17 Le Souef StreetMargaret River WA 6285
Property Details for 17 Le Souef St, Margaret River
17 Le Souef St, Margaret River is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1095m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Margaret River in the last 12 months.
Last Listing description (August 2024)
Delight in the boundless potential offered at 17 Le Souef St, centrally located in town. This older 3-bedroom, 1-bathroom house is an investor's dream, boasting a sizeable 1095 square metre elevated block with the much-coveted zoning of R30/40. Astute developers and land bankers will immediately recognise the potential lucrative opportunity to craft a development comprising 3, 4, or even 5 units with some smart planning.
Positioned in the short-stay permissible zone, this property is ripe for transformation, enabling you to harness its potential. Presently leased to an excellent tenant eager to extend their stay, you can enjoy a steady rental income as you orchestrate your future development plans.
Strategically located close to local schools and main street, the property encapsulates the convenience of urban living. The property's adaptability, coupled with its enviable central location close to all the regional delights, secures its bright future irrespective of the path you choose.
Seize the chance to own a slice of Margaret River with plenty of potential.
Contact Tim Beeson from The Agency Margaret River to organise an inspection today.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property History for 17 Le Souef St, Margaret River, WA 6285
- 21 Aug 2024Sold for $930,000
- 09 Aug 2024Listed for Sale Offers above $929,000
- 09 Nov 2022Listed for Rent $480 / week
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0About Margaret River 6285
The size of Margaret River is approximately 61.3 square kilometres. It has 32 parks covering nearly 21.9% of total area. The population of Margaret River in 2011 was 6,328 people. By 2016 the population was 7,650 showing a population growth of 20.9% in the area during that time. The predominant age group in Margaret River is 30-39 years. Households in Margaret River are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margaret River work in a trades occupation. In 2011, 61.8% of the homes in Margaret River were owner-occupied compared with 65.6% in 2016.
Margaret River has 5,793 properties. Over the last 5 years, Houses in Margaret River have seen a 99.01% increase in median value, while Units have seen a 132.13% increase. As at 31 October 2024:
- The median value for Houses in Margaret River is $870,796 while the median value for Units is $541,593.
- Houses have a median rent of $700 while Units have a median rent of $520.
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