OFF MARKET

42/1 Resort Place
Gnarabup WA 6285

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 41m2
Land area: 41m2
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Property Details for 42/1 Resort Pl, Gnarabup

42/1 Resort Pl, Gnarabup is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 41m2 and floor size of 41m2. While the property is not currently for sale or for rent, it was last sold in May 2013.

Building Type
Unit
Year Built
1999
Floor Size
41m2
Land Size
41m2
Local Government
Augusta-Margaret River
Lot/Plan
42/S035875

Last Listing description (May 2013)

Better than the Banks!
In a great location just a few hundred metres from the beach, this Margarets Beach Resort studio, zoned 'Short Stay', represents a great entry point investment proposition. With a guaranteed 11.56% Gross Return on Investment(6.72% Net), you might be better off here than with the banks!
This open plan Studio Apartment has access to the Resort pool and playgrounds, and the highly regarded Gnarabar Restaurant is 50 metres from the doorstep. (It is possible to remove these studios from the rental pool, at a cost, but the zoning dictates that the owner can only occupy the studio for a maximum of 3 months per annum - call me for more details).

This is a great opportunity to own property in Margaret River!
RATES:
• Shire: $1485 per annum
• Water: $916.50 per annum
• Strata: $893.67 per quarter
Additional feature/s - Built-In Wardrobes.

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Property History for 42/1 Resort Pl, Gnarabup, WA 6285

A timeline of how this property has performed in the market
Last Sold
$112,000
16 May 2013
  • 16 May 2013
    Sold for $112,000
  • 23 Oct 2012
    Listed for Sale $119,950
  • 13 Jul 2006
    Sold for $185,000
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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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