FOR SALE
Offers Over $695,000

10 Riverdowns Drive
Margate TAS 7054

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 108m2
Land area: 768m2
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LONG TERM TENANTS AND A SECURE LEASE FOR INVESTORS

Welcome to 10 Riverdowns Drive, Margate – a wonderful home with lots of potential, perfect for investors! This cosy property is located in a quiet, beautiful neighbourhood and is currently occupied by long-term tenants, making it an excellent investment opportunity.
Inside, you’ll find a spacious open-concept living area that’s perfect for entertaining or relaxing with family. The kitchen is equipped with high-end appliances and plenty of storage and counter space, ideal for those who love to cook. The living and dining areas flow seamlessly, making the space feel even bigger.
The bedrooms are comfortable and inviting, all have built in robes and easy access to the main bathroom. Outside, the level garden and patio area offer a peaceful spot to enjoy the outdoors, whether you’re having a BBQ or just sipping your morning coffee.
The property includes a single garage and additional off-street parking, providing convenience for you and your guests. Situated in the heart of Margate, the property is close to top-rated schools, the new shopping complex, parks, golf course and boating facilities, offering the best of both worlds – a quiet residential setting with easy access to amenities.
The lounge captures the morning sun and the heat pump keeps things toasty warm for those cooler evenings. This home is more than just a place to live; it’s a great investment opportunity with reliable tenants providing steady rental income.
Don’t miss out on this fantastic property. Keep an eye out for our upcoming open home days and times for your inspection.
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

Property Details for 10 Riverdowns Dr, Margate

10 Riverdowns Dr, Margate is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 768m2 and floor size of 108m2. The place is currently for sale with LJ Hooker Pinnacle Property.

Building Type
House
Floor Size
108m2
Land Size
768m2

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About Margate 7054

The size of Margate is approximately 41.9 square kilometres. It has 9 parks covering nearly 5.7% of total area. The population of Margate in 2011 was 3,624 people. By 2016 the population was 3,945 showing a population growth of 8.9% in the area during that time. The predominant age group in Margate is 0-9 years. Households in Margate are primarily couples with children 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, 83.3% of the homes in Margate were owner-occupied compared with 81.6% in 2016.

Margate has 1,812 properties. Over the last 5 years, Houses in Margate have seen a 41.26% increase in median value, while Units have seen a 44.31% increase. As at 30 November 2024:

  • The median value for Houses in Margate is $793,363 while the median value for Units is $535,063.
  • Houses have a median rent of $560 while Units have a median rent of $468.
There are currently 17 properties listed for sale, and 2 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Margate.

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Michael Kingston
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Nereda Ball
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LJ Hooker Pinnacle Property
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