18A Margate ParadeMargate QLD 4019
Property Details for 18a Margate Pde, Margate
18a Margate Pde, Margate is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in July 2017.
Last Listing description (January 2017)
RARE OPPORTUNITY TO BUY A MULTIPLE INCOME PROPERTY ON 1,012M2 ON 2 LOTS THIS CLOSE TO THE WATER. THIS IMPRESSIVE PROPERTY PACKAGE IS JUST 50 METRES FROM THE MARGATE BEACH AND COMPRISES 4 DWELLINGS, INCLUDING MARGATE BEACH HOUSE AND MORETON BAY COTTAGES.COMPRISES:- SINGLE TITLE FREEHOLD PROPERTY COMPRISING 2 EQUAL SIZE LOTS OF 506SQM (TOTAL LAND SIZE 1012SQM)- HIGHSET 1940S HOUSE PLUS 3 COTTAGES SITUATED UP A PRIVATE LANEWAY - ALL FULLY FENCED FOR PRIVACY, AND PET FRIENDLY- ALL WITH WATER VIEWS OF MORETON BAY- ALL RECENTLY RE-WIRED AND NEW PLUMBING, NBN FITTED TO EACH PROPERTY- VERY WELL MAINTAINED AND EXCELLENT TENANTS IN PLACEMARGATE BEACH HOUSE:- 3 BEDROOMS, BATHROOM AND 2 TOILETS - POLISHED BEECH TIMBER FLOORS- POTENTIAL TO RENOVATE AND BUILD IN UNDER AND MAKE THIS YOUR HOME OR ADD INCOME- PRIVATELY FENCED- RECENTLY RENTED AT $470 PER WEEKMORETON BAY COTTAGES:- EACH COTTAGE HAS 2 BEDROOMS, KITCHEN, LOUNGE, BATHROOM, SINGLE CARPORT, PLUS ROOM FOR A 2ND VEHICLE- PRIVATELY FENCED- COTTAGES RENTED ON FIXED LEASES TOTALLING $895 PER WEEK (COTTAGE 1 AT $310; COTTAGE 2 AT $265 & COTTAGE 3 AT $320 PER WEEK)* RATES $1,475 PER QTR (APPROX.)* WATER & SEWERAGE $1,100 PER QTR (APPROX.)BASED ON THE ABOVE FIGURES TOTAL GROSS RENTAL INCOME (INCLUDING THE HOME @ $470 PER WEEK) IS $70,980 P.A.THE BUYER COULD CHOOSE TO RESIDE IN THE HOUSE AND COLLECT THE INCOME FROM THE 3 COTTAGES, FURNISH THE HOUSE AND PLACE ON SHORT STAY / HOLIDAY RENTAL MARKET. THE SELLERS WILL ENTERTAIN PRE-AUCTION OFFERS SO DON?T DELAY AND ENQUIRE NOW.FEATURES INCLUDE: CLOSE TO SCHOOLS,CLOSE TO SHOPS,CLOSE TO TRANSPORT,GARDEN,POLISHED TIMBER FLOOR,TERRACE-BALCONY
Property History for 18a Margate Pde, Margate, QLD 4019
- 17 Jul 2017Sold for $1,400,000
- 04 Jan 2017Listed for Sale Not Disclosed
- 20 May 2016Listed for Rent - Price not available
Recent sales nearby
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About Margate 4019
The size of Margate is approximately 2.6 square kilometres. It has 12 parks covering nearly 6.8% of total area. The population of Margate in 2016 was 7405 people. By 2021 the population was 7575 showing a population growth of 2.3% in the area during that time. The predominant age group in Margate is 50-59 years. Households in Margate are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margate work in a professional occupation.In 2021, 56.70% of the homes in Margate were owner-occupied compared with 53.20% in 2016.
Margate has 4,153 properties. Over the last 5 years, Houses in Margate have seen a 103.26% increase in median value, while Units have seen a 97.11% increase. As at 31 October 2025:
- The median value for Houses in Margate is $969,476 while the median value for Units is $804,818.
- Houses have a median rent of $598 while Units have a median rent of $540.
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