Sold
8 Walkington Avenue, Margaret River WA 6285
Sold price: $880,000
Sold: 10 Jul 2024
Sold
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3 Bedrooms
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1 Bathroom
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Landsize 920m2
House
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Live Today; Invest For Tomorrow
Whether you see an investment gem or your new home, this convenient, flexible property in the heart of Margaret River presents a rare and captivating opportunity for developers, investors and owner occupiers alike.
With a generous 920sqm of land and the current R30/40 zoning to work with, 8 Walkington Avenue boasts immense development potential, offering the possibility of both Green Title and Strata subdivisions. Furthermore, its sits within the permissible zone for short stay accommodation, in accordance with the Augusta Margaret River Shire's local planning policy, enhancing its appeal as a lucrative investment in this tourist town.
This charming renovated cottage, set forward on the block, features a flexible floor plan with 3-4 bedrooms—or a combination of living spaces and office—a modernised bathroom, and a central living area bathed in natural light from a large skylight. The warmth of a wood stove adds to the ambience, while the refurbished kitchen, resplendent with Marri timber benchtops and classic Jarrah floorboards, infuses the home with local character.
Step outside to discover the sun-drenched, north-facing rear deck with a vine-covered pergola providing filtered shade during the summer months. The expansive backyard, replete with a variety of mature fruit trees and fertile vegetable gardens, faces onto a rear laneway that provides a handy additional access point.
Perfect for young families, this residence is ideally situated opposite the Margaret River Primary School on the other side of the laneway, and within an easy walk to the high school and main street of Margaret River.
For investors, the property's prime location, short stay capability, and subdivision potential signify a wise addition to any portfolio. For families, couples or singles, this lovely home offers ample scope for personalisation and further refinement if you so choose. But as it’s already benefited from a renovator’s touch, it needs nothing but a new family to move in and enjoy it.
Please call Tim Beeson from The Agency Margaret River to organise and inspection of this amazing opportunity.
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 snapshot by reiwa.com
This property at 8 Walkington Avenue, Margaret River is a three bedroom, one bathroom house sold by Tim Beeson at The Agency on 10 Jul 2024.
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.
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
