Sold
4/Lot 441 Ned Higgins Lane, Margaret River WA 6285
Sold price: $725,000
Sold: 28 Nov 2022
Sold
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2 Bedrooms
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2 Bathrooms
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Landsize 124m2
Unit
View
Top Quality Margaret River Living
Raising the Bar in Building and Design comes "441 Ned Higgins Lane". This is a bespoke build designed for the future with quality at every stage. This is your chance to purchase the two bedroom-two bathroom dual zoned Apartment.
With all plans and approvals in place, building has commenced on this new development, designed by Ambient Building Design and proudly built by award-winning Paradigm Builders. It's an energy efficient and sustainable design with features including solar panels on the rooftop and private charging port for your electric vehicle. Convenience too with a central elevator!
Given the Town Centre location/zoning and that planning approval has been issued for Serviced Apartments and Multiple Dwellings, it means that the property can be used for both short stay and permanent residential accommodation. So if you have been looking for a property that you can use for your own holidays, as well as potentially profit from at other times of the year, this is an astute choice.
In the centre of town it is handy to all the restaurants and night-life, not to mention the river environs for a run or bushwalk. I don't need to tell you about the attractions for tourists in Margaret River, suffice to say Margaret River will always be a jewel in the West Australian tourism crown and people from West Australia, Australia and the world will always see our town as a holiday and lifestyle destination.
Building is underway, with build completion estimated to be November 2023, and Settlements estimated in January/February of 2024.
The timing is perfect to secure your part of this exciting venture.
Do note, these properties are for sale via the OPENN offers platform to ensure a fair and transparent process in a multiple offer scenario, although if required I can sit with you to make your purchase offer in writing.
Please call Mark now for an information memorandum.
N.B. Photo renders are indicative only.
Property features
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Toilets
2
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Floor area
111m2
Property snapshot by reiwa.com
This property at 4/Lot 441 Ned Higgins Lane, Margaret River is a two bedroom, two bathroom unit sold by Mark Murray at Ray White Stocker Preston on 28 Nov 2022.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
Cost breakdown
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Council rates: $2,780 / year
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Strata fees: $220 / 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
$905k
Median
$750k
Low end
$670k
7.9 %
Annual growth
$750k
Annual median sales price
$760pw
Annual median rental price
