Sold
Margaret River WA 6285
Sold price: $315,000
Sold: 07 Sep 2021
Sold
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2 Bedrooms
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1 Bathroom
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2 Cars
Villa
NEST OR INVEST!
Built in 2013 by Summit Homes and refurbished throughout in 2019 this villa is bright, modern and very functional. It has an open plan kitchen, stainless steel appliances, high specification finishes throughout and the added bonus of a private pet friendly courtyard. Look out upon bushland from your front door which is a short stroll to the coffee shop.
This home is also close to schools, local shops, parks and the town centre. A modern 2 bedroom villa that offers a variety of options suitable for everyone. You can purchase the home to live in and enjoy a peaceful lifestyle in a loving community or buy the property as a securely leased investment.
With the latest statistics showing tourism growing substantially in Margaret River, you can move in or choose excellent returns by either renting it out as a short term holiday rental or simply keep it on a long term lease and benefit from the current arrangement with a tenant through the National Rental Affordability Scheme (NRAS).
This NRAS option offers excellent tax savings and a possible positive cash flow.
The home is currently tenanted at $220 per week which is 20% below market valuation. In return both the state and federal governments provide you an annual cash payment in addition to the rent of $11,248.09 indexed at CPI up until 22/5/2023.
The key features of investment in the scheme are:
Annual Rent approx. $11,440
Government incentive payment $11,248
Total income received $22,688
- It is a flexible system - investors may exit at any time
- A competitive and transparent cost structure
- Robust tenant selection and management
- All relevant character, employment and past rental history checks are carried out
- Potentially lower vacancy and tenant turnover risk due to attractive rents
- Investors retain ultimate control over property maintenance and tenants
- Strong cash flow
- The system has been developed by investors for investors.
Property features
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Garages
2
Property snapshot by reiwa.com
This Margaret River property is a two bedroom, one bathroom villa sold by Linton Allen at Empire Residential Property on 07 Sep 2021.
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.
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
