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WA › Coodanup › Ironstone Ln

21 Ironstone Ln, Coodanup WA 6210

For saleHouse for Sale

$699,000

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

225 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $699,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $699,000(Listing record · 10 Aug 2026)
  • FactLand 225 m²; no building size recorded.(Property record)
  • CalculationAsk is 0% below the Coodanup median recorded sale ($700,000, n=54, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Coodanup's advertised median rent ($567/wk), implied gross yield would be 4.22% — 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

$699,000

Asking · $3,107/m² of land

No recorded sale for this property.

Coodanup at a glance

5,190

People

$700,000

Median sale

$567/wk

Median rent

4.21%

Suburb gross yield

Median sale from 54 recorded sales (last 12 months) — a Districts calculation.

See the full Coodanup report →

Vs Coodanup

-0.1%

Median sale

Suburb $700,000

+0.01 pp

Gross yield

Suburb 4.21%

Suburb median $700,000 from 54 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$699,000
Stamp Duty (Western Australia)
$27,218
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
$730,143

$31,143 on top of the price (4.5% 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 Coodanup's advertised median rent — not a rent for this listing.

Net yield
2.72%
Annual cashflow (pre-tax)
$-17,349
Interest cover (DSCR)
0.52
Annual rent
$29,484
Operating expenses
$10,485
Loan amount
$559,200
Annual interest
$36,348
Gross yield
4.22%

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

  1. Listed$699,000available10 Aug 2026

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 225 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 $567/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 4.2%. 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 225 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

Coodanup in one glance

Coodanup at a glance

5,190

People

$700,000

Median sale

$567/wk

Median rent

4.21%

Suburb gross yield

Median sale from 54 recorded sales (last 12 months) — a Districts calculation.

See the full Coodanup report →

Keep researching

  • Why Coodanup? Read the area thesis →
  • What else is on the market in Coodanup →
  • Other records on Ironstone Ln →

Listing material

Listed by Ray White Mandurah

Brand New, Just Completed 4x2 Modern Home - Low Maintenance Living!

Looking for something you can move into now-without the wait of building? This stunning brand new 4-bedroom, 2-bathroom home in the stunning Frasers Landing Estate is complete and ready to enjoy, offering modern comfort, smart design, and an easy-care lifestyle on a low-maintenance 225 square metre cottage block.

Perfectly suited for downsizers, first home buyers (with potential government grants), and investors seeking strong rental returns with depreciation and negative gearing options.

Property Highlights

Read the full description

Four Bedrooms + Two Bathrooms

-Spacious open plan layout with practicality in mind

-Bedrooms are carpeted for warmth and comfort

-Ducted reverse cycle air conditioning

-Dishwasher

Modern Finishes Throughout

-Kitchen has stone benchtops

-Tile floors throughout the main living areas

Gourmet Kitchen

-900mm gas cooktop and oven

-Stylish, modern look with great everyday functionality

- High ceilings throughout the main living and kitchen area

Instant Hot Water (Gas)

-Instantaneous gas hot water system for efficient daily living

Outdoor Entertaining

-Rear courtyard designed for entertaining, relaxing, and low-maintenance outdoor living

Secure Parking

-Double garage with remote door for convenience and security

Location You'll Love

All this, in a convenient spot with:

Walking distance to local schools

A short drive to the hospital and shops

Close to the stunning Peel Estuary, perfect for weekends, nature walks, and lifestyle escapes

Why You'll Want to Inspect

If you're thinking of building but don't want to wait 12 months, this is the one you can call home now.

If you're an investor looking for a property with rental return potential, plus depreciation and negative gearing options, this home ticks the boxes.

Don't Wait-Homes Like This Won't Last

Be quick to secure this brand new opportunity. Schedule your viewing today and be among the first to enjoy modern, low-maintenance living at its best.

Disclaimer: This information is provided for general guidance purposes only and is based on details 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 inquiries.

Please Note: Selected images have been virtually staged to demonstrate the potential use and scale of the spaces. The furniture and decorative items shown are computer-generated and are not included in the sale. The property is offered vacant unless otherwise stated

Listing description written by Simon Goodwin, Ray White Mandurah — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Ensuites: 1
  • Fully Fenced
  • Remote Garage
  • Secure Parking
  • 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.