Sold
3 Bussell Highway, Margaret River WA 6285
Sold price: $550,000
Sold: 05 Jan 2021
Sold
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3 Bedrooms
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2 Bathrooms
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Landsize 1,012m2
House
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Classic Character Cottage with Ancillary
Located less than 1km from Margaret River's iconic Main Street and a 400m stroll to the award winning and local favourite, The Brewhouse, this fantastic multi-dwelling property is uniquely positioned on the edge of the State Forest with direct access to walking and mountain bike trails and the Margaret River. With its stunning forest back drop the property has a unique charm with the bonus of income options.
The cottage is absolutely delightful with gorgeous polished timber floors, timber windows, high ceilings and 2 good sized bedrooms. A lovely front lounge area is warmed by a slow combustion wood heater and the kitchen/dining room has some lovely features from yesteryear and access to the terraced backyard that is fully enclosed and private. A separate studio with sliding doors is perfect for storage, creative space, or extra sleeping quarters for guests. There's plenty of extra storage in the large external laundry and bonus sea container.
The ancillary dwelling is located at the rear of the property opposite the forest with its own access off a back track. Supplied by Pod Trading it features an open plan living/dining/kitchen area with a separate bathroom, and an outdoor deck on the northern side. Fully fenced from the main house, the ancillary is very private and can be re-linked as extra accommodation to the main house by simply sliding open the large timber gate separating the two dwellings, or keep it separate and enjoy the extra income.
With its unique location and multiple accommodation options, there is certainly room to maximize income while you enjoy the very essence of Margaret River living.
Inspection by Appointment only with a minimum 24hours notice required.
NB: Both the Cottage and the Studio are currently leased
Property features
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Air conditioned
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Toilets
2
Property snapshot by reiwa.com
This property at 3 Bussell Highway, Margaret River is a three bedroom, two bathroom house sold by Sarah Twine and Clare Andrews at Ray White Stocker Preston on 05 Jan 2021.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
Cost breakdown
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Council rates: $2,084 / year
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Water rates: $284 / 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
$847k
Median
$725k
Low end
$654k
9.8 %
Annual growth
$725k
Annual median sales price
$680pw
Annual median rental price
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