21A Cockpit Way, Ocean Reef WA 6027

Townhouse on 405m² | strong suburb growth | school catchment | dual living zones | value gap risk This property offers a rare configuration in a tightly held coastal suburb, with a 405m² land holding that provides more outdoor space than most townhouses in the area. The dual living areas and built-in robes add practical family appeal, while the courtyard and outdoor entertainment area extend usable space. Ocean Reef’s 107% five-year median growth for units signals sustained demand, and the property sits within the intake areas for both Ocean Reef Primary and Senior High School, which strengthens its appeal to family buyers. The 87% owner-occupier rate in the suburb supports price stability and limits rental turnover risk. This townhouse is best suited to a buyer seeking a low-maintenance home with land upside in a proven growth corridor, or an investor targeting the reliable rental demand from the $930 per week estimate. The primary risk is the valuation inconsistency between sources—one classifying it as a townhouse near $1.28M, another as a house valued at $2.00M–$2.20M. This may reflect unit-title versus freehold confusion or data errors, and a buyer must verify the title and strata status before proceeding. If it is a townhouse on a single title, the current asking price aligns with estimates and presents fair value. If it is misclassified, there may be an opportunity to acquire a house-priced townhouse below market. No bushfire, flood, or heritage overlays reduce planning risk, and the 5G and Hybrid Fibre Coaxial connectivity support modern living without being a primary driver. The 1991 build age means some updating may be required, but the solid growth trajectory and school catchment provide a strong holding position.