Sold
10 Tipuana Terrace, Margaret River WA 6285
Sold price: $482,500
Sold: 30 Jul 2020
Sold
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5 Bedrooms
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2 Bathrooms
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Landsize 700m2
House
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Make Your Escape!
Here's a rare find in our magnificent Margaret River: TWO separate, private and independent living spaces on one property - one with 3 bedrooms, 1 bathroom and a massive open plan kitchen-living-dining area; and the other with 2 bedrooms and all the same features.
Options here abound and include:
• Live permanently or holiday in one side and rent the other for surplus income
• Multi-generational living with good separation
• Invest to rent out both sections at current $34,320 pa for approx 6% ROI
Well-planned in all aspects, the property has a large exposed aggregate parking area leading to the securely gated private entrances and impressive decks that stretch along each dwelling's northern side. These areas offer sunny spots for entertaining and lead into the fabulous living rooms. Feel instantly at ease in the spacious, contemporary living areas with high ceilings, and well-appointed kitchens with island bench, modern appliances and teardrop lighting. Light-filled from the north, the living rooms are warm in winter and have the added pleasure of wood fireplaces along with access to gas heating.
The master bedrooms in each section are spacious with walk-in robes. The left hand side has another very large bedroom at the rear, and features a glass sliding door to the rear patio. The right hand side has had the large rear room separated into two smaller rooms - one with storage cabinets and the other with access to the rear patio via the sliding door.
The rear of each section has an undercover area and a courtyard garden. The left hand side has a garden shed and a heated outdoor bath under the trees - just perfect for relaxing after a day at the beach.
This unique property sits in an elevated position in a quiet street, 100m from awesome parklands, 550m from Yahava Koffeeworks and 2 km from the wonderful Margaret River Farmers' Markets. Just a few minutes' drive to the bustling Main Street and easy access to the myriad of glorious beaches, forest, wineries and restaurants Margaret River is renowned world wide for. Make your move NOW!
• Two separate rendered brick living sections with iron roofs
• Expansive timber decks
• Vinyl flooring throughout and tiles in bathrooms
• Well-designed bathrooms with washing machine and plenty of storage
• Both sides currently rented at $330/week ($660 total/week)
Property features
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Toilets
2
Property snapshot by reiwa.com
This property at 10 Tipuana Terrace, Margaret River is a five bedroom, two bathroom house sold by Clare Andrews and Sarah Twine at Ray White Stocker Preston on 30 Jul 2020.
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.
Cost breakdown
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Council rates: $2,500 / year
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Water rates: $1,427 / 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
$847k
Median
$725k
Low end
$654k
This listing
9.8 %
Annual growth
$725k
Annual median sales price
$680pw
Annual median rental price
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