SOLD
Sold on 09 Dec 2023 for $945,000

9 Station Road
Margaret River WA 6285

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 263m2
Land area: 2130m2
Sold By
Acton Belle Property South West
Save

Property Details for 9 Station Rd, Margaret River

Building Type
Land
Year Built
1960
Floor Size
263m2
Land Size
2130m2
Local Government
Augusta-Margaret River
Lot/Plan
7/P004838

Last Listing description (March 2024)

This prime 2,130sqm development site is in a fantastic location, central to the vibrant tourist town of Margaret River and situated within the very desired permissible zone for short stay accommodation (with shire approvals).

Located on Station Road, a significant commercial and medium density housing precinct, it is the perfect property for development. Situated just 300m from the Margaret River main street and shopping precinct, 100m from a medical centre and 400m from the recreation centre and sporting facilities.

Boasting a wide 30m frontage, the property is zoned Residential R30/R40 and when developing this will indicate an average site area of 300sqm for R30 or 220sqm for R40 resulting in a 6 to 8 unit complex. The R30/40 shall comply with R30 code however, local government may permit grouped and multiple dwelling developments to a maximum of the R40 code where the development addresses additional criteria. The current owners have development approval for 6 units.

Margaret River is a growing region with world renowned wineries, adventure tourism for surfing, mountain biking and hiking and with infrastructure such as the new Busselton Margaret River airport, main roads and much more, it is no wonder it is turning heads as the perfect holiday destination or place to live.

Property History for 9 Station Rd, Margaret River, WA 6285

A timeline of how this property has performed in the market
Last Sold
$945,000
09 Dec 2023
  • 09 Dec 2023
    Sold for $945,000
  • 03 Nov 2023
    Listed for Sale Offers over $1,000,000
  • 14 Apr 2019
    Sold for $550,000
Sign in to see more transactions

Commute Calculator

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 5,793 properties. Over the last 5 years, Houses in Margaret River have seen a 99.01% increase in median value, while Units have seen a 132.13% increase. As at 31 October 2024:

  • The median value for Houses in Margaret River is $870,796 while the median value for Units is $541,593.
  • Houses have a median rent of $700 while Units have a median rent of $520.
There are currently 61 properties listed for sale, and 13 properties listed for rent in Margaret river on OnTheHouse. According to CoreLogic's data, 356 properties were sold in the past 12 months in Margaret river.

Suburb Insights for Margaret River 6285

Market Insights
Margaret River Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Margaret River Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.