2 Peake StreetCowaramup WA 6284
Property Details for 2 Peake St, Cowaramup
2 Peake St, Cowaramup is a 0 bedroom, 0 bathroom House and was built in 1988. The property has a land size of 1795m2 and floor size of 194m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (January 2023)
Welcome to 2 Peake Street, Cowaramup where an exciting development opportunity exists.
Situated in a strong profile location in Cowaramup, a highly recognised growing character town.
On offer is a large 1795m2 Town Centre zoned lot with frontage to Bussell Highway and access off the side street.
Property with town centre zoning is very limited in the Cowaramup CBD and the zoning allows many uses including commercial, shops, food and beverage, plus residential uses.
Residential rental income is a benefit until you are ready to build with the existing 3 bed, 2 bath older style home which is currently tenanted on a periodic lease.
The existing dwelling is also positioned well on the lot for staged development consideration.
Located in the secondary tourist destination of Cowaramup, with a growing population of over 2000 residents and smack bang in the heart of the Margaret River Wine Region, this property ticks a lot of boxes for a development proposition.
Features include:
1795m2
Town centre zoning
Zoning allows many different commercial and residential uses
Current development approval for small supermarket
Profile position
Bussell Highway frontage - side road access
Existing dwelling positioned well for staged development
3 bed, 2 bath home under periodic lease
Walking distance to town facilities
Growing population of over 2000 residents
High traffic flow through the town
Central to the Margaret River Wine Region
Secondary tourist destination
Sewer, town water, power available
Contact exclusive listing agents Jill Turton on 0418 933 345 or Michelle Pownall on 0438 913 570 for more information on this exciting opportunity.
Property History for 2 Peake St, Cowaramup, WA 6284
- 03 Feb 2022Sold for $810,000
- 17 Jan 2022Listed for Sale From $750,000
- 14 Feb 2009Listed for Sale $570,000
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0About Cowaramup 6284
The size of Cowaramup is approximately 95.8 square kilometres. It has 4 parks. The population of Cowaramup in 2011 was 1,132 people. By 2016 the population was 1,886 showing a population growth of 66.6% in the area during that time. The predominant age group in Cowaramup is 0-9 years. Households in Cowaramup are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cowaramup work in a managers occupation. In 2011, 68.5% of the homes in Cowaramup were owner-occupied compared with 74.4% in 2016.
Cowaramup has 1,727 properties. Over the last 5 years, Houses in Cowaramup have seen a 81.04% increase in median value, while Units have seen a 24.61% increase. As at 31 October 2024:
- The median value for Houses in Cowaramup is $908,358 while the median value for Units is $809,999.
- Houses have a median rent of $750.
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