SOLD
Sold on 05 Mar 2024 for $400,000

5/45 Station Road
Margaret River WA 6285

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 96m2
Land area: 105m2
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Property Details for 5/45 Station Rd, Margaret River

Building Type
Commercial
Year Built
2007
Floor Size
96m2
Land Size
105m2
Local Government
Augusta-Margaret River
Lot/Plan
5/S053405

Last Listing description (May 2016)

A PERFECT OPPORTUNITY HAS ARISEN TO PURCHASE THIS 105SQUARE METRE COMMERCIAL UNIT IN A VERY MODERN AND BUSY MARGARET RIVER COMPLEX. LOCATED IN STATION ROAD ALONGSIDE VERY WELL ESTABLISHED BUSINESSES, WITH LOADS OF PARKING SPACE FOR STAFF AND CUSTOMERS. THE OFFICE FITOUT IS DIVIDED INTO TWO LARGE AREAS, A RECEPTION/SHOWROOM AT THE FRONT, TO THE REAR IS A LARGE MULTI-PURPOSE AREA COMPLETE WITH KITCHEN FACILITIES PLUS A GENEROUS SIZED STORE ROOM AND COURTYARD. THIS OFFICE SPACE WILL SUIT A RANGE OF PROFESSIONAL PRACTICES AND IS CHEAP ENOUGH TO FIT COMFORTABLY INTO YOUR SUPER FUND. WITH A CURRENT LEASE IN PLACE OF $220:00 PER WEEK PLUS OUT GOINGS.

Property History for 5/45 Station Rd, Margaret River, WA 6285

A timeline of how this property has performed in the market
Last Sold
$400,000
05 Mar 2024
  • 05 Mar 2024
    Sold for $400,000
  • 28 Sep 2019
    Sold for $310,000
  • 06 Apr 2017
    Sold for $218,000
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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 5,810 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 52 properties listed for sale, and 4 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.

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.