SOLD
Sold on 23 Apr 2024 for $599,900

29 Riverdowns Drive
Margate TAS 7054

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 88m2
Land area: 824m2
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Property Details for 29 Riverdowns Dr, Margate

29 Riverdowns Dr, Margate is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1978. The property has a land size of 824m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom House sold in Margate in the last 12 months.

Building Type
House
Year Built
1978
Floor Size
88m2
Land Size
824m2
Local Government
Kingborough
Lot/Plan
17/9528

Last Listing description (April 2024)

Located close to the heart of the thriving township of Margate this solidly constructed and immaculately presented double glazed two bedroom brick residence provides a fantastic opportunity for those buyers looking to reside or invest in a quiet cul-de-sac locale only moments walk to all of the shops and services this growing community has to offer.

Set across a generous, fully fenced 816 sqm parcel of flat land the residence comprises of a recently renovated open plan lifestyle space with direct access to the generous timber entertaining deck and modern, well appointed kitchen. Both bedrooms offer built-in wardrobes whilst the family bathroom has been updated and features a bath, shower bay and separate toilet for additional convenience. A European laundry has direct access to the backyard which is a safe haven for children and pets whilst offering low maintenance, established gardens and a separate lock up double garage with excellent storage options.

The property also includes DA approved plans for an upstairs retreat combining two bedrooms and bathroom ready for its next custodians to grow into and also potential to construct an additional unit/ancillary dwelling STCA. With a level block and the residences proximity to fabulous Dru Point along with the brand new shopping centre just up the road this much loved home ticks all the boxes.

Property History for 29 Riverdowns Dr, Margate, TAS 7054

A timeline of how this property has performed in the market
Last Sold
$599,900
23 Apr 2024
Listed for Rent
$270/w
26 Oct 2014
  • 23 Apr 2024
    Sold for $599,900
  • 21 Dec 2023
    Listed for Sale $599,000+ price range
  • 16 Oct 2018
    Sold for $395,000
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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 1,805 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:

  • The median value for Houses in Margate is $796,004 while the median value for Units is $533,425.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 16 properties listed for sale, and 1 property listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Margate.

Suburb Insights for Margate 7054

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LJ Hooker Kingborough
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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.