Sold
11 Le Souef Street, Margaret River WA 6285
Sold price: $780,000
Sold: 17 Jan 2023
Sold
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4 Bedrooms
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1 Bathroom
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2 Cars
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Landsize 1,012m2
House
View
Subdivision Potential in the Short Stay Zone
• 1012m2 Block
• R30/40 Zoning
• Short Stay Permissible Zone
Opportunities like this don't come along very often, so grab it while you can!
Well-cared-for and greatly loved, this original 80's solid brick home is just a short stroll to the Margaret River Main Street. Sitting on a huge 1012m2 and elevated from the road, the home could be updated with various modifications to enhance its liveability. With 2 separate living areas, plus a study/utility room, a good-sized original kitchen/dining and adjoining huge laundry (think future scullery/larder) there's scope for a clever buyer to revitalise and create a comfortable family home in a highly desirable location.
Options abound:
• Simply enjoy space to grow a family and a garden - embrace the great Aussie backyard with side access for cars, boats, and caravans and the added bonus of a double lock-up shed!
or
• Fantastic opportunity to invest in a property that can create wealth - here you can move in, rent out or short stay* until you are ready to subdivide with its development potential - 3 or 4 units* (*subject to Shire Approval)
The flexibility of use, combined with the perfect central location so close to all that the region offers ensures a bright future no matter which option you choose.
Property features
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Air conditioned
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Garages
2
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Patio
Property snapshot by reiwa.com
This property at 11 Le Souef Street, Margaret River is a four bedroom, one bathroom house sold by Clare Andrews and Sarah Twine at Ray White Stocker Preston on 17 Jan 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
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Council rates: $2,260 / year
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Water rates: $1,488 / 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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