SOLD
Sold on 29 Nov 2023 for $395,000

21/1 Resort Place
Gnarabup WA 6285

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 84m2
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Property Details for 21/1 Resort Pl, Gnarabup

21/1 Resort Pl, Gnarabup is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 84m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom Unit sold in Gnarabup in the last 12 months.

Building Type
Unit
Year Built
1999
Floor Size
75m2
Land Size
84m2
Local Government
Augusta-Margaret River
Lot/Plan
21/S035875

Last Listing description (December 2023)

- 2nd Floor 2 Bedroom, 1 Bathroom Apartment with fantastic ocean views.- Fully furnished.- Resort Style Accommodation.- Pool, Sauna, Restaurant, Bar.2-bedroom beach units on the second floor rarely come to market. They are tightly held. Professional surfers and repeat guests request this room to keep an eye on the ocean. The views are that good. Enjoy staying at the resort when you can and in between holidays down south let the resort manage the apartment for you and take a very healthy monthly income from the lessee. Currently at $2,504.39. Family and friends can walk with ease to the White Elephant Cafe and Gnarabup Beach or simply laze around the pool and enjoy the convenience of the adjoining Bar/Restaurant, The Common.There are numerous options on how owners of these units can choose to utilise these apartments.- Continue to leave in the pool and use when you can. This way you receive a monthly income of $2,504.39 and if you come and stay, pay owners rates which vary on peak and off-peak nightly rates.- Take out of the managed pool and use yourself and/or manage yourself to the short stay holiday market. Note: there is a $3000 exit fee and individual service meters will need to be installed. Lease conditions outline options for this.- Leave vacant and you and friends use when down.- Have a short stay company mange for you.Or even somebody who is fly-in fly-out, loves to keep an eye on the surf and which may suit your swings. Short stay restrictions still apply with the short stay zoning that the property has.Note: any one person is not able to occupy the apartment for more than 3 months in any calendar year.To arrange a time to inspect contact Craig Bamford. Exclusive Property Consultant to 210/1 Resort Place.As lead time will be necessary to confirm the unit is vacant as they are very popular with tourists.

Property History for 21/1 Resort Pl, Gnarabup, WA 6285

A timeline of how this property has performed in the market
Last Sold
$395,000
29 Nov 2023
  • 01 Dec 2023
    Listed for Sale $395,000
  • 29 Nov 2023
    Sold for $395,000
  • 27 Apr 2002
    Sold for $250,000
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About Gnarabup 6285

The size of Gnarabup is approximately 2.5 square kilometres. It has 4 parks covering nearly 92.4% of total area. The population of Gnarabup in 2011 was 351 people. By 2016 the population was 467 showing a population growth of 33.0% in the area during that time. The predominant age group in Gnarabup is 40-49 years. Households in Gnarabup are primarily couples with children and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Gnarabup work in a managers occupation. In 2011, 61.9% of the homes in Gnarabup were owner-occupied compared with 71.6% in 2016.

Gnarabup has 444 properties. Over the last 5 years, Houses in Gnarabup have seen a 98.11% increase in median value, while Units have seen a 323.82% increase. As at 31 October 2024:

  • The median value for Houses in Gnarabup is $1,061,883 while the median value for Units is $468,718.
There are currently 7 properties listed for sale, and no properties listed for rent in Gnarabup on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Gnarabup.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.