2/75 Margate ParadeMargate QLD 4019
Property Details for 2/75 Margate Pde, Margate
2/75 Margate Pde, Margate is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 103m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Margate in the last 12 months.
Last Listing description (August 2024)
This brilliant 2-bedroom apartment, situated along the sought-after Margate beach, presents an excellent opportunity for investors aiming for high returns and capital growth, as well as for owner-occupiers desiring resort style living. Located on the waterfront of the fast-growing Redcliffe Peninsula, this apartment has endless views out to Moreton Bay and beyond and is within walking distance to Redcliffe Restaurants, markets and entertainment.
Enjoy the functional 103sqm floor plan, complete with an enclosed patio area, creating the perfect space to relax and unwind. Offering you the perfect opportunity for work and leisure this is the prime location to invest or live in.
Body Corp: Approx. $3,400 pa
Property features:
- Two spacious bedrooms with BIR's, master with views of Moreton Bay and beyond
- Large main bathroom including separate shower / bath and laundry
- One secure car space
- Open plan living, ceiling fans throughout
- Enclosed balcony
- Modern and spacious kitchen featuring an electric cooktop
- Lovely small block (Only 6 apartments)
- Single Remote lockup garage
Rental potential of approx $520-$550 per week.
This property is all about location!
Margate is a coastal suburb on the Redcliffe Peninsula, and, along with neighboring coastal suburbs on the Redcliffe Peninsula, is a popular recreational destination for the Southeast Queensland. Margate was part of the City of Redcliffe until 2008, when it was amalgamated into the Moreton Bay Region, now known as the City of Moreton Bay. In the 2021 census, Margate had a population of 7,575 people.
Contact Teri from Jan Jones on 0432 450 041 for a private inspection.
Disclaimer: This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty of representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property Code: 2189
Property History for 2/75 Margate Pde, Margate, QLD 4019
- 24 Jun 2024Sold for $740,000
- 12 Jun 2024Listed for Sale Offers Over $749,000
- 16 Oct 2017Sold for $430,000
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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 4,149 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.
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