24 Le Souef StreetMargaret River WA 6285
Property Details for 24 Le Souef St, Margaret River
24 Le Souef St, Margaret River is a 5 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 1339m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (June 2024)
That's right, this unique property comes complete with two character homes on the one 1,339m2 Green Title lot and is situated just two streets back from the centre of town!
Currently, the 2 homes are rented out long-term but due to the location inside the short stay zone, there is no doubt the 2 homes would realize a far greater income on the Holiday House/Airbnb market!
For those who might be looking to develop the property to its full potential further down the track the R30/40 zoning should yield 4 units at R30 or 5 units at R40. Please note town drainage is yet to be installed in this street (a requirement for further development) but you can make your own inquiries as to an estimated timeframe for drainage to be installed.
Get in touch today for further information.
? Two-character homes in a prime location
? 1,339m2 land area
? Located in the short stay zone
? Future development potential
? 300m to the main street
Property History for 24 Le Souef St, Margaret River, WA 6285
- 05 Jun 2023Sold for $825,000
- 29 Nov 2021Listed for Sale $890,000
- 02 Jul 2019Listed for Rent $260 / week
Recent sales nearby
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0About 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 6,042 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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