31/2 Willmott AvenueMargaret River WA 6285
Property Details for 31/2 Willmott Ave, Margaret River
31/2 Willmott Ave, Margaret River is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2001. The property has a land size of 29m2.
Last Listing description (October 2020)
Phone enquiries - please quote property ID 17914
An opportunity exists to purchase one of the Margaret River Holiday Suites. Situated in the centre of town next to the Margaret River Hotel on an under developed block, this quality unit is a good long term investment with growth potential.
Currently the units in this complex are undergoing a $450,000 maintenance upgrade which is scheduled for completion in March at which time The Margaret River Hotel has offered to Lease and Manage any unit interested in taking up their offer.
Financials for the last 7 years show an average return of $14000 P/A from the Margaret River Hotel Management. That figure is expected to increase once upgrades are completed and the New Airport Runway in Bussleton is operational.
Outgoings: Rates - 1650 Water - 1080 Strata Fees - 1240 Total = $3970 P/A
Centrally located in the heart of the vibrant township of Margaret River and just a short Stroll from a vast array of restaurants, cafes, bars, galleries and gift shops, the Margaret River Holiday Suites offer the perfect place to stay while you fall in love with this world class wine growing region.
Close by are a multitude of tourist delights including the Jewel Lake and Mammoth Caves, spectacular coastline with pristine beaches and world class surf breaks, Karri Forests and magnificent scenery.
To inspect unit Contact us.
DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.
Property History for 31/2 Willmott Ave, Margaret River, WA 6285
- 07 Apr 2017Listed for Sale Offers over $135,000
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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 6,041 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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