OFF MARKET

1/53 Van Morey Road
Margate TAS 7054

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 80m2
Land area: 255m2
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Property Details for 1/53 Van Morey Rd, Margate

1/53 Van Morey Rd, Margate is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1971. The property has a land size of 255m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
Unit
Year Built
1971
Floor Size
80m2
Land Size
255m2
Local Government
Kingborough
Lot/Plan
1/159491

Last Listing description (December 2019)

In one of Margate's sought after leafy pockets, this property is filled with an abundance of charm and character, this gorgeously presented unit is perfect for a savvy investor, first home buyer or downsizer in a location that can only be described as enviable. Currently tenanted until September 2020 for $325 a week, this property is perfect as an investment in Kingborough's growth corridor or to move in and enjoy the life style that is on offer, the rewards are endless for this unique comfortable and convenient property.You will enjoy the light filled living spaces, equipped kitchen with separate dining area, two good sized bedrooms that are serviced by the central bathroom and of course the private and low maintenance back yard that presents a lovely opportunity sit outside and soak up the sun. The tightly held position boasts easy access to Margate's Primary School and will appeal to families moving into the area to take advantage of the position. Key features include split system air conditioner, a carport, plenty of off street parking and is just moments away from all of your daily necessities located within the Margate business centre with café, restaurants, bakery and other essential amenities.Call for your private inspection today, as this property is sure not to last long in the current market.

Property History for 1/53 Van Morey Rd, Margate, TAS 7054

A timeline of how this property has performed in the market
Last Sold
$330,000
22 Nov 2019
Listed for Rent
$300/w
30 Aug 2017
  • 22 Nov 2019
    Sold for $330,000
  • 13 Nov 2019
    Listed for Sale Best offer over $320,000
  • 18 Aug 2017
    Listed for Rent - Price not available
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About Margate 7054

The size of Margate is approximately 41.9 square kilometres. It has 9 parks covering nearly 5.7% of total area. The population of Margate in 2011 was 3,624 people. By 2016 the population was 3,945 showing a population growth of 8.9% in the area during that time. The predominant age group in Margate is 0-9 years. Households in Margate are primarily couples with children 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, 83.3% of the homes in Margate were owner-occupied compared with 81.6% in 2016.

Margate has 1,815 properties. Over the last 5 years, Houses in Margate have seen a 44.02% increase in median value, while Units have seen a 50.72% increase. As at 31 August 2024:

  • The median value for Houses in Margate is $794,525 while the median value for Units is $553,575.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 15 properties listed for sale, and 2 properties listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Margate.

Suburb Insights for Margate 7054

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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.