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Lot 9, 62 Orchid Ramble, Margaret River WA 6285

Sold price: $160,000 Sold: 20 Mar 2020
Sold
  • Landsize 252m2
Land
Lot 9, 62 Orchid Ramble, Margaret River WA 6285

Coastal Bargain - Amazing Location

Tucked away in a fantastic peaceful locale is this newly created mixed use strata vacant block. With approval to reside here permanently or to have holiday accommodation, it is a unique opportunity to get the best of both worlds at an amazing entry level price. Approvals are in place to build a great 2 bedroom, 2 bathroom residence, with colour choices that will blend the dwelling into the surrounds beautifully. Surrounded by diverse bushland, the area boasts abundant wildlife and fauna with amazing seasonal native Orchids. Some locals walk or ride to the beach. Some make their way down to the river for a paddle or a fish. And it’s a 2 minute drive for a surf or a feed at Sea Gardens. Without doubt, the most affordable way to get into a holiday home or place to reside at the coast in our region. Call Craig Bamford exclusive Property Consultant to 9/62 Orchid Ramble.

Property features

Listing snapshot by reiwa.com

This land listing located in Margaret River was sold by Craig Bamford at Margaret River Real Estate First National.

If you would like to get in touch with Craig Bamford regarding Lot 9, 62 Orchid Ramble, Margaret River, please call 0417 922 223 or contact the agent via email.

Cost breakdown

  • Council rates: $1,698 / year
  • Water rates: $264 / year

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

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FAQ's

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

Lot 9, 62 Orchid Ramble, Margaret River sold on 20/3/2020 for $160,000.
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