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SOLID FAMILY INVESTMENT
Situated at the end of a cul de sac amongst established homes in Brookfield on a massive 1016sqm block, this four/five bedroom home is the perfect down south escape as well as an ideal investment for the future.
The home features four carpeted bedrooms, two bathrooms, a spacious laundry and an open family living room. A separate living room located adjacent to the entrance could easily be converted into a large study or fifth bedroom. The light and bright kitchen forms the heart of the home and overlooks the lounge/dining which leads out to a paved patio, complete with fully enclosed low maintenance gardens, a powered workshop and an additional small garden/wood shed. A slow combustion stove in the living area spreads its heat throughout the entire home.
The home currently has a lease in place until August 2021, returning a healthy $450 per week. Purchase now, hang on to the reliable tenants and continue to watch your investment grow, safe in the knowledge that you have secured this perfect family home whilst you plan your move down south. Or simply move in and get on with living your new best life, as this property is bound to provide the family with everything it needs with its functional layout and convenient locality to town, schools and everything this beautiful region has to offer.
Property features
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Carports
2
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Floor area
170m2
Property snapshot by reiwa.com
This property at 14 Hovea Lane, Margaret River is a four bedroom, two bathroom house sold by Barry Granville at Margaret River Real Estate First National on 12 Aug 2021.
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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Water rates: $1,463 / 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
$880k
Median
$750k
Low end
$675k
9.5 %
Annual growth
$750k
Annual median sales price
$680pw
Annual median rental price
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