Sold
1 Churchill Avenue, Margaret River WA 6285
Sold price: $1,300,000
Sold: 15 Mar 2021
Sold
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5 Bedrooms
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4 Bathrooms
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4 Cars
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Landsize 575m2
House
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Stunning home with cash flow positive units.
An amazing opportunity to purchase an impressive north facing 3 x 2 modern home along with 2 Shire approved short term accommodation units generating an income of around $80,000 per year right in the centre of Margaret River. Perfectly positioned on the corner of Churchill Avenue and Le Souef Street in Margaret River, this impressive home embraces a carefree lifestyle that only the Southwest can offer. Whilst being one street back from the main street this property is also a stone's throw from the stunning views of Keenan State Forest and abundance of flora and fauna, the serenity of this property is surreal. Perfection for a tree change life or young FIFO family with an earning capacity that will cover their mortgage.
Wide Blackbutt timber flooring, high ceilings and plantation shutters flow throughout the top floor of the main residence, highlighting the impressive open plan living space and kitchen. Entertaining is made easy in this spectacular space with a separate butler's pantry and servery windows. Essa stone benchtops, a soft closing draw system, 900ml stove and cooktop, along with an integrated dishwasher and wine fridge are a few of the luxuries this space has to offer. The gas fireplace stands tall breathing warmth into the living room, with zoned reverse cycle ducted air conditioning also being an option. Overhead ceiling fans are featured in bedrooms and living areas including balcony.
Concertina doors open up onto the undercover north facing alfresco area, with the timber deck wrapping around behind the kitchen, and flowing through to the private courtyard. This private space is perfect for entertaining, as it's surrounded by natives, wildlife and offers views across to Keenan State Forest.
The master bedroom, guest bedroom and bathroom are all located on the top floor off the main living area. The master bedroom features an impressive double vanity, heater lights, a large shower and toilet, with sliding doors allowing outside access to the main decking area. Bedroom 2 features a large built-in wardrobe also opening up to its own private courtyard.
A staircase leads downstairs to bedroom 3, the laundry, wine cellar and a 4-car bay garage. Bedroom 3 offers a built-in desk and wardrobe, with sliding doors opening up onto an outside courtyard.
The impressive 4 car garage is a car lover's dream, with remote control access and full security system and intercom at your fingertips. The system can be controlled from each level of the home with video access and intercom available 24/7. A double driveway off Churchill Avenue features exposed aggregate finish off this area beautifully along with the well-maintained gardens and veggie patches.
The main office for the studios is located near the main house entrance door on the top floor and can be closed off with a separate lockable door. The area allows access for guests along with having a private storage room for cleaners if required.
Churchill Studios, the 2 studios, Chardonnay and Shiraz and are Shire approved short term holiday accommodation with high occupancy and a solid income of approximately $80k per annum. Currently under management, there is also the opportunity to self-manage and increase your gross profit.
Both studios present beautifully and offer a king-size bed, ensuite and a well-equipped kitchenette. A flat-screen TV is positioned on the wall across from the bed and sitting area, along with reverse cycle air-conditioning and ceiling fan. Each studio offers a separate car park from Le Souef Street along with a private lockable courtyard with table and chairs, and a BBQ. A key lock system is in place for both studios.
Guests can enjoy less than a 2 minute walk to cafes, restaurants, art galleries and shops, along with walking trails and bike tracks along the river being across the road.
• 5kw solar panels
• Security alarm system
• Video intercom
• Full reticulation
• Dimmer lighting
• Ceiling Fans
For a private inspection, please contact Paul Manners your Southwest Property Specialist on 0448 900 838 or via email [email protected]
Property features
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Garages
4
Property snapshot by reiwa.com
This property at 1 Churchill Avenue, Margaret River is a five bedroom, four bathroom house sold by Paul Manners at Space Real Estate on 15 Mar 2021.
Looking to buy a similar property in the area? View other five bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
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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
$847k
Median
$725k
Low end
$654k
9.8 %
Annual growth
$725k
Annual median sales price
$680pw
Annual median rental price
