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24 Le Souef Street, Margaret River WA 6285

Sold price: $825,000 Sold: 04 Jun 2023
Sold
  • 5 Bedrooms
  • 2 Bathrooms
  • 4 Cars
  • Landsize 1,339m2
House
24 Le Souef Street, Margaret River WA 6285

One Lot, Two Homes in the Short Stay Zone!

That's right, this unique property comes complete with two character homes on the one 1,339m2 Green Title lot and is situated just two streets back from the centre of town!

Currently, the 2 homes are rented out long-term but due to the location inside the short stay zone, there is no doubt the 2 homes would realize a far greater income on the Holiday House/Airbnb market!

For those who might be looking to develop the property to its full potential further down the track the R30/40 zoning should yield 4 units at R30 or 5 units at R40. Please note town drainage is yet to be installed in this street (a requirement for further development) but you can make your own inquiries as to an estimated timeframe for drainage to be installed.

Get in touch today for further information.

• Two-character homes in a prime location
• 1,339m2 land area
• Located in the short stay zone
• Future development potential
• 300m to the main street

Property features

  • Garages 2
  • Carports 2
  • Toilets 2

Property snapshot by reiwa.com

This property at 24 Le Souef Street, Margaret River is a five bedroom, two bathroom house sold by Bob Scott at Ray White Stocker Preston on 04 Jun 2023.

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

Cost breakdown

  • Council rates: $3,450 / year
  • Water rates: $1,463 / year

Nearby schools

0.5km
0.5km
0.8km
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 $905k
Median $750k
Low end $670k
This listing
7.9 %
Annual growth
$750k
Annual median sales price
$760pw
Annual median rental price

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FAQ's

The average number of selling days in Margaret River is 14 days.

The median house price in Margaret River is $750,057, the median unit price is $790,000.
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