50/115 Rigg RoadMyalup WA 6220
Property Details for 50/115 Rigg Rd, Myalup
50/115 Rigg Rd, Myalup is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2014. The property has a land size of 1268m2 and floor size of 250m2. While the property is not currently for sale or for rent, it was last sold in March 2013.
Last Listing description (April 2013)
Prime Waterfront Land!
1 only | $89,000 only!
Lot 50/115 Rigg Rd, Myalup (Freshwater Lakes Estate).
The block is located on the edge of a pristig lake within the Fresh Water Lakes Estate.
The estate is within a farming and fishing district situated between Mandurah and Bunbury, 1.5hrs from Perth.
Here is a map, and also a link to Google Maps so that you can zoom around to view the surrounding areas.
http://goo.gl/maps/O8hA
The estate is zoned short-stay, meaning that you are entitled to occupy any dwelling on the land for a maximum period of 3 consecutive months in a row.
You can build and use the property as a holiday home, or alternatively lease it out on a short-stay basis.
Within the estate there are a few homes complete and a few more under way.
.: Sales Evidence :.
I have recently sold one block in the estate, this was a smaller block and it sold for $80,000. This block sold in tess than 5 hrs of being announced. Prior to the block I sold, the last block was sold in May 2011 for $115,000 (1,003m2) and before that $110,000 in 2010 (1,010m2).
This block which I have for sale, No.50 is one of the larger blocks 1,268m2.
Currently on the market, in the estate there are a few blocks for sale. Blocks around the same size as No.50 are advertised for $115,000 - $127,000. The next best buy available would be No.37 @ $108,000 for 1,639m2. The price difference between No37 and No.50 makes No.50 a much better option.
No.50, 1,268m2 is available to purchase at $89,000. This represents amazing value in this estate. The seller's are genuine and have price the block to ensure a quick sale
.: Things to know :.
The land is strata-titled, with short stay zoning.
There is a notification document and a management statement for the esate. (Contact me to requiest a copy).
Houses must be built to comply with a fire-risk area (as with all country homes).
No.50 is the best value in the estate @ $89,000
.: Outgoings :.
Shire Rates: $798 PA
Strata Levy: $172.70/qtr
Water: $0, Free bore water is provided to the estate for garden water, plus residents use fresh-water rain tanks for drinking water.
Call Gethen Sullivan for details : 0411 800 606
Property History for 50/115 Rigg Rd, Myalup, WA 6220
- 29 Mar 2013Listed for Sale SO CHEAP: $89,000
- 08 Mar 2013Sold for $86,000
- 17 Sep 2012Listed for Sale SO CHEAP: $89,000
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0About Myalup 6220
The size of Myalup is approximately 184.6 square kilometres. It has 4 parks covering nearly 39.6% of total area. The population of Myalup in 2011 was 399 people. By 2016 the population was 371 showing a population decline of 7.0% in the area during that time. The predominant age group in Myalup is 50-59 years. Households in Myalup are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Myalup work in a managers occupation. In 2011, 53.5% of the homes in Myalup were owner-occupied compared with 64.6% in 2016.
Myalup has 471 properties. Over the last 5 years, Houses in Myalup have seen a 77.15% increase in median value, while Units have seen a 237.92% increase. As at 31 August 2024:
- The median value for Houses in Myalup is $532,542 while the median value for Units is $1,156,770.
- Houses have a median rent of $260.
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