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10 Lambertia Terrace, Margaret River WA 6285

Sold price: $635,000 Sold: 03 Aug 2023
Sold
  • 4 Bedrooms
  • 2 Bathrooms
  • 2 Cars
  • Landsize 531m2
House
10 Lambertia Terrace, Margaret River WA 6285

KICKSTART YOUR INVESTMENT PORTFOLIO HERE

Are you looking for an opportunity to kickstart your investment portfolio or add to your existing one? Currently enjoying over 4% ROI, a very real opportunity exists to expand that further as demand for rental properties increases. This 4 year old 4 bedroom 2 bathroom home on 531m2 is spacious throughout & includes ducted a/c, separate home theatre & oversized garage with workshop space. Located in family friendly Brookfield Estate close to several playgrounds, parks, walk trails & only 2.5kms to the Margaret River CBD & schools makes this home a popular choice.

Property features

  • Garages 2
  • Floor area 266m2

Property snapshot by reiwa.com

This property at 10 Lambertia Terrace, Margaret River is a four bedroom, two bathroom house sold by Lee York at JHY Realty on 03 Aug 2023.

Looking to buy a similar property in the area? View other four bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.

Cost breakdown

  • Council rates: $2,896 / year
  • Water rates: $1,488 / year

Nearby schools

0.7km
1.9km
2.0km
Disclaimer

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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FAQ's

The average number of selling days in Margaret River is 12 days.

10 Lambertia Terrace, Margaret River was sold by Lee York at JHY Realty.

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