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23/40 Wallcliffe Road, Margaret River WA 6285

Sold price: $120,000 Sold: 28 Aug 2021
Sold
  • 1 Bedroom
  • 1 Bathroom
  • Landsize 53m2
Unit
23/40 Wallcliffe Road, Margaret River WA 6285

COUNTRY STYLE HOLIDAY APARTMENT

This charming 2 room studio is primely situated in the heart of Margaret River across the road from the cultural centre and a short stroll to the main street of town. It has been tastefully re-furbished, is fully self-contained and furnished to a high standard whilst still retaining the charm of the Margaret River country style. Located in the popular River Resort, the studio enjoys the use of all the resort facilities including a swimming pool, tennis and volleyball courts and the River Hotel which is a popular venue for dining and entertainment.

Perfect for a lifetime of down south holidays, this unit is zoned as short stay/tourism, receives a generous annual return and is efficiently managed by the River Resort Hotel.
Income 2020/21: $13,031.69

Property features

  • Floor area 48m2

Property snapshot by reiwa.com

This property at 23/40 Wallcliffe Road, Margaret River is a one bedroom, one bathroom unit sold by Vicki Genge at Margaret River Real Estate First National on 28 Aug 2021.

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

Cost breakdown

  • Council rates: $1,681 / year
  • Water rates: $1,418 / year
  • Strata fees: $1,345 / quarter

Nearby schools

0.2km
St Thomas More Catholic Primary School
  • Primary
  • Non-government
0.8km
Margaret River Montessori School
  • Primary
  • Non-government
0.8km
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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 $820k
Median $708k
Low end $620k
9.0 %
Annual growth
$708k
Annual median sales price
$700pw
Annual median rental price

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FAQ's

The average number of selling days in Margaret River is 12 days.

23/40 Wallcliffe Road, Margaret River is a 1 bedroom, 1 bathroom unit.

23/40 Wallcliffe Road, Margaret River sold on 28/8/2021 for $120,000.
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