Prime Location | 888sqm | R40 Zoning | Short Stay Zone | Future Potential

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167 Bussell Highway, Margaret River WA 6285

Offers Above $995,000

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$995k - $1.04M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 888 m²

Listed: 2 days ago

Overview

Positioned at the heart of Margaret River, this property presents a compelling blend of immediate lifestyle appeal and long-term investment potential. Nestled on a generous 888sqm lot, the site benefits from the versatile R40 zoning which offers prospects for future subdivision, enabling owners to consider development options, subject to relevant approvals and servicing requirements.

Its location is a standout feature, situated directly opposite Margaret River High School and close to local attractions such as the organic garden, farmers market, and the vibrant town centre, placing convenience at the doorstep.

The existing residence retains character charm as a three-bedroom, single-bathroom cottage featuring timber floors throughout. While modest, this home provides a comfortable living space and lends itself well to short-stay accommodation or as a rental asset, generating income while owners explore enhancing the property and connecting to the sewerage system.

This property is particularly suited to buyers seeking a strategic foothold in a prime township setting. It offers the flexibility to enjoy the location now via the existing dwelling, while also landbanking for future growth opportunities. The combination of location, parcel size, and zoning make it a rare offering for those eyeing Margaret River’s residential market.

Prime town-centre location opposite the high school
Generous 888sqm land size with R40 zoning allowing development potential
Charming character cottage with timber floors and 3 bedrooms
Opportunity for short-stay accommodation or long-term rental income
Close proximity to markets, gardens and all town amenities

Overall, this property caters to investors, developers, or land bankers looking to capitalize on Margaret River’s growth prospects while retaining a functional home in a highly convenient location.

Local Market Insights

In Margaret River, Quiet Listings observed 24 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $1,443,625. The property type mix of listed properties is predominantly Houses at 73%, followed by land (12%), and apartments (9%). The most active agency for houses in the Margaret River area is currently Ray White, representing 63% of new listings, followed by The Agency with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.