SOLD
Sold on 02 Sep 2024 for $650,000

11A Mabel Street
Margate QLD 4019

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 470m2
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Property Details for 11a Mabel St, Margate

Building Type
Land
Land Size
470m2
Local Government
Moreton Bay
Lot/Plan
2/SP342898

Last Listing description (October 2024)

We have just completed a new Muti-Generational design for this block that is ready to go to tender with your preferred builder. Imagine a 5 bedroom, home with 2 bedrooms, bathroom with powder room, casual living downstairs with wet bar, in addition to the 3 bedroom, 2 bathroom family home upstairs with full kitchen and rear deck. Live large over both levels or share with friends, family or Air BnB downstairs unit. Design drawings, floor plan and site plan available on application.

Build your dream home in harmony with the coastal landscape and take advantage of this opportunity to secure the Coastal lifestyle, Sea views and Bay breezes on this 474sqm allotment.

Blessed with the Next Generation zoning, offering opportunities for both developers and homeowners. Build our plan or your own architecturally designed home worthy of this amazing location which could achieve water views from the 2nd and 3rd levels (STCA).

This locale supports Medium Density living (STCA) and the current owner has a certified plan for 2 townhome style dwellings here - 1x 3 bed, 2.5 bath with single garage and 1 x 4 bed, 2.5 bath with a double garage. Building Approval to be submitted. This presents opportunity to build and sell both, live in 1 and sell 1, or keep 1 or both for investment income. Basic renders attached and copyrighted. Further plans available upon enquiry.

You can't go wrong in this ever-popular location only 150mt to Margate Beach, with school, parks, shops, and bus, all in walking distance. It's only a 5 min drive North to the Redcliffe lagoon and jetty, with restaurants, bars, shops and weekend markets. Walk to Sunny's at the Sebel Margate for beachside breakfast or rooftop toasts! To the south, Woody Point peninsula offers fabulous parks, fishing, cafe lifestyle and the newly refurbished Belvedere Hotel.

This exclusive boutique block, located at the end of your own private driveway, behind a stunning remastered home provides both privacy and tranquility. The land parcel is free hold with no easements or encroachments and has established vegetation providing rear and side foliage screens.

The rear lot is 470sqm and 15.09mt wide allowing for a variety of house designs with either cut and fill slab on ground or split level to follow land contour and achieve maximum height allowance to take in the Eastern sea vistas and views to North and West.
The block has a gentle fall to street with Water, Sewer, Stormwater, underground Power and NBN conduits already extended to the top of the new concrete driveway ready for your new home.

The choice is yours, build your home or an investment property. The options are many, so this block is sure to get plenty of interest. Act now if you'd like to know more about this rare and exciting opportunity. Call or message today!

Summary:
- 470sqm vacant allotment
- Next Generation Zoning
- 150mt to Margate Beach
- Walk to school, shops, parks and bus
- Suit luxury home or townhomes (STCA)
- All services provided and ready for connection
- Fenced with established foliage screen at rear and sides
- Subdivision has been Plan Sealed with titles available soon
- Street frontage turfed, landscaped, new driveway and bin pads

With SEQ rising as the preferred place to live and values rocketing up take action to secure your land today for tomorrow's dream lifestyle!

Property History for 11a Mabel St, Margate, QLD 4019

A timeline of how this property has performed in the market
Last Sold
$650,000
02 Sep 2024
  • 24 Sep 2024
    Listed for Sale $650,000 ONO
  • 02 Sep 2024
    Sold for $650,000
  • 22 Jun 2024
    Listed for Sale Undisclosed

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About Margate 4019

The size of Margate is approximately 2.6 square kilometres. It has 12 parks covering nearly 6.8% of total area. The population of Margate in 2011 was 7,007 people. By 2016 the population was 7,390 showing a population growth of 5.5% in the area during that time. The predominant age group in Margate is 40-49 years. Households in Margate are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margate work in a professional occupation. In 2011, 51.2% of the homes in Margate were owner-occupied compared with 53.2% in 2016.

Margate has 4,136 properties. Over the last 5 years, Houses in Margate have seen a 77.43% increase in median value, while Units have seen a 83.46% increase. As at 30 September 2024:

  • The median value for Houses in Margate is $813,068 while the median value for Units is $708,289.
  • Houses have a median rent of $580 while Units have a median rent of $480.
There are currently 37 properties listed for sale, and 27 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Margate.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.