SOLD
Sold on 16 Apr 2024 for $800,000

16 Rosemary Street
Margate QLD 4019

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 192m2
Land area: 688m2
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Property Details for 16 Rosemary St, Margate

16 Rosemary St, Margate is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1995. The property has a land size of 688m2 and floor size of 192m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 4 bedroom House sold in Margate in the last 12 months.

Building Type
House
Year Built
1995
Floor Size
192m2
Land Size
688m2
Local Government
Moreton Bay
Lot/Plan
34/RP131556

Last Listing description (September 2008)

INVESTMENT IDEAL LONG TERM TENANT
THIS GREAT SOLID HOME IS PERFECT FOR THE WHOLE FAMILY. UPSTAIRS CONSISTS OF THREE GOOD SIZED BEDROOMS, OPEN PLAN LOUNGE AND DINING WITH A BALCONY OFF THE LOUNGE ROOM, KITCHEN AND FAMILY BATHROOM. UPSTAIRS HAS TIMBER FLOORS THROUGHOUT. DOWNSTAIRS HAS A TILED RUMPUS AREA AND ANOTHER ROOM WHICH CAN BE USED AS A BEDROOM OR OFFICE. GOOD SIZE LAUNDRY, SHOWER AND TOILET AND DOUBLE LOCK UP GARAGE. SET ON A 688SQM ALLOTMENT. ENJOY THE GOOD SIZED BACKYARD WHICH HAS A GARDEN SHED AND A GREAT UNDERCOVER AREA FOR BBQ'S AND ENTERTAINING. FOR THE ASTUTE INVESTOR THIS IS THE PERFECT INVESTMENT PROPERTY AS THERE IS GREAT TENANTS IN PLACE THAT WOULD LIKE TO STAY ON. CURRENTLY RENTING FOR $395 PER WEEK. THEY WILL SIGN A LONG LEASE AND WANT TO STAY INDEFINITE WITH AN INCREASE YEARLY. LOOK NO FURTHER. ENQUIRIES TO EXCLUSIVE AGENT MADDIE 0414 738 814

Property History for 16 Rosemary St, Margate, QLD 4019

A timeline of how this property has performed in the market
Last Sold
$800,000
16 Apr 2024
Listed for Rent
$420/w
18 Jan 2015
  • 16 Apr 2024
    Sold for $800,000
  • 16 Dec 2014
    Listed for Rent $420 / week
  • 13 Sep 2014
    Listed for Rent $420 / week
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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 4,148 properties. Over the last 5 years, Houses in Margate have seen a 82.13% increase in median value, while Units have seen a 76.71% increase. As at 31 August 2024:

  • The median value for Houses in Margate is $803,577 while the median value for Units is $687,856.
  • Houses have a median rent of $580 while Units have a median rent of $475.
There are currently 48 properties listed for sale, and 32 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 191 properties were sold in the past 12 months in Margate.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.