Sold
39/40 Wallcliffe Road, Margaret River WA 6285
Sold price: $107,000
Sold: 14 May 2021
Sold
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1 Bedroom
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1 Bathroom
Unit
View
RESORT LIFESTYLE INVESTMENT
Secure your very own piece of Margaret River when you purchase this beautifully presented upstairs spa unit at the River Resort. Centrally located opposite the cultural, arts and entertainment centre you are just a 5 minute stroll to the main street shops, pubs and cafes.
This holiday unit is fully furnished and has been refurbished with quality flooring and furnishings. The spacious front lounge room includes a fridge, microwave and full breakfast facilities with a lounge and large screen TV for entertainment. A separate bathroom boasts a full length spa bath and a the full sized bedroom is fitted out with a stylish queen bed and wall mounted TV. Being an upstairs end unit the property features a very pleasant north facing balcony ideal for evening cocktails!
Zoned as short stay tourism and efficiently managed by The River Hotel, guests are welcome to enjoy the complimentary Resort facilities including outdoor pool, tennis and volleyball courts.
For this small investment of $125,000 you can reserve the fantastic benefits an investment property like this has to offer with owners permitted to enjoy their accommodation for up to 3 months a year.
Purchase now and start booking your holidays!
Property features
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Floor area
50m2
Property snapshot by reiwa.com
This property at 39/40 Wallcliffe Road, Margaret River is a one bedroom, one bathroom unit sold by Megan Booth at Margaret River Real Estate First National on 14 May 2021.
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: $1,681 / year
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Water rates: $1,260 / year
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Strata fees: $5,487 / 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
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