Located in Ironstone Place just a short drive from the town centre and on the way to the beach, this 3.39 hectare lot is a rare gem in the area as most surrounding lots have now been subdivided into 1 hectare blocks.
The lot has frontage to both Kevill Road and Ironstone Place, the perimeter is tree lined and fully fenced. A spring fed soak contains water all year round, a bore has been sunk and tested but remains unequipped.
A modest brick home which is currently tenanted, a 10m x 10m powered shed, a free standing garage and water tanks are all included.
There is great opportunity here for the astute investor for potential subdivision.
This property at 15 Ironstone Place, Margaret River is a three bedroom, one bathroom house sold by Vicki Genge at Margaret River Real Estate First National on 04 Dec 2020.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
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.