Reiwa Reiwa
87 Tunbridge Street, Margaret River WA 6285

87 Tunbridge Street, Margaret River WA 6285

Sold price: $1,040,000
Sold
Sold: 24 Dec 2021

4 Bedrooms

2 Bathrooms

4 Cars

Landsize 2,174m2

House

Contact the agent

Margaret River Real Estate First National


TWO CHARACTER HOMES ON DEVELOPMENT SITE - WEST OF TOWN

Here is an opportunity to buy a property west of town, currently zoned future tourism.
Situated on the 2173m2 property are two residences made of stone and timber, a shed, lawns and gardens. One home is a 3 bedroom, 1 bathroom home, the other is a 1 bedroom 1 bathroom studio. Both have raked ceilings, wood fires and a lovely country vibe. The main house is currently rented at $395/week until May 2022 and the studio is rented on a periodic basis for $150/week.
Walk or cycle to town and take advantage of the forest cycle trails which connect at the boundary or head west to the beach.
This is the perfect opportunity to rent one out and stay/live in the other yourself, keep both rented as the current tenants would love to stay on, or buy and develop into a multi-unit complex.
Contact agent for a price guide and to arrange an inspection.
The adjoining 2567m2 property is also available for sale. Combined, there is the potential for 8, possibly 9 units (subject to shire approval).

Property features

  • Carports 4
  • Verandah  

Cost breakdown

  • Council rates: $2,228 / year
  • Water rates: $44 / year

Nearby schools

St Thomas More Catholic Primary School Primary Non-government 0.4km
Margaret River Montessori School Primary Non-government 0.8km
Margaret River Senior High School Secondary Government 1.0km
Margaret River Primary School Primary Government 1.1km
Rapids Landing Primary School Primary Government 2.2km
Cowaramup Primary School Primary Government 11.9km
Margaret River Independent School Primary Non-government 13.3km
Karridale Primary School Primary Government 29.6km
Yallingup Steiner School Primary Non-government 31.2km
Vasse Primary School Primary Government 34.8km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4540307