72 Town View TerraceMargaret River WA 6285
Property Details for 72 Town View Tce, Margaret River
72 Town View Tce, Margaret River is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1930. The property has a land size of 1399m2 and floor size of 110m2.
Last Listing description (April 2016)
This centrally located property has a Town Centre Zoning which provides for a range of uses and development opportunities including residential, offices, consulting rooms, tourist accommodation, shop and medical centre plus many more.
Residential development for a mixed use, grouped dwelling or multiple dwelling development within this zone is permitted to a maximum density of R60. This density may facilitate up to 3, one bedroom and 10, two bedroom multiple dwellings or 9 grouped dwellings (subject to relevant approvals).
Ideally located at the southern end of Town View Terrace, the property has easy access to the main street shops, cafes, bars and restaurants and is within a short walk (less than 300 meters) to the Primary & High Schools and medical facilities.
Improvements comprise an old weatherboard and iron dwelling and out building that are currently used as office accommodation. These are in original condition and would need repair and maintenance if retained.
The property has been subdivided into 5 separate strata lots (each with a separate certificate of title) which are being offered for sale all together (in one line). This provides the new owner with the flexibility to retain the existing strata titles or amalgamate the lots and create a substantial redevelopment site.
Lot 1 - 40 sqm (vacant lot)
Lot 2 153 sqm (original dwelling)
Lot 3 94 sqm (out building and land)
Lot 4 133 sqm (vacant lot)
Lot 5 124 sqm (vacant lot)
Common property approx. 855 sqm (gardens, driveways and car parking)
The existing buildings can provide a holding income to the new owner as some of the current owners and tenants may be interested in leasing back the offices for a short period. This is a benefit you as the new owner as it will assist to cover the rates and taxes for the property until it is ready for development.
For further information please contact Margaret River Real Estate Agent Ray Stocker on 0418 932 746.
Property History for 72 Town View Tce, Margaret River, WA 6285
- 12 Jan 2016Listed for Sale $775,000
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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 6,050 properties. Over the last 5 years, Houses in Margaret River have seen a 111.73% increase in median value, while Units have seen a 118.90% increase. As at 30 June 2026:
- The median value for Houses in Margaret River is $1,173,270 while the median value for Units is $672,764.
- Houses have a median rent of $780 while Units have a median rent of $643.
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