Sold
234 Gnarawary Road, Margaret River WA 6285
Sold price: $2,400,000
Sold: 11 Feb 2021
Sold
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4 Bedrooms
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1 Bathroom
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2 Cars
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Landsize 47.00ha
House
View
LARGE RURAL HOLDING, DESIRABLE MARGARET RIVER ADDRESS
Extremely well located, this blue chip rural holding is very close to Leeuwin and Voyager Estate, five minutes from Margaret River town and ten minutes to the pristine coastline. This is the perfect location to capitalise on and create a first-class private estate, staking your claim amongst the internationally renowned vineyards of the famed Margaret River wine region.
A large rural holding of 47ha with undulating topography not often found this close to the coast resulting from multiple waterways intersecting the property. Upon further investigation you should discover that the soils are good for a range of rural pursuits, there will be multiple water resources to utilise and numerous elevated locations around the estate on which to take advantage of sweeping rural views. 234 Gnarawary Road has all the desirable attributes mandatory for significant capitalisation now, or land bank for the next generation.
The existing four bedroom rammed earth and timber house, plus large four bay Colorbond machinery shed and workshop will get you started while you plan and create the next chapter. The kitchen has been renovated and comes with a cellar, games room and study with enough room for family and guests. The house is surrounded by established gardens with a variety of plantings with access to fresh rainwater or ground water from a nearby well.
Alternatively if you are chasing a weekender with the ultimate land bank, look no further. Run a few head of cattle or lease out the pasture so someone else can look after the property until you are ready to undertake the next chapter.
Rural properties of this calibre rarely come to the market this close to Margaret River and in close company of well-established winery estates. This is truly a blue chip holding with plenty of potential to create a high calibre estate right in the heart of the Margaret River wine region.
* Desirable address close to Voyager Estate and Leeuwin Estate
* Outstanding topography with a number of water systems entering the property creating numerous elevated locations to build with north facing solar passive orientation, subject to council approval
* Exceptional water resource, existing smaller dams and waterways may provide the scope for further development
* Design and create an impressive estate with vines, orchards, architectural landscaping and modern residence or tourism attraction
* 47ha or 116 acres, zoned Priority Agriculture. This is a large holding in the Margaret River area
* 5 minutes into Margaret River town, 10 minutes to Redgate or Prevelly beach
* Highly desirable address close to Leeuwin and Voyager Estate
* Functional 4 x 1 and large 4 bay Colorbond garage with 2 bays for workshop and 2 bays lockup
* A rare holding, suitable for substantial capitalisation
* All development on the property is subject to approval from relevant authorities
Call your Down South Specialist, David Cross on 0439 496 926 to organise a private inspection.
Property features
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Carports
2
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Toilets
2
Property snapshot by reiwa.com
This property at 234 Gnarawary Road, Margaret River is a four bedroom, one bathroom house sold by David Cross at JMW Real Estate on 11 Feb 2021.
Looking to buy a similar property in the area? View other four 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
$880k
Median
$750k
Low end
$675k
9.5 %
Annual growth
$750k
Annual median sales price
$680pw
Annual median rental price
