SOLD
Sold on 27 Nov 2023 for $660,000

289 Margaret Row
Kingsford WA 6701

Bedrooms: 5
Bathrooms: 2
Car spaces: -
Land area: 81839m2
Sold By
Outback Coast Property Carnarvon
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Property Details for 289 Margaret Row, Kingsford

Building Type
Rural
Year Built
1979
Land Size
81839m2
Local Government
Carnarvon
Lot/Plan
9/D020826

Last Listing description (December 2023)

For the first time in four decades the beautiful Rivergums Plantation has been listed for sale. Just over twenty acres in size, nestled on the riverbank of the mighty Gascoyne River this property boasts exceptional water quality with 73,000kL of basin "A" allocation, a surface water license of 60,000kL and a scheme GWC allocation of 23,000kL. The property is currently planted with approximately 5 acres of bananas and has (approx) 120 mature mango trees and there has been 300 new mango tress recently planted and the remainder of the property is open ground ready for planting. The main residence is a five bedroom, two bathroom brick and colour bond construction, the main bedroom has an esnuite all rooms have built in robes and ceiling fans, three of the rooms have air conditioning. There is a large galley style kitchen and breakfast bench overlooking the open sitting room. There is also a 5kw solar power system installed so no more power bills for the house.
The standout feature of this property is not just the location less than 5km from the CBD, the established gardens are an absolute credit to the current owner the photos don't do it justice. The property was famous for it's River Gums cafe which is no longer operating but could be easily re-established if the new owners decided to do so just ask any local and they will tell you how great the river burgers were, accompanied by a fresh mango smoothie seated amongst the established garden.
There is some plant and equipment including a tractor, slasher, banana trailer, plough discs, four wheeler motor bike, boom spray and plastic layer, the property is to be sold on a walk in walk out basis so there is plenty of sundry items included.

The two submersible pumps in the river are 4kw and there is a 32,000l storage tank for irrigation. Taking into account all the improvements such as the main residence, cafe infrastructure and workshops which could cost over $700K to replace, making this property a great investment ready to be taken to the next level. The current owner has reluctantly decided to retire so don't delay call Outback Coast Property to book your own private inspection today!

Property History for 289 Margaret Row, Kingsford, WA 6701

A timeline of how this property has performed in the market
Last Sold
$660,000
27 Nov 2023
  • 27 Nov 2023
    Sold for $660,000
  • 02 Jun 2022
    Listed for Sale $850,000
  • 21 Sep 1979
    Sold for $71,589

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About Kingsford 6701

The size of Kingsford is approximately 3.3 square kilometres. It has 1 park covering nearly 0.9% of total area. The population of Kingsford in 2011 was 327 people. By 2016 the population was 336 showing a population growth of 2.8% in the area during that time. The predominant age group in Kingsford is 60-69 years. Households in Kingsford are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kingsford work in a managers occupation. In 2011, 77.2% of the homes in Kingsford were owner-occupied compared with 79.1% in 2016..

Kingsford has 130 properties. Over the last 5 years, Houses in Kingsford have seen a 53.34% increase in median value. As at 31 October 2024:

  • The median value for Houses in Kingsford is $385,627.
There are currently no properties listed for sale, and no properties listed for rent in Kingsford on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Kingsford.

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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.