Lot 3203 Old Ledge Point Rd, Lancelin, WA 6044 | Property Value & History | OnTheHouse
OFF MARKET

Old Ledge Point Road
Lancelin WA 6044

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 133231m2
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Property Details for Lot 3203 Old Ledge Point Rd, Lancelin

Building Type
Land
Land Size
133231m2
Local Government
Gingin
Lot/Plan
3203/P204352

Last Listing description (August 2014)

FENCE REEF
The land known as Fence Reef has an area of 17.2154 hectares (approximately 42.5 acres) and is located about 2 kms south of the coastal town of Lancelin. Lancelin is a growing town nestled between the Indian Ocean and sand dunes, just over an hour?s drive or approximately 100 kilometres north of Perth. The Fence Reef land is ideally situated providing over 450 metres of Indian Ocean frontage and 304 metres of frontage to the golf course reserve at the north.
Fence Reef is next to the rapidly growing northern corridor that stretches from Joondalup to Yanchep and Two Rocks. Strong population increases within these areas over the last 10 years has given rise to high demand for residential lots, commercial facilities and a myriad of community and educational amenities.

The areas of Yanchep and Two Rocks are expected to be built-up in the near future as the high population growth within Perth and particularly the northern corridor is projected to continue unabated. In fact, the City of Wanneroo (which covers the northern corridor) has the fastest population growth in Perth with population forecast to double within 20 years in line with the high current annual growth rate of 4.2% for Perth.
Hence, Fence Reef and the area around Lancelin are expected to experience rapid residential and commercial development due to the influx of new households away from the northern corridor. Population inflow is forecast to concentrate around Fence Reef land since vast tracts of land between Two Rocks and Lancelin have been designated either as crown land, nature reserves or national parks and therefore cannot be developed. In fact, the Gingin Coast Structure Plan produced by the Western Australian Planning Commission (WAPC) has identified Lancelin as the ?Major Local Centre? for future northern corridor expansion. The proximity of Fence Reef to the designated ?Major Local Centre? of Lancelin has bestowed Fence Reef with a smorgasbord of development potentials and opportunities.
The prospects of Fence Reef are further augmented by the implementation of the Gingin Coast Structure Plan which has resulted in the initial approval of one thousand residential lots under the Lancelin South Development. Fence Reef land is included in the Lancelin South Structure and Outline Development Plan with Stage 1 of the Lancelin South Development mid-way through completion and pre-sale of lots currently taking place. The complementary nature of the Lancelin South development to Fence Reef is obvious as the benefits of infrastructure constructed within the development will flow through to Fence Reef.
This is a rare opportunity for the astute investor to secure a parcel of BEACH FRONT land consisting of two adjoining lots with environmental reporting completed (refer to Information Memorandum) in close proximity to the future major centre of the fast expanding northern corridor of Perth.
Lancelin the future Mandurah of the North?
Let?s head north!!
Arguably Lancelin is set to become the ?Mandurah of the north? given the key similarities of Lancelin to Mandurah. Lancelin and Mandurah are both similar distances from Perth with Lancelin to the north and Mandurah to the south. Both are located on the coast with an established tourism industry and both are located in prime locations for growth, albeit that Mandurah?s ability to grow much further has limitations.
In less than 3 years from July 1987 to April 1990 Mandurah went from a town to a city and has continued to expand at a frenetic pace which has all but eliminated the opportunity for those wanting a truly relaxed easy going ?sea change? life style to attain it at affordable pricing in such close proximity to Perth.
In the case of Lancelin, the easy going ?sea change? lifestyle at affordable prices is a given and future population growth in the northern corridor will flow on to Lancelin as the northern corridor rapidly approaches full capacity and people continue to demand better lifestyle living at affordable prices.
Lancelin will be the prime location with required infrastructure to accommodate demand for the ?sea change? lifestyle choice in the rapidly expanding northern corridor so close to Perth. Be quick and do not miss out on the opportunity to acquire prime land with environmental reporting completed (refer to Information Memorandum) whose value will continue to increase with Lancelin?s southward expansion!

Property History for Lot 3203 Old Ledge Point Rd, Lancelin, WA 6044

A timeline of how this property has performed in the market
Last Sold
$500,000
18 Mar 1998
  • 06 May 2014
    Listed for Sale FROM $8,250,000
  • 18 Mar 1998
    Sold for $500,000
  • 31 Jan 1989
    Sold for $130,000
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About Lancelin 6044

The size of Lancelin is approximately 44.0 square kilometres. It has 4 parks covering nearly 14.8% of total area. The population of Lancelin in 2016 was 726 people. By 2021 the population was 786 showing a population growth of 8.3% in the area during that time. The predominant age group in Lancelin is 60-69 years. Households in Lancelin are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lancelin work in a labourer occupation.In 2021, 61.40% of the homes in Lancelin were owner-occupied compared with 61.70% in 2016.

Lancelin has 1,259 properties. Over the last 5 years, Houses in Lancelin have seen a 86.94% increase in median value, while Units have seen a 39.57% increase. As at 30 November 2025:

  • The median value for Houses in Lancelin is $582,267 while the median value for Units is $271,950.
  • Houses have a median rent of $360.
There are currently 14 properties listed for sale, and no properties listed for rent in Lancelin on OnTheHouse. According to Cotality's data, 57 properties were sold in the past 12 months in Lancelin.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.