32/1684 Channel HighwayMargate TAS 7054
Property Details for 32/1684 Channel Hwy, Margate
32/1684 Channel Hwy, Margate is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 205m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in June 2016.
Last Listing description (July 2016)
If contemporary, on the level, low maintenance and a good safe investment are some of your requirements then you need to inspect this very tidy villa we have on offer. Most of the rear yard is decking so you can pull up a chair inside and out, soak up the sun and relax. The floors in the main living areas are hard wearing and the floor plan is very functional There is a security system and remote control internal garage to compliment this very affordable package. Current rents in this strata title range from $285-$320pw.Conservatively showing an approximate gross return of 6%.
Being only a few years old there are many years of good depreciation remaining here.
Property History for 32/1684 Channel Hwy, Margate, TAS 7054
- 03 Jun 2016Sold for $250,000
- 08 Mar 2016Listed for Sale $250,000+
- 13 Jul 2012Sold for $225,000
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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.
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