Multi-unit development potential on 2567m2 site, currently zoned future tourism west of Margaret River townsite.
Home to a clean, retro feel, solid brick 3 bedroom, one bathroom home with open plan kitchen, dining & living areas. Wooden windows offer up views to large rear garden and winter creek on the western boundary.
There’s plenty of room on this site to add on an art studio or granny flat or garage & workshop.
Walk or cycle to town and take advantage of the forest & beach cycle trails which connect across the road or relax in the sun under the peppermint trees on the back lawn.
Whether you’re looking for an investment (the tenants would love to stay on – currently paying $385/week), a holiday residence or a development opportunity, the option is yours.
Contact agent for a price guide and to arrange an inspection.
The adjoining 2174m2 property with two homes is also available for sale. Combined, there is the potential for 8, possibly 9 units (subject to shire approval).
This property at 81 Tunbridge Street, Margaret River is a three bedroom, one bathroom house sold by Nicole Fowler at Margaret River Real Estate First National on 13 Feb 2022.
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.
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.