127 Nierinna Rd, Margate is a 6 bedroom, 4 bathroom House with 3 parking spaces and was built in 2006. The property has a land size of 17790m2 and floor size of 290m2. While the property is not currently for sale or for rent, it was last sold in February 2016.
'Eloura' is a stunning Federation style farmhouse of some 580 sqm (approx) designed to take full advantage of its sunny, picturesque location yet just 3 minutes from the Margate township. No expense has been spared in this lavish home, built in 2006 with full period features throughout. Already licensed as a B & B, this magnificent home would also be ideal for 2 family living.
The main level of the house features 4 double bedrooms plus large study (could be 5th bedroom if required), formal dining room that will seat 12 easily, good size family / dining room, formal lounge, huge games room that easily takes a full size billiard table with built-in bar, farmhouse size kitchen, fully enclosed verandah for entertaining (87 sqm approx.), spa room with 6 person hydro-therapy spa and double garage with remote door and internal access.
Underneath there is a fully self contained one bedroom apartment with external entry, ideal for B & B, elderly relatives or guest accommodation plus stacks of dry under house storage or potential development.
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 1,806 properties. Over the last 5 years, Houses in Margate have seen a 43.18% increase in median value, while Units have seen a 43.01% increase. As at 31 October 2024:
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