OFF MARKET

11A Margate Parade
Margate QLD 4019

Bedrooms: 3
Bathrooms: 1
Car spaces: 9
Floor area: 68m2
Land area: 503m2
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Last updated 28 Oct 2024
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Property Details for 11a Margate Pde, Margate

11a Margate Pde, Margate is a 3 bedroom, 1 bathroom Unit with 9 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 December 2020.

Building Type
Unit
Year Built
1955
Floor Size
68m2
Land Size
503m2
Local Government
Moreton Bay
Lot/Plan
2/RP72868

Last Listing description (February 2021)

Phone Enquiry Property ID: 5375

OFFERS ABOVE 999,995. 11A MARGATE PDE, MARGATE. Rarely available on the sought after Redcliffe Peninsula in the Breezy Suburb of Margate,and only 50 metres from the Beachfront. 2 of the units have already been renovated and the 3rd is original condition, with a long term tenant. This property is in a fabulous location with-in an easy stroll to the wonderful restaurants and shops Margate has to offer. It's a rare opportunity to secure an investment so close to Margate Beach. It also has Development Potential with council zoning to a 12m height. PLEASE TEXT / SMS 0480281558 for all inquiries and we'll get back to you ASAP to arrange an inspection.

Property History for 11a Margate Pde, Margate, QLD 4019

A timeline of how this property has performed in the market
Last Sold
$975,000
07 Dec 2020
Listed for Rent
$220/w
19 Mar 2011
  • 07 Dec 2020
    Sold for $975,000
  • 05 Jun 2020
    Listed for Sale Under Contract
  • 08 Apr 2019
    Listed for Sale Not Disclosed
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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 4,136 properties. Over the last 5 years, Houses in Margate have seen a 77.43% increase in median value, while Units have seen a 83.46% increase. As at 30 September 2024:

  • The median value for Houses in Margate is $813,068 while the median value for Units is $708,289.
  • Houses have a median rent of $580 while Units have a median rent of $480.
There are currently 37 properties listed for sale, and 27 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Margate.

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