15 Formosa StreetMargaret River WA 6285
Property Details for 15 Formosa St, Margaret River
15 Formosa St, Margaret River is a 3 bedroom, 2 bathroom House and was built in 2021. The property has a land size of 259m2 and floor size of 184m2. While the property is not currently for sale or for rent, it was last sold in October 2019.
Last Listing description (December 2019)
This IS the best block available in this very exclusive enclave. Surrounded by amazing towering Karri trees and a North facing outlook, this block will not last long!! Positioned adjacent to the beautiful Margaret River forest, this easy care 259m2 vacant lot which has dual zoning allowing the owner many options to either live here full time, lock up and leave or rent it out to the short stay market? The current owners have approved plans in place so no waiting periods... you can build straight away. With only a 3 minute stroll from the heart of town, there are an abundance of cafes, galleries and boutique shops at your fingertips. The river and a multitude of walk-trails are literally right on your doorstep, and provide a picturesque slice of nature to enjoy every day. These are all the things good about living in the Margaret River Wine Region.
Property History for 15 Formosa St, Margaret River, WA 6285
- 05 Oct 2019Sold for $295,000
- 09 Apr 2019Listed for Sale $315,000
- 02 Dec 2016Listed for Sale PRICE RANGE $150,000 -
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About Margaret River 6285
The size of Margaret River is approximately 61.3 square kilometres. There are 32 parks, covering nearly 21.9% of the total area. The population of Margaret River in 2016 was 7654 people. By 2021 the population was 8918 showing a population growth of 16.5% in the area during that time. The predominant age group in Margaret River is 40-49 years. Households in Margaret River are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Margaret River work in a professional occupation.In 2021, 70.10% of the homes in Margaret River were owner-occupied compared with 65.60% in 2016.
Margaret River has 6,059 properties. Over the last 5 years, Houses in Margaret River have seen a 102.45% increase in median value, while Units have seen a 89.29% increase. As at 31 July 2026:
- The median value for Houses in Margaret River is $1,152,786 while the median value for Units is $596,638.
- Houses have a median rent of $780 while Units have a median rent of $650.
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