1/31 Riverdowns Drive, Margate, TAS 7054 | Property Value & History | OnTheHouse
 
FOR SALE

1/31 Riverdowns Drive
Margate TAS 7054

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 346m2
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This property is currently on the market
Comfort, Convenience & Quiet Living in Margate
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Property Details for 1/31 Riverdowns Dr, Margate

1/31 Riverdowns Dr, Margate is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 346m2 and floor size of 73m2.This Property is currently listed for sale with LJ Hooker Pinnacle Property

Building Type
Unit
Year Built
1982
Floor Size
73m2
Land Size
346m2
Local Government
Kingborough
Lot/Plan
1/56598

Last Listing description (March 2026)

Tucked away in a quiet, sunny cul-de-sac, this solid early '80s unit offers comfortable, low maintenance living in a convenient Margate location. This unit is one of only two and features two good sized bedrooms, both with built-in robes and a practical central bathroom.

The light filled lounge has been updated with brand new floor coverings and is kept comfortable year round with a Daikin heat pump, while ceiling insulation adds to the home's energy efficiency. The kitchen and bathroom remain original to the era, presenting a neat and functional space with potential for future updates if desired. NBN is connected, and the property also includes a dedicated carport for off-street parking.


The property has a level backyard with two garden sheds, secure fencing and neat gardens.

Positioned within easy walking distance to the local bus stop, chemist, Margate Tavern and neighbourhood shops, the location is both peaceful and convenient. For leisure and lifestyle, Hopfields Brewery is just a two minute drive away and the popular North West Bay Golf Club is only five minutes from your door.

This is a great opportunity to secure a solid unit in a well established, sought after pocket of Margate.

The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

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Property History for 1/31 Riverdowns Dr, Margate, TAS 7054

A timeline of how this property has performed in the market
Last Sold
$160,000
12 Jun 2023
Listed for Rent
$400/w
16 Jun 2023
  • 18 Mar 2026
    Listed for Sale Offers Over $510,000
  • 16 Jun 2023
    Listed for Rent $400 / week
  • 12 Jun 2023
    Sold for $160,000
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About Margate 7054

The size of Margate is approximately 41.9 square kilometres. It has 9 parks covering nearly 5.7% of total area. The population of Margate in 2016 was 3920 people. By 2021 the population was 4239 showing a population growth of 8.1% in the area during that time. The predominant age group in Margate is 10-19 years. Households in Margate are primarily couples with children 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, 82.60% of the homes in Margate were owner-occupied compared with 81.60% in 2016.

Margate has 1,804 properties. Over the last 5 years, Houses in Margate have seen a 34.81% increase in median value, while Units have seen a 31.56% increase. As at 28 February 2026:

  • The median value for Houses in Margate is $852,172 while the median value for Units is $569,494.
  • Houses have a median rent of $593 while Units have a median rent of $480.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Margate on OnTheHouse. According to Cotality's data, 75 properties were sold in the past 12 months in Margate.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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