Sold
274 Railway Terrace, Margaret River WA 6285
Sold price: $820,000
Sold: 10 Dec 2022
Sold
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4 Bedrooms
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3 Bathrooms
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3 Cars
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Landsize 1,012m2
House
View
Unique Margaret River Opportunity
This warm, welcoming residence oozes character and real Margaret River charm along with a myriad of options to supplement your income.
Properties with “composite industry” zoning like this are rare, allowing you to live and work from here.
With 2 separate buildings and 3 independent living areas on this large block on Railway Terrace you have many options, you can run a small business, long term lease or house your extended family.
The Main House with
- 1/2 Bed x1 Bathroom plus living, dining, kitchen, and study (extra bed)
- Studio – 1 Bed/living x1 Bathroom plus kitchen
The Rear Building
- Studio -1 Bed/living x1 Bathroom plus kitchen
- Commercial Kitchen
The main house is currently divided as two separate residences with own kitchen/bathroom/living but can easily be returned to one larger home.
The large independent studio is at the back of the block is away from the main house and offers total privacy and can be accessed via the back lane home with its own carport. It’s a good size area with a generous kitchen, pantry, walk through robe and large bathroom.
The small commercial kitchen also has its own entry from the back lane. This area is fully approved and has consistent health inspections. It currently has tenants who are paying $220.00pw and looking to continue the lease further.
There’s a lush, fully fenced garden at the front with an array of different plantings, raised vegie patches and a chicken run.
This is the perfect place for an enterprising small business owner or creative home maker.
Property features include:
• Zoned for residential and business
• Dual access via Railway or backlane
• 6 x skylights in main house
• Solar Panels
• Rainwater tanks to both buildings
• House studio has reverse cycle air-conditioning, house and rear studio have ceiling fans.
• Independent residences
• Private access to all dwellings
• Undercover parking front and rear
• Sub meters for power charges
• Original Rayburn woodstove in main residence and studio
• Lush established gardens and raised vegie patches
• Gardening has been on organic and permaculture principles since 1999 and includes several mature fruit
• Chicken Run
• Storage shed
Please contact Tim Beeson from The Agency to organize a private inspection
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property features
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Carports
3
Property snapshot by reiwa.com
This property at 274 Railway Terrace, Margaret River is a four bedroom, three bathroom house sold by Tim Beeson at The Agency on 10 Dec 2022.
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
$905k
Median
$750k
Low end
$670k
7.9 %
Annual growth
$750k
Annual median sales price
$760pw
Annual median rental price
