Sold
48 Le Souef Street, Margaret River WA 6285
Sold price: $830,000
Sold: 10 Dec 2021
Sold
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3 Bedrooms
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1 Bathroom
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1 Car
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Landsize 959m2
House
View
HOLIDAY RENTAL AND FUTURE DEVELOPMENT IN TOWN
Opportunities like this don't come along very often, so grab it while you can!
Subdivide with current dwelling in place; remove cottage and divide to create two blocks; remove cottage and create a 4 unit development site; or simply enjoy this well-cared-for and greatly loved character cottage just a short stroll to the marvelous Margaret River Main Street. Simple, light and airy, the home has a fabulous relaxed feel and has sat happily on this delightful piece of land for over 60 years.
Set on a massive 959sqm block, options abound and include:
• Move in and simply enjoy space to grow a family and a garden - embrace the great Aussie backyard with westerly views, and fruit and avocado trees (not to mention the super sweet front yard!)
• If it's a holiday home you're looking for - what a beautiful little AirBnB this one would make - guests will thrill in the character, and be grateful for the perfect central location so close to all that the region has to offer.
• And there's nothing like investing in a property that can create wealth - here you can have holiday rental income* and/or in the future pursue a subdivision - one that retains the cottage and creates two parcels, or remove the house and create up to 4 parcels.
Here is the life you've been dreaming of - call now to have a chance with this prized parcel of Margaret River earth.
To allow transparency and fairness to buyers, this property is for sale by Openn Offers. Please get in touch to be involved - the property can sell at any time.
*NB. The property is in the Shire's Holiday House Permissible Zone but approval has not been sought
Property features
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Garages
1
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Toilets
1
Property snapshot by reiwa.com
This property at 48 Le Souef Street, Margaret River is a three bedroom, one bathroom house sold by Clare Andrews and Sarah Twine at Ray White Stocker Preston on 10 Dec 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: $2,150 / year
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Water rates: $1,463 / 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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