Sold
4/70 Town View Terrace, Margaret River WA 6285
Sold price: $652,000
Sold: 22 Feb 2021
Sold
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3 Bedrooms
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2 Bathrooms
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2 Cars
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Landsize 259m2
House
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TOWNHOUSE - Margaret River
In the highly prized tourist destination of Margaret River, you'll find this stunning 3 bedroom, 2 bathroom townhouse that offers owners multiple possibilities.
Split over two beautifully crafted levels, the townhouse is a highly desirable property for both owner occupiers and savvy investors. And it's easy to see why!
With amazing potential for a passive income from Airbnb the purchase price includes;
• Styling and furniture
• 5 year Shire Approval for Short Stay
• Brand new website with channel manager setup
• Established social media
• Dropbox of thousands of professional/collaborated images
Previously run via Airbnb achieving 'super host listing' plus all of the other booking channels with an average rating of 4.7/5 stars.
However you choose to utilise this brilliant property, you're guaranteed one thing: space, style and comfort both upstairs and down.
The ground floor is light and bright and comprises an open plan kitchen / living area plus a dining room with vaulted ceiling and access to a private courtyard for outdoor living. A luxurious master suite, with en-suite bathroom and built-in robes, is also located on the ground floor with lovely north facing picture windows. A convenient double lock up garage with shoppers' entry, and a laundry and separate WC, allow easy all-weather access and extra storage.
Upstairs comprises a large living area / theatre room with an abundance of light and 2 generous bedrooms, both with built-in robes, and a separate bathroom with bathtub.
Other key features for comfort include ceiling fans and reverse cycle air-conditioning.
The Airbnb has been paused for the last 12 months and the townhouse has been permanently tenanted at $400 per week.
The previous 3 years' financial details are available on request after signing a confidentiality deed.
Whether you're looking for a holiday house, lock up and leave, or place to call home, this top property allows the choice. Inspection available by appointment only.
NB: Photos from when previously run as short stay.
Property features
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Garages
2
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Toilets
2
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Floor area
183m2
Property snapshot by reiwa.com
This property at 4/70 Town View Terrace, Margaret River is a three bedroom, two bathroom house sold by Sarah Twine and Clare Andrews at Ray White Stocker Preston on 22 Feb 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: $2,329 / year
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Water rates: $1,808 / year
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Strata fees: $200 / 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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