FOR SALE
For Sale

7 & 9 Duffield Road
Margate QLD 4019

Bedrooms: 5
Bathrooms: 2
Car spaces: 3
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Rare and Amazing Development and Investment Opportunity

Act Now to secure the future!
This wonderful property consists of two lots on two titles, 1,371m2 combined (865m2 and 506m2) with frontage of approximately 34m wide.
The land is almost flat with a slight slop towards the water and does not have large trees.
Each lot has a house that is currently rented with combined rent of $940 per week ($400 and $540 per week).
Both houses are in good condition, considering the age and are rentable with potential increase of the rent to $1,100 - $1,150 per week combined in the nearest future.
Situated just few metres from the beautiful Margate Beach with breathtaking views and fresh sea breezes, it is very close to the schools, shops and transport and represent a great opportunity to invest or develop in the growing Queensland market.
With the main shopping centre around the corner and proximity to all amenities, this location is hard to find and easy to benefit from.
It is zoned as Centre and the precinct is District Centre. It offers endless opportunities for the future use and value increase.
It must be sold, so make your offer before the end of this month.
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
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Property Details for 7 & 9 Duffield Rd, Margate

7 & 9 Duffield Rd, Margate is a 5 bedroom, 2 bathroom House with 3 parking spaces. The place is currently for sale with Coronis Moreton Bay & Peninsula.

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House

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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 4,145 properties. Over the last 5 years, Houses in Margate have seen a 81.48% increase in median value, while Units have seen a 72.95% increase. As at 31 July 2024:

  • The median value for Houses in Margate is $806,333 while the median value for Units is $674,679.
  • Houses have a median rent of $580 while Units have a median rent of $475.
There are currently 44 properties listed for sale, and 30 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 208 properties were sold in the past 12 months in Margate.

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Alex Telegin
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Coronis Moreton Bay & Peninsula
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