Sold
121/96 Bussell Highway, Margaret River WA 6285
Sold price: $225,000
Sold: 20 Feb 2023
Sold
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1 Bedroom
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1 Bathroom
Apartment
View
Short Stay Apartment for $235k!
Conveniently located at the entrance to Margaret River and on the edge of state forest this spacious studio apartment which is an approved short-stay property is now available for purchase.
If you have been looking to get your own Down South Getaway, then look no further than this stylish studio apartment available now at a very modest price!
FIFO workers would love coming home to this and whilst they are away at work, they can rent it out to the short-stay market and take care of the mortgage!
Fixtures, fittings, furnishings, and white goods as required for the operation of the short-stay rental accommodation business are included in the price. *(Please note there may be some minor items and utensils that are the property of the Margarets Forest business owner that may not be included in the price)
This unit is approved for short-stay use only, it is 1 of 2 of the 31 units in this complex that you can't live in permanently. As per the Shire Short Stay Policy, owners can only use up to 90 days in any 12-month period.
Get in touch today for more information or to arrange a viewing.
• Approved Short Stay property.
• Located at the entrance to town.
• 200m to The Margaret River.
• Short walk to Shopping & Entertainment.
• *All furnishings included.
Property features
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Toilets
1
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Floor area
52m2
Property snapshot by reiwa.com
This property at 121/96 Bussell Highway, Margaret River is a one bedroom, one bathroom apartment sold by Kim Hewton at Ray White Stocker Preston on 20 Feb 2023.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
Cost breakdown
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Council rates: $1,790 / year
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Water rates: $1,358 / year
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Strata fees: $1,108 / quarter
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
