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Unlock the Potential - Prime Central Development Opportunity!
Positioned in a highly sought-after central location, this 509sqm strata lot presents an exciting opportunity for developers and investors looking to maximise potential and capitalise on location.
With R30/40 zoning, this property offers the opportunity to explore future development, subject to council approval (STCA). Add its position within a short-stay approved area, and the possibilities extend beyond traditional residential investment.
Key Investment Highlights:
• R30/40 Zoning: Explore the potential for subdivision, subject to strata and council approval (STCA)
• 509sqm Strata Lot: A well positioned parcel offering exciting possibilities for future development
• Short-Stay Accommodation Potential: Located within an area approved for short stay accommodation, opening the door to alternative investment opportunities
• Income While You Plan: Currently tenanted until March, providing rental income while you investigate your options
• Prime Central Location: Capitalise on a sought after position with the potential to maximise the site's future value
Whether you're considering a development project for short stay or residential accommodation or investigating other development possibilities, this property offers the foundations for an exciting investment opportunity.
Ideal for developers, builders and astute investors seeking their next project, this is your chance to secure a strategically positioned site with plenty of potential.
Nb: Property sold 'as is'. All development potential is subject to relevant approvals
Inspection by appointment
Disclaimer: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this material. Licensee: Downsouth (WA) Pty Ltd ACN 125 383 628
Property features
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Garages
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Property snapshot by reiwa.com
This property at 1/37 Town View Terrace, Margaret River is a two bedroom, one bathroom house listed for sale by Sarah Twine at Ray White Stocker Preston.
For more information about Margaret River, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Margaret River profile page.
If you would like to get in touch with Sarah Twine regarding 1/37 Town View Terrace, Margaret River, please call 0439 926 836 or contact the agent via email.
Cost breakdown
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Council rates: $2,400 / year
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Water rates: $1,643 / year
Nearby schools
Margaret River overview
The townsite of Margaret River is located in the south west agricultural area, 277 kilometres south southwest of Perth and 48 kilometres south southwest of Busselton. It is located on the Margaret River from which it derives its name. The precise origin of the naming of the river is not known, but it was possibly named by John Bussell in honour of Margaret Wyche, a friend in England who was expected to follow the Bussell's to Australia. The name is first shown on a map of the region published in 1839.
In 1910 the Margaret River Progress Association wrote to the Minister for Lands requesting a townsite be declared at "the Upper Margaret Bridge". The reason given was that "the district is likely to be dotted with public buildings several miles apart in the near future if a townsite is not made available shortly". The District Surveyor who inspected the area preferred an area near the lower bridge on Caves Road, but this land was not available. Lots were surveyed in 1912, and the Townsite of Margaret River gazetted in 1913. In 1918 the name of the townsite was changed to "Margaret", but it was changed back to Margaret River in 1927, due to local usage of the name always being Margaret River.
Margaret River quick stats
High end
$1.3m
Median
$1.0m
Low end
$903k
12.6 %
Annual growth
$1.0m
Annual median sales price
$780pw
Annual median rental price
