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24/55 Willmott Avenue, Margaret River WA 6285

Sold price: $162,000 Sold: 14 Apr 2023
Sold
  • 1 Bedroom
  • 1 Bathroom
Apartment
24/55 Willmott Avenue, Margaret River WA 6285

Perfect base and starter investment.

Your perfect base, right in the middle of town!

This short-stay accommodation, studio room, with 2 alike-bedrooms and a kitchenette, gives you plenty of options. Enjoy staying up to 3 months per annum, whenever you wish, and rent it out when you are not here.

Part of the Higgins Lane Complex, this unit has a very sought-after position as you could not be more central. The main street with restaurants, cafes and shopping is moments away!

Utilise the on-site company for management or you manage it yourself to increase the return on your investment.

A fantastic opportunity to secure a short-stay property, just before the summer holidays and start your investment portfolio… contact me before it goes!

Property features

Property snapshot by reiwa.com

This property at 24/55 Willmott Avenue, Margaret River is a one bedroom, one bathroom apartment sold by Bob Scott at Ray White Stocker Preston on 14 Apr 2023.

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: $1,785 / year
  • Strata fees: $1,054 / quarter

Nearby schools

0.3km
0.3km
0.6km
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

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

The median house price in Margaret River is $750,000, the median unit price is $820,000.

24/55 Willmott Avenue, Margaret River is a 1 bedroom, 1 bathroom apartment.
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