36 Ernest Street, Margate, QLD 4019 sold on 26 September 2025 | OnTheHouse
 
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Sold on 26 Sep 2025 - Price Unavailable

36 Ernest Street
Margate QLD 4019

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Land area: 2534m2
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Property Details for 36 Ernest St, Margate

Building Type
Commercial
Land Size
2534m2

Last Listing description (September 2025)

Ray White Special Projects Qld are proud to offer to market Ernest and Albert - an outstanding residential development site, positioned in the booming Redcliffe Peninsula with sweeping views over the Moreton Bay. The opportunity comprises three individual dwellings, which are offered to market either Individually, In-One-Line or Any Combination.

Key Highlights:
• Prime Development Site: Expansive 2,534m²* corner allotment with dual frontages - 55metres* to Albert Street and 45metres* to Ernest Street

• Zoning: General Residential - Next Generation Neighbourhood, allowing for up to 75 dwellings per hectare (STCA^)
• Building Height: Code-assessable height of up to 12metres*, with potential for increased height subject to council approval^
• Holding Income: Currently generating gross holding rental income of $85,280* per annum (contact agent for further details)
• Rapid Growth Location: Situated in the thriving Redcliffe Peninsula, benefiting from significant ongoing population growth and infrastructure investment
• Proximity to Key Amenities: Only 170metres* to Scotts Point & Margate Beach, and short walking distance to Humpybong State School, Woolworths Margate, Langdon Park, and local community facilities
• Ideal Development Potential: Potential for premium apartments, townhouses or small lot housing, leveraging the elevated topography and expansive bay views

Existing Improvements include:

16 Albert Street - Improved with a 2 storey residential dwelling comprising 3 bedrooms, 1 bathroom, and a single-car garage

36 Ernest Street - Improved with a substantial 2 storey residence offering 7 bedrooms, 2 bathrooms, and double lock up garage

42 Ernest Street - Improved with a well-maintained 2 storey home featuring 2 bedrooms, 1 bathroom, and a single-car garage

*Approximately
^Subject to Council Approval

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Property History for 36 Ernest St, Margate, QLD 4019

A timeline of how this property has performed in the market
Last Sold
26 Sep 2025
Listed for Rent
$585/w
10 Mar 2021
  • 02 Oct 2025
    Listed for Sale Under Contract
  • 02 Oct 2025
    Sold
  • 16 Feb 2021
    Listed for Rent $585 / week
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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 103.76% increase in median value, while Units have seen a 105.74% increase. As at 30 November 2025:

  • The median value for Houses in Margate is $974,190 while the median value for Units is $843,894.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 19 properties listed for sale, and 18 properties listed for rent in Margate on OnTheHouse. According to Cotality's data, 189 properties were sold in the past 12 months in Margate.

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Contact agent
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Mark Creevey
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James Hanley
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RW Special Projects Queensland
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