Sold
53 Allnut Terrace, Augusta WA 6290
Sold price: $510,000
Sold: 05 Jan 2021
Sold
-
3 Bedrooms
-
1 Bathroom
-
2 Cars
-
Landsize 1,863m2
House
View
Development Ready!
Built in the year Australia converted from pounds shillings and pence to dollars and cents is this great holiday cottage in the middle of town on a massive 1,863sqm Town Centre zoned sewered block. It is opposite all the town community facilities and a very short walk to the main shopping precinct, restaurants and hotel. Astute holiday home hunters will soon recognise that this is not just a great base for holidays because of its location and size, but it is a fabulous investment as the land will support up to 11 units with the flexibility to be permanent or short stay use. Alternatively, you may choose to continue with a much smaller development of 4 homes suitable for downsizing retirees that want a central location on flat land with sufficient room for the car, dinghy and caravan. The current owner has already spent a substantial amount in getting underground power, sewer connection points, approvals and costings for a 4 home development. Whatever you decide, this property has all the necessary ingredients to make it an extraordinary investment. Whilst being a great place to holiday in for as long as you wish or continue renting it out and take advantage of negative gearing tax advantages. Come and check it now as opportunities like this don't come up often.
Property features
-
Garages
2
Property snapshot by reiwa.com
This property at 53 Allnut Terrace, Augusta is a three bedroom, one bathroom house sold by Alf Fandry at Ray White Stocker Preston on 05 Jan 2021.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Augusta or see other recently sold properties in Augusta.
Nearby schools
Augusta overview
The most south westerly town in the state, Augusta was named by Gov. Sir James Stirling in May 1830. Until 2003 it was thought the name honoured Princess Augusta Sophia, second daughter of King George III and Queen Charlotte. In 2003 the book "James Stirling - Admiral and Founding Governor of Western Australia" a letter by James Turner is referred to which states "a town is purposed to be built named Augusta, County of Sussex, in compliment to the Duke". Princess Augusta Sophia died unmarried, and the "Duke" is most likely the Duke of Sussex, Augustus Frederick (Hanover), the 6th son of George III. He married Lady Augusta Murray in 1793, but the marriage was deemed a violation of the Royal Marriage Act, and was declared null and void in 1794. Lady Augusta Murray is most likely the person after whom Augusta is named.
Life in Augusta
Augusta is a town on the south west coast of WA and was predominately a tourist town up until the late 1990s when many people chose to retired to the region. The town is known for its major attractions such as Cape Leeuwin "where two oceans meet" and its impressive lighthouse. Augusta is dependent on professional fishing, timber and tourism. There is a local shopping centre in the area and two primary schools - Augusta Primary School and Karridale Primary School, with the closest secondary school Margaret River Senior High School.
Augusta quick stats
High end
$908k
Median
$800k
Low end
$630k
26.0 %
Annual growth
$800k
Annual median sales price
$500pw
Annual median rental price
