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17 Town View Terrace, Margaret River WA 6285

Sold price: $585,000 Sold: 17 Jan 2021
Sold
  • 2 Bedrooms
  • 1 Bathroom
  • Landsize 1,012m2
House
17 Town View Terrace, Margaret River WA 6285

Absolutely Fabulous Development Opportunity!

Yes, that's right, with one eye on the future the smart money will snap up this fantastic development opportunity so don't wait too long before contacting me!

1012m2 in size and an R30/40 zoning you can keep earning a rental income for the immediate future whilst planning to develop up to 4 townhouses down the track!

But wait, there's more, with the property being located in the short-term rental zone the prospects of generating a significant income moving forward are limitless!

And what about the location, situated in the trendy lower end of Town View Terrace it's just a short walk to main street shopping, restaurants & bars whilst only a few minutes stroll to the river reserve in the other direction!

Call today for further details before it's too late!

• Excellent Development Opportunity
• Potential 4 Unit Site
• 1012m2 / Quarter Acre Lot
• Close to town, the river & forest

Property features

  • Toilets 1
  • Floor area 119m2

Property snapshot by reiwa.com

This property at 17 Town View Terrace, Margaret River is a two bedroom, one bathroom house sold by Kim Hewton at Ray White Stocker Preston on 17 Jan 2021.

Looking to buy a similar property in the area? View other two bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.

Cost breakdown

  • Council rates: $1,930 / year
  • Water rates: $1,463 / year

Nearby schools

0.8km
0.8km
0.9km
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 $880k
Median $750k
Low end $675k
9.5 %
Annual growth
$750k
Annual median sales price
$680pw
Annual median rental price

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FAQ's

17 Town View Terrace, Margaret River was sold by Kim Hewton at Ray White Stocker Preston.

You can contact the agent here.

17 Town View Terrace, Margaret River sold on 17/1/2021 for $585,000.
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