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
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Carports
4
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Verandah
Cost breakdown
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Council rates: $2,228 / year
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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 |