20 Elder WayMargaret River WA 6285
Property Details for 20 Elder Way, Margaret River
20 Elder Way, Margaret River is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1997. The property has a land size of 629m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in January 2015.
Last Listing description (April 2015)
This neat and tidy 4 x 2 home is one for the investors portfolio or the ideal starter home for those wanting to get out of renting and buy their first home. In a quiet street only a few minutes walk from Margaret Rivers schools and shops, the location is perfect as all the conveniences of town are almost on your doorstep.
Living areas consist of two lounge areas and an outdoor area on the west side. A large neat back yard provides a blank canvas for landscaping and provides ample space to extend the outdoor entertaining or even extend the home. Low maintenance fixtures and fittings and gardens with side access provide ease for tenants and the landlord. A slow combustion oven in the living area will keep the home cosy during the winter months and a north facing solar hot water system conveniently provides free hot water for most of the year. With a bit of sprucing up, this property could easily be transformed into a rent and forget investment.
Whatever the future of this property holds for the astute purchaser, they will be able to reap immediate rental income as the home is currently tenanted until 22 April 2015 for $400.00 per week.
Property History for 20 Elder Way, Margaret River, WA 6285
- 30 Jan 2015Sold for $380,000
- 16 Jan 2015Listed for Sale $389,000
- 29 Mar 2014Listed for Rent $360 / week
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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 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 6,050 properties. Over the last 5 years, Houses in Margaret River have seen a 117.58% increase in median value, while Units have seen a 121.92% increase. As at 30 April 2026:
- The median value for Houses in Margaret River is $1,163,083 while the median value for Units is $688,203.
- Houses have a median rent of $760 while Units have a median rent of $650.
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