Reiwa Reiwa
10 Tipuana Terrace, Margaret River WA 6285

10 Tipuana Terrace, Margaret River WA 6285

Sold price: $710,000
Sold
Sold: 30 Jan 2023

5 Bedrooms

2 Bathrooms

Landsize 700m2

House

Contact the agent

Ray White Stocker Preston


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

  • Toilets 2

Cost breakdown

  • Council rates: $2,670 / year
  • Water rates: $1,538 / year

Nearby schools

Rapids Landing Primary School Primary Government 0.7km
Margaret River Primary School Primary Government 1.9km
Margaret River Senior High School Secondary Government 1.9km
Margaret River Montessori School Primary Non-government 1.9km
St Thomas More Catholic Primary School Primary Non-government 2.3km
Margaret River Independent School Primary Non-government 11.0km
Cowaramup Primary School Primary Government 13.3km
Karridale Primary School Primary Government 27.6km
Yallingup Steiner School Primary Non-government 33.3km
Vasse Primary School Primary Government 35.5km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4668782