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9/16 Magpie Street, Margaret River WA 6285

Sold price: $268,000 Sold: 02 Jul 2020
Sold
  • 2 Bedrooms
  • 1 Bathroom
  • 3 Cars
  • Landsize 183m2
House
9/16 Magpie Street, Margaret River WA 6285

Funky 2 Bed Townhouse With Good ROI!

Capitalise on the solar passive qualities of this neat and tidy 2 bedroom, 2 storey townhouse. Situated with in a well-managed complex, features include a north facing courtyard /alfresco area. Enjoy the sun filled living space downstairs which includes an open plan kitchen/dining/living area which spills onto the courtyard via sliding doors allowing plenty of space. A conveniently located laundry and second WC ensure the townhouse is practical and functional.

Upstairs floor to ceiling windows fill the area with sunlight, the separate WC and bathroom provide privacy between the two bedrooms which both have generous built in robes.

Tandem parking for 2 cars and a storeroom complete the picture. There is even room for a veggie patch!

Currently tenanted on a periodical lease and showing an excellent a ROI of approx. 5.0%.

If you are looking for a low maintenance investment property or entry level townhouse then look no further!

NB 48 Hours notice required for all inspections.

Property features

  • Air conditioned  
  • Garages 1
  • Carports 2
  • Toilets 2

Property snapshot by reiwa.com

This property at 9/16 Magpie Street, Margaret River is a two bedroom, one bathroom house sold by Sarah Twine and Clare Andrews at Ray White Stocker Preston on 02 Jul 2020.

Looking to buy a similar property in the area? View other two bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.

Cost breakdown

  • Council rates: $2,089 / year
  • Water rates: $1,426 / year
  • Strata fees: $423 / quarter

Nearby schools

0.6km
1.2km
1.3km
Disclaimer

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
This listing
9.5 %
Annual growth
$750k
Annual median sales price
$680pw
Annual median rental price

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FAQ's

The median house price in Margaret River is $750,000, the median unit price is $820,000.

9/16 Magpie Street, Margaret River is a 2 bedroom, 1 bathroom house.

The average number of selling days in Margaret River is 13 days.
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