Sold
25/40 Wallcliffe Road, Margaret River WA 6285
Sold price: $125,000
Sold: 03 Mar 2023
Sold
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1 Bedroom
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1 Bathroom
Apartment
View
Down South Getaway for $125k!
That's right great buying here with this 1-bedroom spa apartment now available for purchase!
Conveniently located within the grounds of the "The River Hotel" complex the apartment is situated only 600m from the main street of the town where you find plenty of shopping and more entertainment options!
Onsite features include a swimming pool, tennis courts, restaurant & bars not to mention one of the better-stocked bottle shops you are likely to come across in the southwest!
With all furnishings included in the price and the opportunity to use the property when you want, there may not be a better opportunity to purchase your very own Down South Getaway than right now!
Currently managed by the onsite manager the opportunity to utilize the apartment for your own enjoyment and benefit from the steady returns being achieved make this a no-brainer for those looking for a budget down south getaway!
*Please note the property is zoned short stay/tourism and cannot be lived in on a permanent basis.
Email me today to receive a comprehensive information package.
• Spa Apartment
• Swimming pool
• Tennis Courts
• Onsite Restaurant & Bars
• Onsite Bottle Shop
• 600m to main street
Property features
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Below ground pool
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Air conditioned
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Toilets
1
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Floor area
53m2
Property snapshot by reiwa.com
This property at 25/40 Wallcliffe Road, Margaret River is a one bedroom, one bathroom apartment sold by Kim Hewton at Ray White Stocker Preston on 03 Mar 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
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Council rates: $1,785 / year
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Water rates: $1,358 / year
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Strata fees: $1,197 / quarter
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
