FOR SALE
For Sale

33 Cowen Street
Margate QLD 4019

Bedrooms: 7
Bathrooms: 3
Car spaces: 1
Land area: 405m2
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A Rare Opportunity in Margate: Prime Investment Potential

Positioned in the thriving coastal suburb of Margate, a mere 400 meters from the sparkling shores of Margate Beach, 33 Cowen Street offers an exceptional opportunity for investors and developers alike. Boasting Next Generation Neighbourhood zoning, this versatile property is set to benefit from the region's growth and appeal, making it a strategic asset for those seeking immediate rental returns and long-term development potential. With its proximity to Suttons Beach, Redcliffe's vibrant recreational precinct, and an array of local amenities, this is an unmissable investment.
This unique property comprises three self-contained units, each designed for modern living and refreshed to a high standard. With a combined layout of three units, 1 x four-bedroom, 1 x two-bedroom, and 1 x one-bedroom units, the property offers the flexibility to accommodate various tenant profiles. Each unit has been carefully upgraded with contemporary finishes, ensuring strong rental demand while providing an enticing holding income for future redevelopment plans.
Features:
Unit 1
- Four-Bedroom top floor unit
- Modern bathroom and updated kitchen
- Polished timber floors throughout
- Ceiling fans and front balcony capturing ocean breezes
- Freshly painted with crisp white tones
- Large living room, sun room and free flowing layout
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Property Details for 33 Cowen St, Margate

33 Cowen St, Margate is a 7 bedroom, 3 bathroom BlockOfUnits with 1 parking spaces. The property has a land size of 405m2. The place is currently for sale with Ray White Redcliffe.

Building Type
BlockOfUnits
Land Size
405m2

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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 4,139 properties. Over the last 5 years, Houses in Margate have seen a 85.74% increase in median value, while Units have seen a 97.06% increase. As at 30 November 2024:

  • The median value for Houses in Margate is $847,891 while the median value for Units is $724,021.
  • Houses have a median rent of $575 while Units have a median rent of $495.
There are currently 35 properties listed for sale, and 21 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 200 properties were sold in the past 12 months in Margate.

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Ben Campbell
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Ray White Redcliffe
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