4 Moonlight Street, Madora Bay WA 6210
4 Moonlight Street, Madora Bay WA 6210
Moonlight Street, Madora Bay | 2023 build, 4-bed, pool | 51% site coverage, high owner-occupancy | Coastal commuter edge, 5G ready | Under-roof space exceeds land footprint.
The propertyโs competitive strength lies in its near-new construction on a 484mยฒ lot with 245mยฒ of building area, a 51% coverage ratio that signals efficient use of land without sacrificing outdoor amenity. The in-ground pool, solar panels, and fully fenced yard position it as a low-maintenance coastal family home with strong owner-occupier appeal, supported by the streetโs 84% owner-occupancy rate. For a buyer seeking a turnkey house in a commuter corridor with school catchment access, this property reduces renovation risk and offers immediate livability. The front deck with ocean views adds a rare positioning edge for the street.
The primary risk is the asking price premium above estimated value, which may reflect recent construction costs or seller expectations rather than market comps. The conflicting build year and size data across sources introduce due diligence friction, and the 6-day market exposure suggests limited buyer traction at current pricing. The opportunity lies in negotiating toward the estimated value, using the nearby off-market comparable at $1,142,000 as a floor. This property should be held as a primary residence or medium-term rental, with the pool and solar panels reducing holding costs.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Madora Bay is a coastal suburb positioned for lifestyle buyers seeking proximity to Mandurah with a relaxed ambience. Demand is driven by owner-occupiers drawn to its coastal character and improved transport links, supporting strong recent price growth. The market is active with homes selling quickly, though new housing supply presents a potential constraint on organic capital growth, while rental pressure remains due to limited stock.