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Sold on 14 Aug 2024 for $910,000

4 Cowen Street
Margate QLD 4019

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 405m2
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Property Details for 4 Cowen St, Margate

4 Cowen St, Margate is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 405m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom House sold in Margate in the last 12 months.

Building Type
House
Year Built
1950
Land Size
405m2

Last Listing description (August 2024)

Often sought, but rarely offered - Multiple income streams.

The perfect investment, or the perfect site for your dream home.

2 flats only meters down Sandy Lane to kilometers of sandy beach, walking paths, cafes, bars and restaurants - the location is amazing!

Both dwellings are oversize in their proportions, with a single bedroom plus office for flat 1 and 3 bedrooms and an office for flat 2. Both offer separate dining rooms adjacent to the kitchen and spacious living rooms.
With M.B.R.C. zoning falling under the Next Generation Neighborhood Precinct, there is a permissible building height of up to 12m with an opportunity to capitalise on nearby water views.

Options are aplenty:-
- Hold and maintain as they currently are
- Renovate for an improved yield
- Re-build with a new multiple dwelling (S.T.C.A.)
- Re-build a single dwelling in a prime location

These opportunities are few and far between, don't delay - contact Mike for further information, internal photos or a video walkthrough today.

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Property History for 4 Cowen St, Margate, QLD 4019

A timeline of how this property has performed in the market
Last Sold
$910,000
14 Aug 2024
Listed for Rent
$245/w
18 Jan 2011
  • 14 Aug 2024
    Sold for $910,000
  • 06 Aug 2024
    Listed for Sale Offers Over $885,000
  • 04 Mar 2015
    Sold for $437,010
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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 4,140 properties. Over the last 5 years, Houses in Margate have seen a 85.74% increase in median value, while Units have seen a 97.06% increase. As at 30 November 2024:

  • The median value for Houses in Margate is $847,891 while the median value for Units is $724,021.
  • Houses have a median rent of $575 while Units have a median rent of $495.
There are currently 35 properties listed for sale, and 21 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 197 properties were sold in the past 12 months in Margate.

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