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WA › Mullaloo › Olive Cove

15 Olive Cove, Mullaloo WA 6027

House

$1,385,000

Last sold

5 Oct 2021

4

Bedrooms

2

Bathrooms

2

Car spaces

965 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 $1,385,000 (5 Oct 2021).(Recorded sale)
  • FactLand 965 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Mullaloo (last 5 years) with land size: median $1,808/m² of land (n=101). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned Residential (1) under the JOONDALUP.(Landgate SLIP · 31 Aug 2026)

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?

No verification items generated for this record.

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

$1,385,000

5 Oct 2021 · derived via latest_sale

Local land rate: recorded House sales in Mullaloo (last 5 years) with land size have a median of $1,808/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

-5.0%

Median sale

Suburb $1,457,872

+0.15 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 scheme

JOONDALUP

Zone

Residential

1

Jurisdiction

Joondalup

Joondalup, WA

Planning overlays

  • bushfireNot detected
  • heritageNot detected

Development activity

Data unavailable

Source

  • Provider: Landgate SLIP
  • Dataset: Local Planning Scheme — Zones and Reserves (DPLH-071)
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 250835

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 detected — official

The official layer was queried and no bushfire risk zone was detected on this parcel (Landgate SLIP, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.

Heritage

Not detected — official

The official layer was queried and no heritage listed area was detected on this parcel (Landgate SLIP, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.

Records

Property history

  1. Sold$1,385,0005 Oct 2021
  2. Listedprice unknowncompleted23 Aug 2021
  3. Listedprice unknowncompleted23 Aug 2021

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 965 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

Flood overlay has not been queried for this lot. 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.

2 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 965 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?

    Knownmedium

    Official parcel about 968 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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 Olive Cove →

Listing material

Listed by Peard Real Estate Property Management

An Entertainer's Paradise!

OPEN BY APPOINTMENT ALL LONG WEEKEND.

The current owners of this enchanting 4 bedroom 2 bathroom two-storey family home have self-labelled their cherished residence "The Resort" - and it's not hard to see why. Nestled in cul-de-sac tranquillity 965sqm lot positioned to the rear of the driveway for further privacy, this charming sanctuary will capture your imagination in more ways than one.

Out back, a pitched alfresco with cafe blinds enjoys stunning ocean views over the treetops, also allowing to you absorb both magical sunsets and sensational sea breezes. The yard wraps around to a magnificent entertaining area where a "second" rustic alfresco overlooks a shimmering below-ground heated swimming pool (with a spa area), its striking water-blade feature endless liquid limestone, whilst itself playing host to more caf blinds for protection from the coastal elements, a ceiling fan, stone kitchen with a barbecue, a wine fridge, a stainless-steel double drinks fridge, double sinks, soft-closing drawers, an outdoor shower and a side-access gate for when your guests arrive.

Read the full description

Ample driveway parking space - including room for a large caravan/boat/trailer, complemented by a remote-controlled double lock-up garage and a large tiled home office (or studio) with split-system air-conditioning and entry via either the garage or separate double doors. It really is an ideal setup if you are running your own business.

Inside, there are three separate access points linking the backyard and alfresco to a tiled open-plan family and dining area, where most of your casual time will be spent. Decorative character ceiling roses meet an impeccable kitchen that flawlessly features sparkling granite bench tops, double sinks, quality tap fittings, Hamptons-style cabinetry, a five-burner Falcon gas-cooktop and double ovens, a matching black range hood, a semi-integrated Miele dishwasher and an integrated fridge/freezer combination. Also downstairs are a spacious formal lounge room and a commodious front master-bedroom suite with its own private courtyard - or parent's retreat, a large "his and hers" walk-in dressing room with built-in wardrobes and more and a fully-tiled ensuite bathroom with a skylight, walk-in rain shower, twin vanities and a toilet.

Upstairs, another tiled living area has its own "second" kitchen, as well as access out on to a fabulous wraparound rear balcony with cafe blinds and a mesmerising sea vista that encompasses our famous Rottnest Island. A fully-tiled main bathroom with a shower, toilet and vanity services the remaining three bedrooms.

Imagine a healthy lifestyle where both Mullaloo Beach and the exciting Ocean Reef Boat Harbour redevelopment are only minutes away, as are the likes of Ocean Reef Senior High School, Mullaloo Heights Primary School, picturesque Periwinkle Bush Park walking trails and the lush Charonia Park. Also nearby are the 24-hour IGA supermarket at Mullaloo Plaza, Mullaloo Beach Primary School, fantastic seaside cafes and restaurants, bus stops and other public-transport options, the freeway, the new-look Westfield Whitford City Shopping Centre, St Mark's Anglican Community School, golf courses, Hillarys Marina and so much more. What a spot!

Other features include, but are not limited to;

Front conservatory/sunroom with a garden aspect and plenty of natural morning sunlight filtering in, off the entrance

Raked portico entrance with a keyless front door (fob access)

Alternative upstairs kitchen with granite bench tops and splashbacks, plus Blanco gas-cooktop/oven/range-hood appliances

Large formal lounge with a gas log fireplace, Bamboo floorboards, a limestone feature wall and custom book shelving

Tiled kitchen flooring

Ceiling rose to the tiled master bedroom

Huge 2nd/3rd upper-level bedrooms with walk-in robes

4th upstairs double bedroom with a BIR

Fully-tiled laundry with double wash troughs, a double-door storeroom, a washer, dryer, a separate fully-tiled toilet and outdoor access down the side of the property

Wraparound under-stair storeroom/pantry

Downstairs linen press

Double-glazed commercial doors and windows, plus flyscreens throughout

7 Split-system air-conditioning units

Security-alarm system

Security doors

Feature down lights

Feature skirting boards

Foxtel connectivity

Tool shed

Gas hot-water system

Bore reticulation

Fruit trees

Olive tree

Grapevine

Hidden vegetable gardens

Chicken coop

Hidden garden courtyard

Large 965 sqm lot

Contact Jeff Coghill to arrange you viewing!

Listing description written by Jeff Coghill, Peard Real Estate Property Management — reproduced as published, not verified by Districts.

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.