OFF MARKET

5 Osborne Street
Gracetown WA 6284

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 231m2
Land area: 985m2
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Property Details for 5 Osborne St, Gracetown

5 Osborne St, Gracetown is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2016. The property has a land size of 985m2 and floor size of 231m2. While the property is not currently for sale or for rent, it was last sold in November 2014.

Building Type
House
Year Built
2016
Floor Size
231m2
Land Size
985m2
Local Government
Augusta-Margaret River
Lot/Plan
28/P208804

Last Listing description (December 2014)

LIFESTYLE LAND-BANK GENERATING INCOME
WELL LOCATED WITHIN EASY WALKING DISTANCE TO SURF BREAKS AT HUZZAS, SOUTH POINT AND THE PRISTINE COASTLINE OF COWARAMUP BAY, THIS LONG TERM RENTAL PROPERTY HAS GREAT OCEAN VIEWS AND WOULD SUIT AN ASTUTE LIFESTYLE INVESTOR. FUNCTIONAL TWO STOREY DWELLING WITH OCEAN VIEWS, HAS SEPARATE SELF CONTAINED LIVING QUARTERS UPSTAIRS AND DOWN. WITHFOUR BEDROOMS AND TWO BATHROOMS, TWO KITCHENS AND A LARGE SHED IN THE BACKYARD, THE PROPERTY ALLOWS MULTIPLE RENTAL INCOMES OR ALTERNATIVELY CONSIDER UTILISING ONE OF THE SELF-CONTAINED LEVELS FOR YOUR OWN USE WHILST STILL GENERATING A RENTAL INCOME FROM THE OTHER. A DECENT SIZED BLOCK OF 985SQM WITH A NORTH FACING ASPECT, UNDULATING FROM THE ROADSIDE, THE LONG-TERM REDEVELOPMENT POTENTIAL IS ALL ABOUT MAXIMISING THE VIEWS AND HAVING A LARGE ENOUGH BACKYARD FOR OFF-STREET PARKING AND PRIVACY. THIS PROPERTY WOULD BE A GREAT SITE TO BUILD YOUR DREAM BEACH HOME, DOWN THE TRACK. ENJOY THE BEST OF BOTH WORLDS, EASY WALK TO THE SURF, TENNIS COURTS, SHOPS AND RESTAURANT WHILST TAKING IN OCEAN VIEWS ACROSS COWARAMUP BAY, RIGHT UP TO CAPE CLAIRAULT IN THE NORTH. A GREAT LAND-BANK WITH INCOME! FIND ME ANOTHER INVESTMENT THAT YOU CAN GET THIS MUCH LIFESTYLE ENJOYMENT OUT OF. TO VIEW OTHER MARGARET RIVER REAL ESTATE VISIT OUR WEBSITE.

Property History for 5 Osborne St, Gracetown, WA 6284

A timeline of how this property has performed in the market
Last Sold
$855,000
20 Nov 2014
Listed for Rent
$235/w
21 Jan 2009
  • 20 Nov 2014
    Sold for $855,000
  • 11 Nov 2014
    Listed for Sale $879,000
  • 13 Nov 2013
    Listed for Sale $899,000
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About Gracetown 6284

The size of Gracetown is approximately 32.6 square kilometres. It has 2 parks covering nearly 91.1% of total area. The population of Gracetown in 2011 was 472 people. By 2016 the population was 221 showing a population decline of 53.2% in the area during that time. The predominant age group in Gracetown is 40-49 years. Households in Gracetown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gracetown work in a professional occupation. In 2011, 67.8% of the homes in Gracetown were owner-occupied compared with 65.5% in 2016.

Gracetown has 268 properties. Over the last 5 years, Houses in Gracetown have seen a 129.38% increase in median value, while Units have seen a -6.47% decrease. As at 31 August 2024:

  • The median value for Houses in Gracetown is $1,370,895 while the median value for Units is $420,860.
There are currently 1 property listed for sale, and no properties listed for rent in Gracetown on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Gracetown.

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