2 Formosa StreetMargaret River WA 6285
Property Details for 2 Formosa St, Margaret River
2 Formosa St, Margaret River is a 3 bedroom, 1 bathroom House and was built in 2021. The property has a land size of 292m2 and floor size of 145m2. While the property is not currently for sale or for rent, it was last sold in January 2020.
Last Listing description (August 2023)
This elevated corner block is a blank canvas to create your new humble abode, Margaret River holiday home or investment. Facing the beautiful treescape of towering karri trees there is no better way to wake up in the morning. This property is located on a private street just a short stroll to the town centre, with walking tracks to the river and the National Forest, you can be in the busy city life one minute and in tranquillity the next.
Zoned in the ?Short Stay Accommodation Zone' you have the choice of permanent living and holiday letting (subject to Shire approval). You could build a 2-storey town house and live on one level then rent out the other, and with the convenience of being a corner block, guests and tenants could have separate street frontage.
Opportunities to purchase property close to the main street are becoming rare and with only a few other lots available in this exclusive location, this block is a stand-out with its size and corner position.
Property History for 2 Formosa St, Margaret River, WA 6285
- 23 Aug 2023Listed for Sale Not Disclosed
- 08 Jan 2020Sold for $290,000
- 10 Jul 2019Listed for Sale $299,000
Recent sales nearby
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0About 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 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 6,032 properties. Over the last 5 years, Houses in Margaret River have seen a 107.57% increase in median value, while Units have seen a 110.98% increase. As at 31 January 2026:
- The median value for Houses in Margaret River is $1,054,242 while the median value for Units is $704,397.
- Houses have a median rent of $750.
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