31 Sorrento StreetMargate QLD 4019
Property Details for 31 Sorrento St, Margate
31 Sorrento St, Margate is a 5 bedroom, 2 bathroom House with 5 parking spaces and was built in 1980. The property has a land size of 810m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (September 2022)
Loren was great throughout the process, even as the buyers she was able to point me in the right direction and facilitate the property management etc Thanks
- Buyer of 31 Sorrento
Located in a well sought after area in Margate and on the high end of the street, this beautiful home is situated on a 810m2 block on two lots and is the development opportunity that youve been waiting for. With next generation zoning for this position allowing a 3 storey dwelling or development to be built, thats 12 metres high! This home is full of potential; you can design your dream family home and take advantage of the stunning ocean views, develop the land further with its two lots or it can be the perfect investment opportunity for the savvy investor.
This property is perfectly liveable as is and is currently tenanted, with a rental return of $610 per week.
Just a short drive to the Margate foreshore, Margate Village, local cafes & restaurants, plus much more. Enjoy peaceful morning strolls along the boardwalk at Margate, Suttons Beach, kid-friendly parks and playgrounds.
The property is just a few short minutes from the Redcliffe CBD and the accompanying amenities, while Margate itself is less than a 30 minute drive to Brisbane City and 23 minutes to Brisbane Airport. Centrally positioned, commuters will appreciate the close proximity to buses, trains, the Gateway Motorway, Bruce Highway, Brisbane City, Brisbane Airport and the Sunshine Coast.
On entering the property youll find a spacious dining area, living room and kitchen. This level also has 2 large bedrooms, a bathroom and laundry. Upstairs youll find four bedrooms, a lounge room, kitchen and bathroom. Access the balcony upstairs from both the master bedroom and lounge room and enjoy water views of Moreton Island.
This property has side access on both sides, and plenty of storage in the backyard with a large 3 bay shed, as well as a 3 door garden shed, and plenty of car accommodation with a carport and driveway. The perfect home for storing trailers, camper vans, caravans, boats, cars, you name it!
Things youll love:
- 810m2 block on two lots, with ocean views from the second level
- Next generation zoning for 3 storeys - 12 metres high
- Great rental return of $610/week
- North-facing property
- Four bedrooms with storage upstairs and two large bedrooms downstairs
- Master has access to the balcony with Moreton Island views
- Living/entertaining areas on both levels
- Full kitchens & bathrooms on both levels
- Powered extra large & high 3 bay shed + 10,000 ltr water tank
- Side-access both sides with room for boats, caravans or trailers
- Dual living potential (With a Kitchen on the ground floor and Kitchenette on first floor)
With so much land and so much potential, properties like this don't become available often. Don't hesitate to call Loren and arrange an inspection today!
Property History for 31 Sorrento St, Margate, QLD 4019
- 04 Sep 2021Sold for $910,000
- 30 Aug 2021Listed for Sale For Sale
- 16 May 2017Listed for Rent - Price not available
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0About 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 4,134 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.
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