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TWO UNITS, ONE INVESTMENT - THE ULITMATE PROPERTY FIND
Enjoy the convenience of walking to Margaret River Town and all its amenities. This property features two independent apartments within a single building. Each unit offers separate entry points and is ideal for family, holidays or investors. The property provides flexible living options: live in one apartment and rent out the other or explore short-term rental opportunities (subject to shire approval). This versatile property is perfect for those looking for a great investment or a comfortable home with additional rental potential.
The recently painted upstairs apartment boasts an open-plan living area that is filled with natural light. It includes two large bedrooms, each with built-in robes, and one bathroom with a separate toilet. Additionally, there is an undercover carport for convenience. The open-plan layout integrates the living, dining, and kitchen areas, which offer a sunny outlook and access to two balconies where you can enjoy the views.
The ground floor apartment features two bedrooms and one bathroom, with an open plan living, dining, and kitchen area that enjoys a sunny outlook. It also boasts a charming deck, ideal for soaking up the morning sun or relaxing outdoors at any time. Additionally, there is ample space right at the front of the apartment that could be used as a car space.
Features
• 2 self -contained apartments
• In town location
• Walking distance to schools, local shops such as cafes, grocery stores and restaurants
• North facing decks
• Ample parking
Property features
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Carports
1
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Floor area
176m2
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Verandah
Property snapshot by reiwa.com
This property at 3/41 Town View Terrace, Margaret River is a four bedroom, two bathroom unit sold by Vicki Genge at Margaret River Real Estate First National on 28 Aug 2024.
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.
Cost breakdown
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Water rates: $1,564 / year
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
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