SOLD
RECENT ADVICE
Sold on 05 Dec 2024 for $1,275,000

38 Town View Terrace
Margaret River WA 6285

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 119m2
Land area: 1270m2
Sold By
Acton | Belle Property South West
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Property Details for 38 Town View Tce, Margaret River

38 Town View Tce, Margaret River is a 3 bedroom, 2 bathroom House and was built in 1950. The property has a land size of 1270m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 3 bedroom House sold in Margaret River in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
119m2
Land Size
1270m2
Local Government
Augusta-Margaret River
Lot/Plan
43/P004947

Last Listing description (December 2024)

It doesn't get more central than this. An excellent opportunity has emerged in the heart of thriving Margaret River.

Prized for its Town Centre zoning, this large 1,270sqm lot grants the astute buyer vast development opportunities in the CBD. While your plans are being made, the property offers the ability for immediate income with a fully renovated 1950's 3-bedroom 2-bathroom character home complete with short-stay holiday approval.

The Margaret River Region is booming, attracting first home buyers, FIFO workers, retirees and holiday makers all trying to get a piece of the South West lifestyle. The region is renowned for its world class wines, quality foods and restaurants, stunning natural beauty, laidback lifestyle, tourism appeal and job opportunities.


Within this context, this exceptional block is a rare find that won't last long given the current demand for spacious land in premium locations. If you have been looking for that unique investment opportunity in the South West, you cannot go past 38 Town View Terrace without having a good look. Don't delay call today to inspect.

Zoned town Centre
Development site
Mixed use of commercial and residential R60
Current short-stay holiday approval
3-bedroom, 2-bathroom home
Access from Town View Tce and Higgins Lane
Allows 10m height construction, i.e. 3 storey building
1,270 square metre block with 26.9 m frontage

Property History for 38 Town View Tce, Margaret River, WA 6285

A timeline of how this property has performed in the market
Last Sold
$1,275,000
05 Dec 2024
  • 05 Dec 2024
    Sold for $1,275,000
  • 14 Oct 2024
    Listed for Sale From $1,250,000
  • 05 Jun 1998
    Sold for $208,000
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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 5,815 properties. Over the last 5 years, Houses in Margaret River have seen a 98.28% increase in median value, while Units have seen a 170.70% increase. As at 30 November 2024:

  • The median value for Houses in Margaret River is $885,124 while the median value for Units is $569,156.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 63 properties listed for sale, and 7 properties listed for rent in Margaret river on OnTheHouse. According to CoreLogic's data, 370 properties were sold in the past 12 months in Margaret river.

Suburb Insights for Margaret River 6285

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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.