Sold
16 Settlers Retreat, Margaret River WA 6285
Sold price: $575,000
Sold: 23 Apr 2020
Sold
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5 Bedrooms
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3 Bathrooms
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Landsize 1,000m2
House
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BUSHLAND OASIS RIGHT IN TOWN
Aptly named "Settlers Retreat", this is a gorgeous part of town to reside and is only a short walk to the main street of Margaret River. This area was cleverly designed to retain some lovely mature native trees throughout and this provides a really pretty, leafy setting for arguably one of town's most popular areas. 16 Settlers Retreat occupies one of the subdivisions best lots, 1000m2 in size and boasting a bush reserve outlook to the north from this generous two storey residence. The large upstairs decked area adjoins the lounge dining kitchen area, all with beautiful views of the forest and abundant birdlife.
Downstairs, there is an equally generous patio area off of the second lounge, dining kitchen area, also taking lovely private views. Lovely timber and bush poles feature throughout and the residence has a real "Down South" feel to it. There is fantastic potential here to take this place to another level with some cosmetic renovations.
Currently set up as two rental properties with a granny flat downstairs and the main household upstairs, it returns $650.00 a week. Options abound here. Utilize as one "big" entire family home. Rent out one component and live in the other. Ideal for a FIFO Worker. Use the granny flat for visitors. Or continue to rent out both.
Property features
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Patio
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Verandah
Property snapshot by reiwa.com
This property at 16 Settlers Retreat, Margaret River is a five bedroom, three bathroom house sold by Craig Bamford at Margaret River Real Estate First National on 23 Apr 2020.
Looking to buy a similar property in the area? View other five bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
Cost breakdown
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Council rates: $2,421 / 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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