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17 Formosa Street, Margaret River WA 6285

Sold price: $290,000 Sold: 22 May 2020
Sold
  • Landsize 200m2
Land
17 Formosa Street, Margaret River WA 6285

Karri Forest Outlook!

A fantastic opportunity here to secure this sensational cottage lot tucked away in a private enclave surrounded by towering Karri trees at this exclusive Margaret River address.

17 Formosa Street is a 200sqm cottage lot designed to accommodate in-town living for busy people, down sizers, lock up and leavers and best of all is located within the Short Stay Accommodation Zone only a few hundred metres stroll to the main street.

The current owner's plans have changed and now wishes to sell this amazing lot along with a set of environmentally friendly Nikko Design shire approved house plans at a price sure to entice prospective buyers.

This unique forest community is just a few minutes to the Margaret River Town Centre which feature an abundance of shops, cafes and restaurants whilst the river and its numerous walking tracks are also on your front doorstep.

Call today to receive a comprehensive Information Memorandum inclusive of house plans.

• Uninterrupted Karri Forest Views
• House plans available for purchase
• Located within Short Stay Accommodation Zone
• Only a few minutes stroll to town
• Connected to river walk trails

Property features

Listing snapshot by reiwa.com

This land listing located in Margaret River was sold by Kim Hewton at Ray White Stocker Preston.

If you would like to get in touch with Kim Hewton regarding 17 Formosa Street, Margaret River, please call 0400 037 402 or contact the agent via email.

Cost breakdown

  • Council rates: $2,538 / year
  • Water rates: $1,418 / year
  • Strata fees: $86 / 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
This listing
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.

The median house price in Margaret River is $725,000, the median unit price is $605,000.

17 Formosa Street, Margaret River sold on 22/5/2020 for $290,000.
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