28 Formosa Street, Margaret River WA 6285

28 Formosa Street, Margaret River WA 6285
Formosa Street location | detached-house market | family-buyer demand | block-size potential | rental interest A house on Formosa Street is positioned in the established residential heart of Margaret River, where detached housing on moderate to generous blocks is the norm. The street’s mix of family homes and lifestyle holdings provides broad appeal, and the consistency of detached stock makes this a stable, owner-occupied pocket. Buyers are typically local families or regional movers wanting town access without metro density. The specific configuration determines whether the property serves as a first family home or a lifestyle upgrade, but the address alone anchors it firmly in a desirable, low-supply market. The value may hinge on the balance between land size and dwelling condition. A larger block with an older house might appeal to renovators, while a fully updated home on a smaller lot may suit lock-and-leave buyers. Presentation and layout will likely drive competition, and any constraints such as easements or slope might narrow the buyer pool. These factors could shift the final price noticeably, so a close inspection of the building and survey is essential.
Detailed Independent Property Report prepared  by PropCred Analyst team for 28 Formosa Street, Margaret River WA 6285
Checks found:
Value Risk
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk ! 1
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Market Insight

Margaret River WA 6285 is a lifestyle and tourism-driven market where professionals and trades predominate, with holiday-home and investor buyers adding weight to owner-occupier demand. House prices have climbed sharply: medians range from $862,500 (REIWA) to $981,500 (property.com.au), with annual growth between 19% and 26.4%; units trail at $662,500, up a modest 5.2%. Houses typically clear in 24 days, though five-bedroom stock lingers at 209 days. Tourism and short-stay accommodation underpin rental demand, with house rents of $750–$800 weekly and units around $650–$680. Infrastructure upgrades and residential developments support future growth, but affordability constraints and seasonal rental volatility remain key risks.
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PropCred Estimated Value

Comparable Sales: 17 Mann Street sold $375,000 (2019) | Property Price Band: $1.0M-$1.1M | Value Drivers: condition, land size, layout

Bedrooms

2

Bathroom

2

Parking

2

Land

200m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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