3/85 Margate ParadeMargate QLD 4019
Property Details for 3/85 Margate Pde, Margate
3/85 Margate Pde, Margate is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 111m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Last Listing description (February 2023)
Primely positioned on the complete Margate waterfront, enjoy multi-million dollar views without the price tag! Fall asleep at night to the sound of gentle lapping waves and wake up to stunning sunrises over the ocean.
From the outset, this property presents an array of options for the astute buyer and is ideal for those looking to make the sea-change and/or downsize. Since purchase, the current owners have updated the flooring in the kitchen and enclosed patio as well as installed new carpets. The unit is move-ready as is however there remains scope to modernise and personalise. Those seeking an investment will love the opportunity to own a highly in-demand unit, with the ability to achieve a healthy rental return.
The property incorporates a long list of features and is ideally positioned on the lower level of the complex. The open living plan allows ample natural sunlight and salty sea breezes to effortlessly flow through the entire unit. Enjoy the view all-year round, no matter the weather, from your private, screened sunroom.
The property features 2 sizable bedrooms with built-in wardrobes (the master featuring water views), ideal open living area and a well-appointed kitchen with oven, cooktop, oversized fridge cavity and plenty of storage & bench space. The bathroom incorporates both bathtub and shower, with laundry nook and separate toilet. Additionally, the unit includes a lock-up garage with shelving.
The complex is quiet and friendly, within walking distance to a long list of cafes, shops, schools, transport options and amenities.
Margate has a fantastic sense of community and is highly sought-after for those looking to make a sea change. Well-known for its parks and walking tracks, stroll along the waterfront and take in all that this destination suburb has to offer. You will have a plethora of options when it comes to dining out including Sunny's at the Sebel and award-winning Dolphins seafood. A short drive to discover all that the peninsula has to offer and quick highway access via the Houghton Highway Bridge.
Admin Fund: $1430 per annum
Sinking Fund: $970 per annum
Rates: Approx $480 per quarter
Water: Approx. $300 per quarter
Rental Appraisal: $450 - $480 per week
Contact Annabel Brooks on 0403 550 883.
Property History for 3/85 Margate Pde, Margate, QLD 4019
- 17 Jan 2023Sold for $502,000
- 24 Nov 2022Listed for Sale Under Contract
- 24 May 2022Listed for Sale Offers Over $529,000
Recent sales nearby
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About Margate 4019
The size of Margate is approximately 2.6 square kilometres. There are 12 parks, covering nearly 6.8% of the 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 4,176 properties. Over the last 5 years, Houses in Margate have seen a 110.13% increase in median value, while Units have seen a 83.05% increase. As at 30 April 2026:
- The median value for Houses in Margate is $1,129,190 while the median value for Units is $866,050.
- Houses have a median rent of $625 while Units have a median rent of $520.
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