31 Elizabeth StreetMargaret River WA 6285
Property Details for 31 Elizabeth St, Margaret River
Last Listing description (April 2019)
The composite industrial zoning of this unique property allows for both lifestyle choice and employment opportunity, and is a very astute investment in your future. A massive 989m2 corner block with rear lane access and fronting a major tourist route, with a solid 3 bedroom home, a 120m2 commercial shed with excellent tenant in place, and another 60m2 shed for your own personal use. No matter which way you spin it, this property really delivers:
- A neat and tidy three bedroom home with the shed returning a passive income as good as or better than ancillary accommodation.
- An opportunity to have a home and run a business, overlooking public open space, fronting a major tourist route, and still a part of the Light Industrial area.
The house itself is surprisingly spacious with fully enclosed yard, generous outdoor deck and pizza oven. With slow combustion fireplace , good sized rooms and kitchen with dishwasher, your comfort is assured, and it has recently achieved a rent of $385.00 per week.
Both sheds face Boodjidup Road, have 3 phase power, and would suit a variety of business options. Keep the existing tenant who pays a decent rent while still utilising one for your self, or take possession of the lot and grow your future and business in the same location.
This is one of the best investment options around and won't last long - give me a call to arrange an inspection today.
Property History for 31 Elizabeth St, Margaret River, WA 6285
- 18 Feb 2019Sold for $535,000
- 11 Jan 2019Listed for Sale $545,000
- 26 Oct 2018Listed for Rent - Price not available
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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 5,813 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.
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