Sold
5 Hillside Avenue, Margaret River WA 6285
Sold price: $720,000
Sold: 13 Dec 2021
Sold
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5 Bedrooms
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3 Bathrooms
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Landsize 630m2
House
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SPACIOUS HOME WITH MODERN GRANNY FLAT
*** THIS PROPERTY IS NOW UNDER CONTRACT ***
Situated in the highly regarded Riverslea area, this 4 bedroom 2 bathroom home on a 630sqm block is the perfect down south escape as well as an ideal investment earner. Living space abounds with two separate living areas, bedroom segregation, and a central open kitchen/lounge dining that flows out to the covered alfresco area. An enclosed garage also forms another living area and is well sound protected from the rest of the house.
In addition to the main residence, there is also fully approved completely separate ancillary accommodation that consists of one bedroom, a bathroom/laundry, a kitchen and an open living area that opens out onto a private timber deck. Completely detached from the main house by privacy screens and an access gate, explore the lucrative option of renting this house out to tenants or simply move in the teenagers or extended family and enjoy the luxury of living together in separation.
Within walking distance to the Margaret River walk trails, two delightful parks and to schools and town, this is an ideal base for your new Margaret River lifestyle or add this low maintenance double earner to your investment portfolio. Either way, it's a winner!
Sewerage and Drainage Easement on rear boundary.
Property features
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Floor area
200m2
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Verandah
Property snapshot by reiwa.com
This property at 5 Hillside Avenue, Margaret River is a five bedroom, three bathroom house sold by Barry Granville at Margaret River Real Estate First National on 13 Dec 2021.
Looking to buy a similar property in the area? View other five bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
Cost breakdown
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Council rates: $3,999 / 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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