Ocean Reef at a glance
9,002
People
$1,495,000
Median sale
$960/wk
Median rent
3.34%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
WA › Ocean Reef › Stem Pl
$885,000
Last sold
29 Sept 2021
4
Bedrooms
2
Bathrooms
2
Car spaces
705 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$885,000
29 Sept 2021 · derived via latest_sale
Local land rate: recorded House sales in Ocean Reef (last 5 years) with land size have a median of $1,923/m² of land (n=102). Districts calculation from recorded sales — not a valuation.
Ocean Reef at a glance
9,002
People
$1,495,000
Median sale
$960/wk
Median rent
3.34%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Vs Ocean Reef
-40.8%
Median sale
Suburb $1,495,000
+2.30 pp
Gross yield
Suburb 3.34%
Suburb median $1,495,000 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 705 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.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $960/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
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
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.”
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
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
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 705 m² — that is not official geometry.
Nearby development pipeline
Area
Ocean Reef at a glance
9,002
People
$1,495,000
Median sale
$960/wk
Median rent
3.34%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Peard Real Estate Property ManagementMake those dreams of living in a beachside suburb a reality with this Ocean Reef gem.
Tucked away in a quiet cul-de-sac, only a few hundred metres from the beach and the upcoming, world-class marina, this spacious home offers a holiday lifestyle all year round, with the most incredible entertaining space you could possibly imagine.
Start sending out the invitations, because you'll want to show off this home to family and friends. The generous family, meals and kitchen area lead out on to an enormous alfresco entertaining space, which can be opened up via bifold doors to a tranquil decked area outdoors.
Boasting a magnificent pizza oven, two bar fridges and a sink, this indoor-outdoor entertaining space is one of a kind and includes 13 high quality sound speakers.
All this, plus a fibreglass salt pool, with even more entertaining space.
Inside, this is a home designed for relaxed coastal living, with stunning marri timber flooring throughout. At the heart of the home is a designer kitchen with granite benchtops and quality, stainless-steel appliances, including a dishwasher. And just wait until you see the renovated family bathroom and ensuite, with luxury bath and porcelain tiling!
With four generous bedrooms, plus a fifth room that could be used as a bedroom or home office, this is a home ideally suited to families who love entertaining all year-round.
This property is a large corner block which is currently zoned as R20, with the potential to be subdivided into two blocks subject to approval by the local authorities.
Features;
Five bedrooms, two bathrooms
Huge indoor-outdoor entertaining alfresco
Bifold doors to timber-decked outdoor area
Wood-fired pizza oven
3 large main Bose speakers and 10 ceiling-mounted Phillips's speakers
2 Bar fridges
Pool
Established fruit trees to the front of the home
Marri timber flooring
Evaporative ducted air-con , 2 reverse cycle split systems and gas points
Side access for boat/caravan parking
Renovated second bathroom
Massive master suite with built-in robes and luxury ensuite
Kitchen with granite tops and dishwasher
Large front room or fifth bedroom/home office
Double linen
Alarm system
Fully reticulated
Large corner 705sqm block, potential subdivision (subject to WAPC approval)
Incredible location close to new marina
Walk to the beach
Close to great primary schools and high schools
Close to new cafe and shops on Marina Boulevard
Listing description written by Pauline Lyon, Peard Real Estate Property Management — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.