118 Victoria AvenueMargate QLD 4019
Property Details for 118 Victoria Ave, Margate
118 Victoria Ave, Margate is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 809m2 and floor size of 134m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 5 bedroom House sold in Margate in the last 12 months.
Last Listing description (November 2024)
118 Victoria Avenue, Margate presents a huge 809m2 block packed full of potential with the opportunity to add value or develop it into 2 lots. This expansive 5-bedroom, 2-bathroom residence is Ideally located in a sought-after neighbourhood of Margate. With the house strategically positioned on the right-hand side of the block, this layout offers the flexibility to build a second dwelling on the left side, all while maintaining the option to live in or rent out the main residence.
This expansive family home is brimming with features and potential, perfect for a keen renovator. Boasting solid foundations, it's completely liveable or rentable while offering ample opportunity to add value over time. With 5 spacious bedrooms, multiple bathrooms, a fully functional kitchen, and an open living area, there's plenty of space to accommodate guests or extended family. The covered outdoor deck at the rear serves as an ideal entertainment area, providing a serene overlook of the sprawling backyard.
This property has been prepared for development and the current owners have installed the sewer power and water utilities ready for a second dwelling.
Development potential/Information: (Subject to council approval)
809m2 splitter block
Split into 2x 405m2 blocks
2x new builds
Suburban Neighbourhood zoning
Dwelling house
20.1m frontage
Residential care facility
Retirement facility
Rooming accommodation
Land bank and live or rent
Not in a flood zone
Property features:
Large 5-bedroom 2-bathroom high-set home
Second set of utilities installed at the property
Large rear deck and a second deck at the front
Tiled flooring downstairs and timber upstairs
Separate laundry
fans throughout
Storage garden shed in the backyard
Side access
118 Victoria Avenue, Margate, boasts an ideal location that perfectly balances suburban tranquillity with easy access to essential amenities. Just 2.6 km from Margate Beach, you can enjoy the sun and sea whenever you like. Families will appreciate the proximity to top schools, with Humpy Bong State School only 1.4 km away and Redcliffe State High School just 1.3 km from home. Healthcare is within easy reach, as Redcliffe Hospital is a mere 800 meters away. For your shopping needs, Peninsula Fair Shopping Centre is conveniently located just 1.0 km away. Additionally, the Brisbane CBD is a manageable 35-minute drive, making commuting straightforward, while Brisbane Airport is only 20 minutes away, providing quick access for travel. This prime location offers convenience and accessibility, making it an ideal choice for both families and developers.
Property History for 118 Victoria Ave, Margate, QLD 4019
- 12 Sep 2024Sold for $1,040,000
- 22 Aug 2024Listed for Sale Contact Agent
- 18 Mar 2020Listed for Sale Submit all offers
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0About 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 4,134 properties. Over the last 5 years, Houses in Margate have seen a 82.40% increase in median value, while Units have seen a 84.79% increase. As at 31 October 2024:
- The median value for Houses in Margate is $835,783 while the median value for Units is $720,481.
- Houses have a median rent of $580 while Units have a median rent of $490.
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