Sold
17 Le Souef Street, Margaret River WA 6285
Sold price: $930,000
Sold: 21 Aug 2024
Sold
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3 Bedrooms
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1 Bathroom
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2 Cars
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Landsize 1,095m2
House
View
Landbank for the future
Delight in the boundless potential offered at 17 Le Souef St, centrally located in town. This older 3-bedroom, 1-bathroom house is an investor's dream, boasting a sizeable 1095 square metre elevated block with the much-coveted zoning of R30/40. Astute developers and land bankers will immediately recognise the potential lucrative opportunity to craft a development comprising 3, 4, or even 5 units with some smart planning.
Positioned in the short-stay permissible zone, this property is ripe for transformation, enabling you to harness its potential. Presently leased to an excellent tenant eager to extend their stay, you can enjoy a steady rental income as you orchestrate your future development plans.
Strategically located close to local schools and main street, the property encapsulates the convenience of urban living. The property's adaptability, coupled with its enviable central location close to all the regional delights, secures its bright future irrespective of the path you choose.
Seize the chance to own a slice of Margaret River with plenty of potential.
Contact Tim Beeson from The Agency Margaret River to organise an inspection today.
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 17 Le Souef Street, Margaret River is a three bedroom, one bathroom house sold by Tim Beeson at The Agency on 21 Aug 2024.
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.
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
$905k
Median
$750k
Low end
$670k
7.9 %
Annual growth
$750k
Annual median sales price
$760pw
Annual median rental price
