OFF MARKET

7/12 Bundalla Road
Margate TAS 7054

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 85m2
Land area: 266m2
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Last updated 28 Oct 2024
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Property Details for 7/12 Bundalla Rd, Margate

7/12 Bundalla Rd, Margate is a 2 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 2013. The property has a land size of 266m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Townhouse
Year Built
2013
Floor Size
85m2
Land Size
266m2
Local Government
Kingborough
Lot/Plan
7/166612

Last Listing description (May 2023)

This neat townhouse is nestled in the heart of Margate, close to all the conveniences the Channel has to offer, and located in a modern complex. The versatile layout of the home is perfect for a variety of lifestyles. This property is one of the few stand-alone units in this setting.
The open plan living/kitchen/dining is set up to enjoy all day sun. The kitchen is modern and stylish with stainless steel appliances as well as having plenty of bench and cupboard space. There are two large bedrooms both complete with built-in wardrobes, while the main bedroom located upstairs, has access to its own private ensuite with shower, toilet and vanity.
The second bedroom, located on the ground level, is adjacent to the spacious main bathroom, which includes a shower and bath.

Leading from the sun filled lounge is a quaint deck area with stairs leading to the fully enclosed back garden and views to iconic Mt Wellington/kunanyi. The large garage, with remote control entry, provides internal access to the home and includes a good sized laundry plus extra space for storage.
This property is perfectly positioned in comfortable walking distance to schools, shops, public transport, Dru Point and all the conveniences that Margate and the Channel have to offer. Only 20 minutes from Hobart, close to Kingston and with all these conveniences what more could you ask for.
This property is the perfect investment or alternatively low maintenance home. Currently tenanted until 21/09/2023 at $410 per week.
You will need to be quick as this property won't last long. Call today to arrange an inspection or you will miss out!

Property History for 7/12 Bundalla Rd, Margate, TAS 7054

A timeline of how this property has performed in the market
Last Sold
$515,000
09 Mar 2023
Listed for Rent
$310/w
15 Aug 2017
  • 09 Mar 2023
    Sold for $515,000
  • 14 Oct 2022
    Listed for Sale Not Disclosed
  • 25 Jul 2017
    Listed for Rent $310 / week
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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 1,810 properties. Over the last 5 years, Houses in Margate have seen a 40.25% increase in median value, while Units have seen a 46.81% increase. As at 30 September 2024:

  • The median value for Houses in Margate is $774,876 while the median value for Units is $541,860.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 15 properties listed for sale, and 3 properties 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.