OFF MARKET

2/7981 Caves Road
Forest Grove WA 6286

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 123m2
Land area: 13946m2
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Property Details for 2/7981 Caves Rd, Forest Grove

2/7981 Caves Rd, Forest Grove is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1989. The property has a land size of 13946m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in April 2007.

Building Type
House
Year Built
1989
Floor Size
123m2
Land Size
13946m2
Local Government
Augusta-Margaret River
Lot/Plan
2/S031137

Last Listing description (January 2016)

Nestled in the unique Boranup Forest on 1.4ha is a delightful and quirky rammed earth and limestone cottage that is surrounded by Karri forest with an abundance of wildlife including kangaroos, emus and native birds.
The cottage features 2 spacious bedrooms and 1 very well appointed bathroom that boasts a massive rain shower and hydrotherapy spa. Perfect for relaxing in and enjoying a glass of local wine as the sun sets amongst the huge Karri trees.
The property forms part of a unique rural strata that borders the Cape Naturaliste park and adjoins the renowned Boranup Fine timber Gallery and Cafe. You can take a short stroll along a bush track from your front door and enjoy a coffee or brunch at the cafe then go on to explore the gallery. The cottage is currently operating as a fully self contained holiday accommodation, with all approvals in place and returning a healthy income with repeat clientele.

Being zoned Short Stay/Tourism, means that when you are not enjoying the cottage for yourself, you can rent it out on a nightly basis at $220 - $240/night or $1100 - $1400/week, making this an appealing investment as well. Gross income for 2013/2014 $46,076.
With all the natural treasures that the area holds you will spend many memorable down south holidays in this delightful cottage.
Approximate yearly expenses:
Cleaning costs: $8,000
Linen hire: $3,500
Electricity: $750

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Property History for 2/7981 Caves Rd, Forest Grove, WA 6286

A timeline of how this property has performed in the market
Last Sold
$378,000
30 Apr 2007
  • 11 May 2015
    Listed for Sale $445,000
  • 30 Apr 2007
    Sold for $378,000
  • 21 Aug 2002
    Sold for $186,000

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About Forest Grove 6286

The size of Forest Grove is approximately 127.9 square kilometres. It has 7 parks covering nearly 33.9% of total area. The population of Forest Grove in 2011 was 236 people. By 2016 the population was 269 showing a population growth of 14.0% in the area during that time. The predominant age group in Forest Grove is 60-69 years. Households in Forest Grove are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Forest Grove work in a managers occupation. In 2011, 59.5% of the homes in Forest Grove were owner-occupied compared with 58% in 2016..

Forest Grove has 187 properties. Over the last 5 years, Houses in Forest Grove have seen a 120.61% increase in median value, while Units have seen a 13.68% increase. As at 30 September 2024:

  • The median value for Houses in Forest Grove is $1,206,623 while the median value for Units is $358,894.
There are currently 3 properties listed for sale, and 1 property listed for rent in Forest grove on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Forest grove.

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