OFF MARKET

36 Albert Street
Margate QLD 4019

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 59m2
Land area: 506m2
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Last updated 11 Nov 2024
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Property Details for 36 Albert St, Margate

36 Albert St, Margate is a 4 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 1950. The property has a land size of 506m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
Unit
Year Built
1950
Floor Size
59m2
Land Size
506m2
Local Government
Moreton Bay
Lot/Plan
2/RP66118

Last Listing description (November 2024)

This exceptional property, located at 36 Albert Street, Margate, offers a fantastic investment opportunity with its three fully self-contained units returning $1230 per week. Set on a generous 506m block, this property is positioned East of Oxley Avenue, just a short 400m stroll from the beautiful Margate Beach. Each unit is designed for independent living, providing a desirable rental return and making it ideal for investors or those seeking a multi-generational living arrangement. Every unit has been completely upgraded, featuring brand-new kitchens, stylish bathrooms, fresh flooring, and a sleek new paint job, ensuring a contemporary and low-maintenance living experience. These renovations not only enhance tenant appeal but also allow for premium rental returns.

Unit 1 Featuring:
2 Bedrooms 1 Bathroom on the second floor

$450 Rent per week
New commercial grade waterproof clip lock flooring
Renovated kitchen with new appliances, newly renovated bathroom
Airconditioning in the main bedroom
Closed in balcony with a personal laundry
Front and rear stair access
Ceiling fans in the living area
2x Custom built in wardrobes

Unit 2 Featuring:
1 Bedroom 1 bathroom on the ground level
$380 Rent per week
Newly renovated kitchen with a combination laundry
Renovated bathroom
New commercial grade waterproof clip lock flooring
2x Custom built in wardrobes

Unit 3 Featuring:
1 Bedroom 1 bathroom on the ground level
$400 Rent per week
New commercial grade waterproof clip lock flooring
Renovated kitchen with new appliances
Additional storage area
Rear access to an undercover deck and patio area
Bathroom and laundry combination
1x Custom built in wardrobe

Additional Features:
506m2 Block with dual side access
$1230 rental return per week = $63,960 per annum
All renovated bathrooms have new toilets and modern showers, 3 coat wet seal in all wet areas with designer black tap ware and fittings in bathrooms
All kitchens renovated with custom cabinetry and pantrys with laminated bench tops, tiled splash backs installed with stainless steel gas cook tops on bottled gas
New commercial grade waterproof clip lock flooring in all dining and living areas
New blinds throughout
New power points throughout and coax for the TVs installed
All new plumbing was installed throughout the building
New light fitting and fixtures installed in all flats
Solar external lighting added for safety and security
Shared fire pit area
NBN is available in all flats
Separate meters for each flat to measure electricity consumption
Spacious storage shed
Outdoor tiled BBQ and entertainment area

The prime location of 36 Albert Street is one of its standout features. Nestled East of Oxley Avenue, this property is just a 400m walk to the stunning Margate Beach, offering easy access to the serene coastline and waterfront lifestyle. For added convenience, Margate Village Shopping Centre is a mere 800m away, providing an array of shops, supermarkets, and amenities. Families will appreciate the short 500m walk to Humpybong State School, making school drop-offs a breeze. This central location combines the best of coastal living with close proximity to essential services, making it highly appealing to tenants and residents alike.

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Property History for 36 Albert St, Margate, QLD 4019

A timeline of how this property has performed in the market
Last Sold
$500,000
28 Oct 2020
  • 23 Sep 2024
    Listed for Sale $1,100,000
  • 28 Oct 2020
    Sold for $500,000
  • 03 Jan 2020
    Listed for Sale $525,000
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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 4,137 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 38 properties listed for sale, and 27 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 194 properties were sold in the past 12 months in Margate.

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