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 › Lexcen Cres
$1,385,000
Last sold
5 June 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
428 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
$1,385,000
5 June 2024 · derived via latest_sale
Local land rate: recorded House sales in Ocean Reef (last 5 years) with land size have a median of $1,919/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
-7.4%
Median sale
Suburb $1,495,000
+0.26 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 428 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 428 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby 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.
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 EstateIf you're looking for a fabulous family home in a superb and central beachside location, this is the one for you. Directly opposite Lexcen Park, this two-storey home also benefits from being close to Ocean Reef SHS and Ocean Reef Primary School, as well as Prendiville Catholic College, St Simon Peter's and Beaumaris Primary Schools. You definitely won't need the car for school runs in this prime position.
As well as being walking distance to great schools, this home is also ideally located for the beach, as well as Ocean Reef's up-and-coming marina.
The newly redeveloped Ocean Reef Shopping Centre is close by, with its superb new cafe, plus you have all the amenities, shops, cafes, bars and restaurants of Joondalup just a few minutes drive away. Everything you could possibly need is right on your doorstep!
Sitting on a good-sized block with potential subdivision development (subject to WAPC approval), this spacious property is ready for you to make a great family home. With loads of living space and good-sized bedrooms (all with ceiling fans), as well as a massive front study and sunken games room, there's space for the entire family to work, rest and play.
At the heart of the home is a huge kitchen with Dishlex dishwasher, double sink, electric wall oven and double pantry.
Brilliantly, the parents have their own private retreat on the upper floor of the home, complete with views over the park to the ocean beyond. There's another living space on this upper floor, along with the king master suite, walk-in robe and ensuite.
In its original condition, this home has never before been listed on the market. It provides a great opportunity for investors, renovators or families who want to create their forever home on a blank canvas. With just a little bit of imagination and creativity, you could make this home your own in a dream location.
Features
Two-storey directly opposite Lexcen Park
Never been on the market before - make your unique mark on this quality home
Loads of living space - front lounge, huge family room, games room and upstairs living
Walk to great primary schools and high schools
Massive kitchen with quality appliances
Parents' retreat on first floor
Master suite with ocean and park views, plus ensuite and walk-in robe
Three double-sized bedrooms with ceiling fans
803 sqm approx. sized block (potential subdivision subject to WAPC)
Build year 1993
Listing description written by Pauline Lyon, Peard Real Estate — reproduced as published, not verified by Districts.