Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

WA › Madora Bay › Coronado Way

61 Coronado Way, Madora Bay WA 6210

For saleHouse

$849,000

For sale

Asking

$770,000

Last sold

19 Sept 2025

4

Bedrooms

2

Bathrooms

2

Car spaces

375 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $849,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $849,000(Listing record · 4 Aug 2026)
  • CalculationRecorded House sales in Madora Bay (last 5 years) with land size: median $1,630/m² of land (n=130). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 12% below the Madora Bay median recorded sale ($965,000, n=87, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Madora Bay's advertised median rent ($661/wk), implied gross yield would be 4.05% — 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

$849,000

Asking · $2,264/m² of land

Last recorded sale $770,000 (19 Sept 2025).

Local land rate: recorded House sales in Madora Bay (last 5 years) with land size have a median of $1,630/m² of land (n=130). Districts calculation from recorded sales — not a valuation.

Madora Bay at a glance

6,009

People

$965,000

Median sale

$661/wk

Median rent

3.56%

Suburb gross yield

Median sale from 87 recorded sales (last 12 months) — a Districts calculation.

See the full Madora Bay report →

Vs Madora Bay

-12.0%

Median sale

Suburb $965,000

+0.49 pp

Gross yield

Suburb 3.56%

Suburb median $965,000 from 87 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$849,000
Stamp Duty (Western Australia)
$34,839
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
$887,764

$38,764 on top of the price (4.6% 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 Madora Bay's advertised median rent — not a rent for this listing.

Net yield
2.55%
Annual cashflow (pre-tax)
$-22,511
Interest cover (DSCR)
0.49
Annual rent
$34,372
Operating expenses
$12,735
Loan amount
$679,200
Annual interest
$44,148
Gross yield
4.05%

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

20252026$770k$849k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$849,000available4 Aug 2026
  2. Sold$770,00019 Sept 2025
  3. Listedprice unknowncompleted6 Aug 2025

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 375 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 $661/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 4.0%. 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 375 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

Madora Bay in one glance

Madora Bay at a glance

6,009

People

$965,000

Median sale

$661/wk

Median rent

3.56%

Suburb gross yield

Median sale from 87 recorded sales (last 12 months) — a Districts calculation.

See the full Madora Bay report →

Keep researching

  • Why Madora Bay? Read the area thesis →
  • What else is on the market in Madora Bay →
  • Other records on Coronado Way →

Listing material

Listed by Coastal Realty WA

Modern, Low-Maintenance and Close to the Coast

Coastal Realty WA is proud to present this beautifully presented four-bedroom, two-bathroom home in the sought-after beachside suburb of Madora Bay.

Built by Summit Homes in 2024, this stylish and low-maintenance property presents an excellent opportunity for investors, first-home buyers or downsizers seeking a modern home close to the coast.

Currently leased at $700 per week until 23 September 2026, the property provides immediate rental income while also offering potential for an owner-occupier to move in following the conclusion of the current tenancy, subject to the relevant tenancy arrangements.

Read the full description

Set on a 375sqm block, the home offers approximately 155sqm of internal living and 205sqm under the main roof. Surrounded by other quality homes and located approximately 1km from the beach, it combines contemporary comfort with an enviable coastal lifestyle.

The attractive rendered frontage is complemented by feature up-and-down lighting. Inside, a neutral colour palette, hybrid flooring throughout the main living areas, quality carpets in the bedrooms and roller blinds create a fresh and welcoming feel.

Positioned at the front of the home, the separate theatre room provides a valuable second living area—ideal for movie nights, quiet relaxation or a children's retreat.

The light-filled open-plan kitchen, living and dining area forms the heart of the home and features an eye-catching recessed ceiling. The well-appointed kitchen includes stone benchtops, a 900mm oven, gas cooktop, rangehood, overhead cabinetry, double fridge recess and a convenient servery window opening to the alfresco.

The adjoining scullery offers a walk-in pantry, second sink, dishwasher recess and direct access to the laundry, making everyday living practical and functional.

The spacious master suite features a large walk-in robe and a beautifully finished ensuite complete with a freestanding bath, oversized walk-in shower, double stone-top vanity and feature lighting.

The remaining three bedrooms are all generously sized and include built-in robes. The family bathroom is equally well presented, featuring a walk-in shower, stone-top vanity and ample storage.

Outside, the under-main-roof alfresco overlooks an easy-care backyard with established lawn, creating an inviting space for relaxing or entertaining without the burden of extensive maintenance.

Additional features include:

Ducted reverse-cycle air conditioning

Solar panels

Instant gas hot-water system

Separate theatre room

Stone benchtops throughout

Low-maintenance gardens

Approximately 1km from the beach

Madora Bay continues to be one of the region's most popular coastal suburbs, offering beautiful beaches, parks, schools, shopping and everyday amenities. Mandurah's foreshore, cafés, restaurants and marina are also only a short drive away.

Whether you are looking to expand your investment portfolio, purchase your first home, downsize or secure a modern coastal property to move into in the future, this home is well worth your inspection.

Please note that the property is being sold subject to the existing tenancy. The photographs used in this advertisement were taken in August 2025.

Private inspections are available by appointment.

How to Register Your Interest

This property is being sold via the Propps platform.

To register your interest:

Visit our website.

Locate the property listing.

Click the Interested to Buy button.

Follow the prompts to complete your registration and submit your offer.

For further information or to arrange your private inspection, please contact exclusive listing agents Clarissa Alsop or Cass Levitzke today.

Listing description written by Clarissa Alsop, Coastal Realty WA — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Fully Fenced
  • Remote Garage
  • Reverse Cycle Aircon
  • Secure Parking
  • Solar Panels
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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