Sold
22 Fearn Avenue, Margaret River WA 6285
Sold price: $935,000
Sold: 10 Mar 2024
Sold
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3 Bedrooms
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1 Bathroom
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1 Car
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Landsize 1,012m2
House
View
ULTIMATE LOCATION IN THE HEART OF MARGARET RIVER
Positioned on a large 1012m2 parcel of land, 22 Fearn Avenue presents an incredible opportunity for investors in the rapidly expanding Margaret River region. As the town experiences unprecedented growth, the demand for additional infrastructure in the town centre is on the rise, making this property an ideal investment for those with a keen eye for potential.
Boasting "Town Centre" zoning, this property is primed for transformation, featuring a 3 bed, 1 bath residence that serves as a solid foundation for an instantaneous rental return.
With the dynamic zoning in place, the options are vast and varied, providing prospective investors with a canvas to explore numerous possibilities. Whether it's commercial ventures, residential developments, blend of both, or if you simply just want to live in town.
For more information about the property contact Anthony Marinovich on 0448 801 283
Disclaimer: All future planning is subject to approval from the Shire of Augusta Margaret River
Disclaimer: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this material.
Licensee: Downsouth (WA) Pty Ltd ACN 125 383 628
Property features
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Air conditioned
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Carports
1
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Floor area
150m2
Property snapshot by reiwa.com
This property at 22 Fearn Avenue, Margaret River is a three bedroom, one bathroom house sold by Anthony Marinovich at Ray White Stocker Preston on 10 Mar 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.
Cost breakdown
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Council rates: $2,262 / year
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Water rates: $1,575 / 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
