OFF MARKET

50 Derwent Avenue
Margate TAS 7054

Bedrooms: 3
Bathrooms: 1
Car spaces: 8
Floor area: 114m2
Land area: 2942m2
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Last updated 16 Sep 2024
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Property Details for 50 Derwent Ave, Margate

50 Derwent Ave, Margate is a 3 bedroom, 1 bathroom House with 8 parking spaces and was built in 1940. The property has a land size of 2942m2 and floor size of 114m2.

Building Type
House
Year Built
1940
Floor Size
114m2
Land Size
2942m2
Local Government
Kingborough
Lot/Plan
1/130032

Last Listing description (December 2020)

Situated on the point at the end of Derwent Avenue, where the water meets on the north & east side within a few metres of the boundary, this most extraordinary lifestyle offering will be a drawcard to say the least. The land is level and practical and the location iconic in the local landscape.

Set on a generous allotment of approximately 2031 sqm, this stunning property offers scenic water and mountain views from every angle in an amazing location.

Cast your rod, go for a paddle or stroll and let your imagination go wild. Whatever you do with your investigations, the underlying truth is obvious. This fine property is one of those places where happiness must exist.

The 1950s bare bones home is well positioned to enjoy the perfect aspect and wonderful views. The home is ready for a revamp, with existing aged Tas Oak floorboards, reasonable underfloor access & hardwood framework already in place.

There is a generous shed onsite along with public water supply, access to extensive walks and other recreational pursuits to please most.

Perfectly situated in one of the Channel's most sought-after locations, we are pleased to offer this prime coastal property on behalf of a family that has held it for generations.

After a challenging year for our society, we are inspired and fortunate to present this incredible opportunity to market.

This is a short and sharp expressions of interest campaign with flexible settlement terms.

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Property History for 50 Derwent Ave, Margate, TAS 7054

A timeline of how this property has performed in the market
  • 18 Nov 2020
    Listed for Sale Expressions of interest closing 4pm, 04/12

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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.

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