SOLD
Sold on 28 Feb 2024 for $530,000

5/18 Fearn Avenue
Margaret River WA 6285

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 77m2
Land area: 77m2
Sold By
Ray White Stocker Preston
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Property Details for 5/18 Fearn Ave, Margaret River

Building Type
Commercial
Year Built
2000
Floor Size
77m2
Land Size
77m2
Local Government
Augusta-Margaret River
Lot/Plan
5/S038017

Last Listing description (April 2024)

Opportunity to secure 2 premises with solid new 2 year government lease.

A combined lettable space of 153m2 with both bathroom and kitchenette facilities. Situated in a well-appointed complex of 5 commercial spaces located one street back from town centre.

A sale at the current asking price/range would represent a 6.5% return on your investment. with a rent revie due that will see it over a 7% return.

Margaret River is part of the rapidly expanding Southwest region and the commercial area of town is well place for future growth.

Disclaimer: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this material. Licensee: Downsouth (WA) Pty Ltd ACN 125 383 628

Property History for 5/18 Fearn Ave, Margaret River, WA 6285

A timeline of how this property has performed in the market
Last Sold
$530,000
28 Feb 2024
  • 28 Feb 2024
    Sold for $530,000
  • 01 Aug 2023
    Listed for Sale Offers over $545,000
  • 25 Feb 2010
    Sold for $470,000
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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 5,796 properties. Over the last 5 years, Houses in Margaret River have seen a 103.06% increase in median value, while Units have seen a 96.33% increase. As at 30 September 2024:

  • The median value for Houses in Margaret River is $886,294 while the median value for Units is $553,482.
  • Houses have a median rent of $700 while Units have a median rent of $520.
There are currently 67 properties listed for sale, and 11 properties listed for rent in Margaret river on OnTheHouse. According to CoreLogic's data, 336 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.