11A Margate ParadeMargate QLD 4019
Property Details for 11a Margate Pde, Margate
11a Margate Pde, Margate is a 9 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1955. The property has a land size of 503m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 9 bedroom Unit sold in Margate in the last 12 months.
Last Listing description (December 2024)
This outstanding investment property at 11a Margate Parade, Margate, offers a rare opportunity with three fully self-contained units delivering excellent returns in a stunning coastal setting. Set on a generous 503m block along Margate Parade's waterfront street, this property is just steps from the scenic Margate Beach. Each unit is thoughtfully designed for independent living, making it perfect for investors seeking high rental yield or multi-generational families who value both privacy and coastal proximity. Enjoy the best of seaside living with incredible versatility and income potential.
Unit 1 Property Features:
3 bedroom, 1 bathroom, 1 car garage
Weekly rent: $460
Spacious open-plan lining and dining
Undercover front deck
Separate laundry
Build in wardrobes
Unit 2 Property Features:
3 bedroom, 1 bathroom, 1 car garage
Weekly rent: $400
Ocean views
Separate laundry
Front and rear stair access
Undercover front deck
Built-in wardrobes
Unit 3 Property Features:
3 bedrooms, 1 bathroom, 1 car garage
Weekly rent: $420
Ocean views
Front stair access
Undercover front deck
Built-in wardrobes
Additional features:
503m2 Block with dual side access
Waterfront Street (50m walk to the beach)
$1280 rental return per week = $66,560 per annum
All new plumbing was installed throughout the building
Separate meters for each flat to measure electricity consumption
Individual Spacious garages with enough room for storage
Solar
Waterviews
Renovation potential
Communal undercover entertaining space
Nestled in the heart of Margate along the stunning coastline this property offers effortless access to a wealth of local amenities, schools, and entertainment options. Just a short walk away, you'll discover a treasure trove of popular attractions, including the vibrant Redcliffe Sunday Markets, the serene Suttons Beach Park, The Komo, Sunnies Rooftop Bar, the relaxing Redcliffe Lagoon, The Belvedere, and an array of dining and shopping venues. This represents a rare opportunity to secure your own slice of paradise and a lifestyle that's unmatched!
Brisbane CBD 31km
Brisbane Airport 25km
Property History for 11a Margate Pde, Margate, QLD 4019
- 06 Nov 2024Sold for $1,300,000
- 04 Nov 2024Listed for Sale For sale
- 07 Dec 2020Sold for $975,000
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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 85.80% increase in median value, while Units have seen a 90.82% increase. As at 31 December 2024:
- The median value for Houses in Margate is $846,193 while the median value for Units is $743,066.
- Houses have a median rent of $580 while Units have a median rent of $510.
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