Sold
1/6 Town View Terrace, Margaret River WA 6285
Sold price: $720,000
Sold: 03 May 2023
Sold
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6 Bedrooms
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3 Bathrooms
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Landsize 389m2
House
View
THE PERFECT INVESTMENT PROPERTY WITH SHORT STAY POTENTIAL
Cash in on the current high demand from short stay holiday makers and snap up this character home sensationally located in the heart of the Shire's short stay approval zone. Located just one street back from the bustling main street of Margaret River, it's the ideal scenario for the holiday maker - olde world charm, heritage fixtures and fittings, striking craftsman built jarrah cabinetry, private outdoor area and walking distance to all the attractions of town. Don't waste precious time waiting on a new build - this one will earn you high rental rewards from the moment you purchase it and potentially even more should you make application to the Shire and obtain approval for short stay.
The house has been configured to contain multiple bedrooms and sleeping quarters for the current tenant. There is a main kitchen and two kitchenettes, dining area, two to three bathrooms and a large timber deck at the rear of the home which provides the ideal space to entertain and relax after a hard days' sightseeing. The generous 389sqm front strata block has space for parking of a couple of cars behind a high hedge at the front of the house.
Easy to access and set within low maintenance gardens, this property is a fabulous in-town pad for the investor, professional couple, the FIFO worker, a down south escape or an immediate money maker on the short term holiday market. Currently tenanted until 30 June 2023 on a high return lease, secure this amazing opportunity and immediately start earning a whopping 10% return on your investment. Or start planning your refurbishment, get your application in to the Shire and start making your down south investment dream a reality!
The current lease agreement is available on request upon signing of a Confidentiality Agreement and all property inclusions to be clarified with Agent.
Property features
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Air conditioned
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Floor area
200m2
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Verandah
Property snapshot by reiwa.com
This property at 1/6 Town View Terrace, Margaret River is a six bedroom, three bathroom house sold by Barry Granville at Margaret River Real Estate First National on 03 May 2023.
Looking to buy a similar property in the area? View other six bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
Cost breakdown
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Council rates: $2,096 / year
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Water rates: $1,530 / 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
$880k
Median
$750k
Low end
$675k
9.5 %
Annual growth
$750k
Annual median sales price
$680pw
Annual median rental price
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