Sold
5/23 Fearn Avenue, Margaret River WA 6285
Sold price: $575,000
Sold: 14 Oct 2022
Sold
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2 Bedrooms
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2 Bathrooms
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1 Car
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Landsize 142m2
Apartment
View
Carefree Central and Secure
You can’t go wrong with this smart, secure short-term apartment right in the middle of town.
Situated on the second level of a small complex, the apartment is spacious and tastefully appointed. Once through the front door you’re greeted with a huge open plan living area leading to a north facing balcony. The living area leads off to 2 large bedrooms with robes and 2 well appointed bathrooms
The apartment also comes fully furnished and most furnishings have only recently been upgraded.
Downstairs you have access to a large garage and additional parking right outside.
This could be your short-term rental and/or your carefree Margaret River holiday escape. This is an incredible opportunity for the savvy investor.
Its currently used as a successful short-term apartment which achieves excellent occupancy.
For further information on returns and to arrange an inspection please contact Tim Beeson. Please note this property is consistently booked so access is limited to change over days.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property features
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Garages
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Property snapshot by reiwa.com
This property at 5/23 Fearn Avenue, Margaret River is a two bedroom, two bathroom apartment sold by Tim Beeson at The Agency on 14 Oct 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.
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
