OFF MARKET

31 Mabel Street
Margate QLD 4019

Bedrooms: 7
Bathrooms: 4
Car spaces: 2
Floor area: 357m2
Land area: 910m2
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Property Details for 31 Mabel St, Margate

31 Mabel St, Margate is a 7 bedroom, 4 bathroom Unit with 2 parking spaces. The property has a land size of 910m2 and floor size of 357m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Floor Size
357m2
Land Size
910m2
Local Government
Moreton Bay
Lot/Plan
35/RP30301

Last Listing description (February 2023)

Four units, two lots, East of Oxley!

Directly opposite Langdon Park and an easy three minute stroll from the stunning foreshore of Margate Beach, this exceptional four-unit opportunity can potentially bring an ROI of around $70,000 per year. Set on two lots totalling 910sqm, this is the pinnacle of lifestyle and convenience, just 500m from award-winning restaurants and cafes, a stone throw from Humpybong State school as well as the popular Margate Village Shopping Centre.

Constructed with adherence to the 'Queenslander' format of Australian architecture, the home promotes a full-width front-facing verandah to offer protection from the elements and to encourage indoor/outdoor living. A long concrete driveway accesses the rear of the property from the side, while out front, easy-maintenance landscaping is accentuated by lavish palms.

Each of the four units vary in layout, however all offer a marketable suite of features, including high ceilings, fluorescent/LED lighting, laminate flooring, low maintenance carpet and durable joinery. Large windows invite natural light and ventilation, and are furnished with soft curtains for privacy.

Dining spaces integrate with kitchen designs to bolster a communal vibe, and each unit offers a variance of finish with notable inclusions being ample laminate cabinetry, speckled stone and marble-look counter tops, stainless steel spindle and mixer tap ware and freestanding cooking appliances.

Outdoors, the open spaces are shared and tidy, with neat, easy care gardens serving as subtle divisions between each property. Kids will enjoy playing on the grass, and will love the fact that there is a park across the road to kick the footy around.

Bedrooms are well-sized, with a handful adding built-in robe storage and ceiling fans. There are seven bedrooms in total across the four units.

Bathrooms are presented in their original finish and offer standard finishes including generous vanity units, spindle tap ware and rain shower heads.

When looking to invest, it's important to find property that is close to schools, shops, public transport, parks, dining, cafes and medical. This set of four units ticks every one of those boxes. Just 100m or so from Humpybong State School, a short walk to the beach and in incredible proximity to the thriving hub of down-town Margate, this is truly a gem investment.

Property History for 31 Mabel St, Margate, QLD 4019

A timeline of how this property has performed in the market
Last Sold
$1,200,000
07 Dec 2022
Listed for Rent
$150/w
05 Oct 2011
  • 07 Dec 2022
    Sold for $1,200,000
  • 17 Nov 2022
    Listed for Sale $1,200,000+
  • 02 Dec 2019
    Listed for Rent $220 / 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 4,135 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.

Suburb Insights for Margate 4019

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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.