OFF MARKET

3/85 Margate Parade
Margate QLD 4019

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 111m2
Improve this data
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 4 Nov 2024
Low
High
Share
Save

Property Details for 3/85 Margate Pde, Margate

3/85 Margate Pde, Margate is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 111m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
Unit
Year Built
1975
Floor Size
86m2
Land Size
111m2
Local Government
Moreton Bay
Lot/Plan
3/BUP3617

Last Listing description (February 2023)

Primely positioned on the complete Margate waterfront, enjoy multi-million dollar views without the price tag! Fall asleep at night to the sound of gentle lapping waves and wake up to stunning sunrises over the ocean.

From the outset, this property presents an array of options for the astute buyer and is ideal for those looking to make the sea-change and/or downsize. Since purchase, the current owners have updated the flooring in the kitchen and enclosed patio as well as installed new carpets. The unit is move-ready as is however there remains scope to modernise and personalise. Those seeking an investment will love the opportunity to own a highly in-demand unit, with the ability to achieve a healthy rental return.

The property incorporates a long list of features and is ideally positioned on the lower level of the complex. The open living plan allows ample natural sunlight and salty sea breezes to effortlessly flow through the entire unit. Enjoy the view all-year round, no matter the weather, from your private, screened sunroom.

The property features 2 sizable bedrooms with built-in wardrobes (the master featuring water views), ideal open living area and a well-appointed kitchen with oven, cooktop, oversized fridge cavity and plenty of storage & bench space. The bathroom incorporates both bathtub and shower, with laundry nook and separate toilet. Additionally, the unit includes a lock-up garage with shelving.

The complex is quiet and friendly, within walking distance to a long list of cafes, shops, schools, transport options and amenities.

Margate has a fantastic sense of community and is highly sought-after for those looking to make a sea change. Well-known for its parks and walking tracks, stroll along the waterfront and take in all that this destination suburb has to offer. You will have a plethora of options when it comes to dining out including Sunny's at the Sebel and award-winning Dolphins seafood. A short drive to discover all that the peninsula has to offer and quick highway access via the Houghton Highway Bridge.

Admin Fund: $1430 per annum
Sinking Fund: $970 per annum
Rates: Approx $480 per quarter
Water: Approx. $300 per quarter
Rental Appraisal: $450 - $480 per week

Contact Annabel Brooks on 0403 550 883.

Show More

Property History for 3/85 Margate Pde, Margate, QLD 4019

A timeline of how this property has performed in the market
Last Sold
$502,000
17 Jan 2023
Listed for Rent
$320/w
04 Sep 2019
  • 17 Jan 2023
    Sold for $502,000
  • 24 Nov 2022
    Listed for Sale Under Contract
  • 24 May 2022
    Listed for Sale Offers Over $529,000
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 4,135 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.
There are currently 34 properties listed for sale, and 26 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 194 properties were sold in the past 12 months in Margate.

Margate Profile Page

Suburb Insights for Margate 4019

Visit Margate profile page
Market Insights
Margate Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Margate Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Margate profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED