Sold
10 Tipuana Terrace, Margaret River WA 6285
Sold price: $710,000
Sold: 30 Jan 2023
Sold
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5 Bedrooms
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2 Bathrooms
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Landsize 700m2
House
View
FLEXIBLE AND FINANCIAL
Designed as two very separate dwellings on one title, this fantastic property offers a multitude of accommodation and income options.
Both dwellings feature an open plan, north-facing living/dining/kitchen area with sun-drenched timber decks and low maintenance, compact courtyards.
Warmed in winter with wood heaters, 10A features a bedroom at each end, plus a bathroom/laundry; and 10B boasts the same great design with a bedroom at one end and two at the other.
This unique property sits in an elevated position in a quiet street, 100m from awesome parklands, 550m from Doust Corner (Yahava, Burger Baby, The Fodder Shop) and 2 km from the wonderful Margaret River Farmers' Markets.
It's also just a few minutes' drive to the bustling Main Street and easy access to the myriad of glorious beaches, forests, wineries and restaurants Margaret River is renowned for worldwide.
The property currently achieves $380pw for 10A & $440pw for 10B = $820/week gross.
This really is the ideal property with plenty of options; rent both and add to your investment portfolio, or utilize one side yourself and get some income from the other.
• Multi-generational living with good separation
• Invest to rent out both dwellings for around 6% ROI
• Compact courtyard gardens
• Large exposed aggregate parking area
• Fully fenced private dwellings with no common walls
Inspection is by appointment. Register now as this property will not last long!
Please note this property is not in the shire permitted short stay (Airbnb) zone.
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 Jan 2023.
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: $2,670 / year
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Water rates: $1,538 / 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
$905k
Median
$750k
Low end
$670k
7.9 %
Annual growth
$750k
Annual median sales price
$760pw
Annual median rental price
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