Your family living area wraps around the contemporary kitchen, with a warming wood fire for complete comfort in those cooler months and a split system air conditioning unit to combat the summer heat, with the kitchen offering an in-built stainless-steel oven and gas cooktop, crisp white cabinetry, and a freestanding island bench for gathering around.

Moving outside, your alfresco area is covered with a gabled roof and runs along the side of the home, offering a range of uses, with the rear yard fully fenced to allow the children or pets to safely play, with plenty of lawn and a handy garden shed for storage.

And the reason why this property is your perfect fit? Because this neat and tidy home offers relaxed, low maintenance living close to all the amenities you could need.

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 Nikki de Rijcke, JW Residential — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • Living Areas: 2
  • 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.