5/23 Mabel StreetMargate QLD 4019
Property Details for 5/23 Mabel St, Margate
5/23 Mabel St, Margate is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in April 2025. There are other 2 bedroom Unit sold in Margate in the last 12 months.
Last Listing description (April 2025)
Set just 300 metres from the shoreline, this low-maintenance coastal property offers investors a rare opportunity to secure an income-generating asset in a tightly held, high-demand pocket of Margate - just 30 minutes from Brisbane.
Currently leased to a quality tenant at $580 per week until January 2026, this recently renovated two-bedroom unit is part of a boutique complex of only six residences, ensuring both privacy and long-term appeal.
The property has been thoughtfully updated with a modern kitchen, bathroom, and stylish flooring throughout. The spacious, air-conditioned open-plan living, dining, and kitchen area flows seamlessly to a private patio where tenants can enjoy sea breezes and a glimpse of beautiful Moreton Bay.
Ideally positioned within walking distance to Margate Parade, shops, public transport, parks, schools, and the beach, this property ticks all the boxes for location, lifestyle, and investment stability.
Key Features:
+ Solid rental income: leased at $580/week until Jan 2026
+ Boutique complex of only 6 with just one unit per level
+ Recently renovated kitchen, bathroom, and flooring
+ Open-plan, air-conditioned living with access to private patio and bay glimpses
+Two bedrooms, including master with air conditioning
+ Secure garage with space for two small cars
+ Walk to Margate Beach, cafes, shops, parks, and schools
+ Located within Humpybong State School and Clontarf Beach State High catchments
This is a set-and-forget investment with strong rental yield, future growth potential, and ongoing appeal for tenants and owner-occupiers alike.
*Disclaimer - We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research. Some photos include Virtual Styling - an inspection will reveal different furniture.
Property History for 5/23 Mabel St, Margate, QLD 4019
- 01 Apr 2025Sold for $605,000
- 11 Mar 2025Listed for Sale Under Contract
- 03 Nov 2022Listed for Rent $580 / week
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 4,149 properties. Over the last 5 years, Houses in Margate have seen a 104.91% increase in median value, while Units have seen a 93.35% increase. As at 31 December 2025:
- The median value for Houses in Margate is $1,008,232 while the median value for Units is $845,217.
- Houses have a median rent of $600 while Units have a median rent of $520.
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