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15 Formosa Street, Margaret River WA 6285

Sold price: $295,000 Sold: 05 Oct 2019
Sold
  • Landsize 259m2
Land
15 Formosa Street, Margaret River WA 6285

Fabulous Forest Outlook on Formosa

This IS the best block available in this very exclusive enclave. Surrounded by amazing towering Karri trees and a North facing outlook, this block will not last long!! Positioned adjacent to the beautiful Margaret River forest, this easy care 259m2 vacant lot which has dual zoning allowing the owner many options to either live here full time, lock up and leave or rent it out to the short stay market? The current owners have approved plans in place so no waiting periods… you can build straight away. With only a 3 minute stroll from the heart of town, there are an abundance of cafes, galleries and boutique shops at your fingertips. The river and a multitude of walk-trails are literally right on your doorstep, and provide a picturesque slice of nature to enjoy every day. These are all the things good about living in the Margaret River Wine Region.

Property features

Listing snapshot by reiwa.com

This land listing located in Margaret River was sold by Megan Booth at Margaret River Real Estate First National.

If you would like to get in touch with Megan Booth regarding 15 Formosa Street, Margaret River, please call 0427 480 745 or contact the agent via email.

Cost breakdown

  • Council rates: $1,563 / year
  • Water rates: $197 / year
  • Strata fees: $409 / quarter

Nearby schools

0.8km
0.8km
1.0km
St Thomas More Catholic Primary School
  • Primary
  • Non-government
Disclaimer

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 $847k
Median $725k
Low end $654k
9.8 %
Annual growth
$725k
Annual median sales price
$680pw
Annual median rental price

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FAQ's

The average number of selling days in Margaret River is 10 days.

15 Formosa Street, Margaret River sold on 5/10/2019 for $295,000.
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