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Central Charm Boasting Views and Opportunity
Elevated atop the vibrant town of Margaret River, 15 Le Souef Street is a well maintained 3-bedroom, 1.5-bathroom classic home that beckons with its picturesque views and immense development potential.
Spanning a generous 1012 square metres, this property affords a blend of charm and opportunity, making it an irresistible prospect for investors, developers, and those seeking a lucrative short-term rental venture.
Boasting a character-filled design, this residence exudes a warm ambience, complemented by high ceilings and polished Blackbutt floorboards that evoke a sense of yesteryear. Two spacious living areas offer flexibility and comfort, while a potential study or additional storage room provides practicality for modern living.
The heart of the home features a modern kitchen equipped with a freestanding 900mm oven, perfect for entertaining or honing culinary skills. Creature comforts are well catered for with air conditioning, a cosy woodfire, and ceiling fans ensuring year-round comfort.
The house is serviced by a fully renovated modern bathroom featuring a double shower, dual vanities and a freestanding bath.
Outside, the property's potential truly unfolds with side access leading to a large grassed backyard. The grounds include a double drive-in shed, established fig tree, and citrus, offering a canvas for the green-thumbed or those with visions of further expansion.
Zoned 30/40, (potential 3/4 dwelling development) this residence presents an extraordinary development opportunity, especially given its favourable outlook, offering views across town to the west and massive Karri’s to the north. Also this property is located within the shires short stay permissible zone.
With ample parking for three vehicles, this home is as practical as it is charming.
Don't miss the chance to own a piece of Margaret River's heritage, all while unlocking the potential for future growth. This offering is more than just a home—it's a smart investment in one of Western Australia's most coveted locales.
Contact Tim Beeson from The Agency Margaret River to view this amazing opportunity.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property features
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Garages
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Property snapshot by reiwa.com
This property at 15 Le Souef Street, Margaret River is a three bedroom, one bathroom house sold by Tim Beeson at The Agency on 25 Sep 2025.
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.
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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
$1.2m
Median
$973k
Low end
$865k
17.2 %
Annual growth
$973k
Annual median sales price
$780pw
Annual median rental price
