OFF MARKET

55 Miandetta Drive
Margate TAS 7054

Bedrooms: 5
Bathrooms: 2
Car spaces: 5
Floor area: 326m2
Land area: 20700m2
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Property Details for 55 Miandetta Dr, Margate

55 Miandetta Dr, Margate is a 5 bedroom, 2 bathroom House with 5 parking spaces and was built in 2000. The property has a land size of 20700m2 and floor size of 326m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
House
Year Built
2000
Floor Size
326m2
Land Size
20700m2
Local Government
Kingborough
Lot/Plan
6/124842

Last Listing description (April 2022)

(Note: this property is by private inspection only and offers are open and may be sold at any time from now).

Venture through the trees is this private sanctuary waiting for you and your family which is set in a dream location alongside the North West Bay River reserve only 2 km from Margate; less than 10 minutes drive to all the facilities on offer at Kingston; minutes to great beaches and just 15 minutes to Hobart.

There is certainly plenty of value with this opportunity considering building and land costs, rental yield, significant planned infrastructure projects in the pipeline and with some analysts forecasting Hobart growth out to 20%+ to end of 2023.

With a level block, fresh air, large renovated immaculate home, double garage plus double car port plus a pristine river enabling fishing and swimming, you can live the dream here - and being here is real special. With over 500m2 of useable space, you won't be spared for room!

Drive up to the charming homestead via the circular drive, and you will see the possibilities of living in such a place. Entertain on the extensive decks, stroll through the gardens to the gate by the river, and have picnics on the ancient granite lining the swimming hole. In the colder months, dine in the warmth and look through the glass to the lovely native landscape and lawns.

The beautifully presented house has multiple living areas, including a separate lounge or TV room next to the kids' bedrooms. The heart of the home is a large kitchen and elegant glassed dining area with a high octagonal raked ceiling. The orientation of the building ensures that the living areas face north so that the sun streams in to warm the floorboards which extend throughout the home.

- Enchanting homestead on around 5 acres
- Modern design with 3 living areas
- Deck wrapping around living areas, including partly covered
- Frolic in the river nearby
- Relax on the deck or in tranquil gardens
- Play in your workshop or with your horse

Get to know Margate
Margate is located 17 kms south west of Hobart. It is a little seaside village. The surrounding area is filled with vineyards, pasturelands and plenty of treed areas. It is a popular place to stop for tourists heading down towards the Bruny Island region. It is a thriving town with quite a large variety of different shops and under 20 minutes to Hobart.

With interest rates at an all-time low and over $15 billion worth of infrastructure projects in the pipeline over the next decade in Tasmania, Hobart remains a solid city to be investing in, with the central suburbs surpassing the $1m barrier. For the seventh quarter in a row, Tasmania has taken the mantle of the best-performing economy in the nation. Demand is currently high with stock levels extremely low and we encourage you to get in quick on this opportunity.

Year Built: 2000
Construction: Brick
Heating: Electric

Property History for 55 Miandetta Dr, Margate, TAS 7054

A timeline of how this property has performed in the market
Last Sold
$1,501,000
28 Mar 2022
  • 28 Mar 2022
    Sold for $1,501,000
  • 15 Mar 2022
    Listed for Sale EOI $1,600,000+
  • 14 Jul 2011
    Listed for Sale $680,000 - $730,000
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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 1,807 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 15 properties listed for sale, and 1 property listed for rent in Margate on OnTheHouse. According to CoreLogic's data, 55 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.