6/47 Ernest StreetMargate QLD 4019
Property Details for 6/47 Ernest St, Margate
6/47 Ernest St, Margate is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 104m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in November 2018.
Last Listing description (December 2018)
Currently leased as a high yield AirBnb, this stylish light filled apartment could be your first home, weekender or a sound investment opportunity. A NET yield of approximately 4.8% is currently being enjoyed by the owners.
- North facing balcony with Moreton Bay views, never to be built out
- Large bright and airy living space, polished concrete floors
- Generous storage space with built in robe in lounge and bedrooms, lock up garage
- Separate shared laundry
- Walk to Margate shops & public transport
- 200 m to the beach, close to schools, cafes and restaurants
Some of the furniture and white goods in the apartment may be included in purchase, making this a very special opportunity.
Don't hesitate or it will be too late.
Rates: $372 a qtr approx
Water: $347 a qtr approx
Body Corp: $595 a qtr
*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.
Property History for 6/47 Ernest St, Margate, QLD 4019
- 03 Nov 2018Sold for $326,000
- 19 Oct 2018Listed for Sale Offers over $335,000
- 22 Aug 2015Sold for $275,000
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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