SOLD
Sold on 05 Apr 2024 for $160,000

3/14 Willmott Avenue
Margaret River WA 6285

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 155m2
Land area: 73m2
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Property Details for 3/14 Willmott Ave, Margaret River

Building Type
Commercial
Year Built
1995
Floor Size
155m2
Land Size
73m2
Local Government
Augusta-Margaret River
Lot/Plan
3/S027826

Last Listing description (August 2024)

Looking to build your own holiday home or investment opportunity centrally located in Margaret River? Then this block is perfect for you! Share the benefits of this exclusive and private estate of holiday villas whilst surrounded by the river and forest.

This vacant lot with a 73m2 building envelope is ready for you to build a 2 story holiday dwelling to capture 146m2 or holiday living in the heart of Margaret River.

Features Include:

- Great opportunity to be a part of a community, sharing in over 2ha of prime land only minutes to Margaret River CBD
- One of the last available lots this close to town and the river, whilst located just metres from the banks of the Margaret River itself and 800m from the main street of town
- Surrounded by bushland and open space, for residents and guests to enjoy including a sealed access road, visitor parking bays, a covered BBQ pavilion overlooking the valley, and a walkway connecting the property to riverside trails including Barret Weir
- Tourism zoned ('short stay approved') strata property allows a range of designs to be constructed on the site. Once your villa is complete make the most of up to three months of accommodation at a time or distributed however you see fit throughout the year
- Lease out your villa as a short-stay holiday house for the rest of the year making a very tidy income on your investment
- The perfect base for exploring Margaret River, stroll into town along Willmott Avenue, or take the river-side walking and cycling trails that begin just metres from your boundary
- Within 15 minutes drive are some of Australia's best beaches, surf breaks, and famous wineries.
- Generous strata fees and building restrictions allow for more freedom with your holiday asset
- Less than 5 minutes to town to explore the vibrant Margaret River CBD including Morries, Elkemo, Burger Baby, and Settlers Tavern

You would know that vacant lots like this one don't come up very often, so don't miss your opportunity and call Ben Lloyd today!

Property History for 3/14 Willmott Ave, Margaret River, WA 6285

A timeline of how this property has performed in the market
Last Sold
$160,000
05 Apr 2024
  • 05 Apr 2024
    Sold for $160,000
  • 08 Feb 2024
    Listed for Sale OFFERS ABOVE $150,000
  • 09 Dec 2022
    Listed for Sale $155,000
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About 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 5,812 properties. Over the last 5 years, Houses in Margaret River have seen a 91.27% increase in median value, while Units have seen a 93.81% increase. As at 31 December 2024:

  • The median value for Houses in Margaret River is $878,411 while the median value for Units is $526,786.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 50 properties listed for sale, and 6 properties listed for rent in Margaret river on OnTheHouse. According to CoreLogic's data, 377 properties were sold in the past 12 months in Margaret river.

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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.