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 › Westra Way
$1,877,000
Last sold
31 Oct 2025
5
Bedrooms
2
Bathrooms
2
Car spaces
800 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
$1,877,000
31 Oct 2025 · 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
+25.6%
Median sale
Suburb $1,495,000
-0.68 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 800 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 800 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 Noble AvenuePositioned on an elevated 800sqm block in one of Ocean Reef's most sought-after streets, this immaculately presented coastal residence captures breathtaking panoramic views of the Indian Ocean. With light-filled interiors, soaring ceilings, and seamless indoor outdoor living, this is the ultimate family home designed for functionality, efficiency, and unforgettable coastal living.
From the moment you step inside, the home reveals its true heart — a spacious open plan living zone where the ocean views take centre stage. A generous lounge with feature fireplace flows into the dining area, while the newly renovated kitchen impresses with brand new appliances, sleek cabinetry, walk in pantry, and a thoughtfully designed layout that makes both everyday meals and entertaining a delight. Expansive windows draw in natural light and frame the stunning outlook, while sliding doors lead to the large covered alfresco, sparkling pool, and lush lawn, the perfect setting for family gatherings and summer entertaining.
The home also offers a formal lounge at the front, ideal for quiet retreat or entertaining guests. Privately positioned, the master suite is a true sanctuary featuring an oversized walk in robe, luxury ensuite with dual vanities, and sweeping coastal views. Three additional bedrooms are all generously sized to fit queen beds and include built in robes, while a versatile fifth bedroom can function as a nursery or home office. A well appointed powder room, along with a large separate laundry with abundant storage and linen cupboard, add to the home's family friendly design.
Freshly updated and move in ready, the property has been meticulously maintained and enhanced with brand new carpets, sheer curtains, shutter blinds, professionally painted interiors, refreshed bathrooms, and stylish kitchen upgrades, all thoughtfully completed so the new owners can simply move in and enjoy. A 6.6 kW solar panel system delivers outstanding energy efficiency and security alarm system for peace of mind.
Outdoors, the elevated position not only provides privacy but ensures every sunset can be enjoyed in style. Whether it is hosting large gatherings under the alfresco, cooling off in the crystal clear pool, or letting the kids and pets play on the lawn, this home has been designed with family lifestyle at its core.
Perfectly located just moments from the new Ocean Reef Marina, Iluka foreshore, schools, parks, and shopping, this magnificent residence represents a rare opportunity to secure a forever home in a premier coastal location. Within walking distance to the breathtaking Indian Ocean, every day here feels like a holiday. A home of this calibre, so close to the beach, is sure to impress.
KEY FEATURES:
- Panoramic ocean views from an elevated 800sqm block
- Immaculately presented family home with modern updates
- Expansive open plan living with high ceilings, feature fireplace, and seamless indoor outdoor flow
- Renovated kitchen with brand new appliances, walk in pantry, double sink, and ocean outlook
- 5 bedrooms including a luxury master suite with oversized WIR and double vanity ensuite
- 2 bathrooms plus powder room for family and guest convenience
- Formal lounge plus versatile 5th bedroom or home office
- Large separate laundry with linen cupboard and storage
- 6.6 kW solar panel system for energy efficiency
- Resort style outdoor living with covered alfresco, sparkling pool, and lawn area
- Freshly updated with new carpets, sheer curtains, shutters, paint, cabinetry, and refreshed bathrooms
- Security alarm system for peace of mind
- Prestigious location close to the new Ocean Reef Marina, Iluka foreshore, schools, parks, and shopping
THE SPECIFICS
Council Rates: $2,730 per annum
Water Rates: $1,700 per annum
Land Area: 800m2
Build Area: 345m2 (incl. garage, alfresco and porch)
Disclaimer:
This information is provided for general information and marketing purposes only and is based on information 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 enquiries.
Listing description written by Nikki Kale, Noble Avenue — reproduced as published, not verified by Districts.