Margate at a glance
4,358
People
$855,000
Median sale
$570/wk
Median rent
3.47%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
$1,300,000
Last sold
27 Oct 2021
5
Bedrooms
4
Bathrooms
2
Car spaces
1,827 m²
Land
364 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,300,000
27 Oct 2021 · derived via latest_sale
Local land rate: recorded House sales in Margate (last 5 years) with land size have a median of $838/m² of land (n=77). Districts calculation from recorded sales — not a valuation.
Margate at a glance
4,358
People
$855,000
Median sale
$570/wk
Median rent
3.47%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Vs Margate
+52.0%
Median sale
Suburb $855,000
-1.19 pp
Gross yield
Suburb 3.47%
Suburb median $855,000 from 25 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $570/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Margate at a glance
4,358
People
$855,000
Median sale
$570/wk
Median rent
3.47%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Petrusma Property KingstonImmaculate presentation! Perfect location.
• 2 complete and separate homes OR large family home
• excellent potential to earn 2nd income
• North facing for all day sun
• Impressive mountain, rural and village views
• top quality kitchens and appliances
• huge deck with clear café curtains
• 16 panel, 5 Kw Solar system
• 2 car garage with adjoining studio / work space
• large, private garden with 2 sheds and hothouse
• backs on to Margate Primary School
From the moment of entering this property, be impressed! Immaculately presented and well built contemporary home (built in 2006) at the end of a culdesac ensuring privacy and no through traffic. This property is fully fenced and oh so safe for the kids.
Everything about this home is big –
Currently works as 2 separate homes ….
HOME 1
Upstairs is a huge living / dining / family/ kitchen with 3 bedrooms, 2 bathrooms, enormous covered deck complete with café clears / blinds, separate Entry.
Modern kitchen with quality appliances and large island bench / breakfast bar, serviced by a large walk-in pantry. Expansive windows to take in the fabulous views of Mt Wellington, Sleeping Beauty and more.
All of this is heated by a very effective pellet heater and there is also an 8kw Mitsubishi Heat Pump. If that is not enough, there is also a fully ducted electronically controlled “Warm and Dry” heat transfer system to spread warmth throughout the home. All 3 bedrooms have ceiling fans. You will never be cold in this spacious home!
The huge deck will accommodate the largest family or friends gathering …. And if the weather is not “perfect”, drop the café blinds and still enjoy the space, views and outdoors!
Stairs on one end of the living spaces connects to the ground floor home / “space”.
HOME 2
Downstairs is almost as big as Upstairs.
Whilst connected by a wonderful staircase this can easily be locked off to ensure 2 totally separate and private dwellings.
Again, a large living / dining / family / kitchen with study nook, 2 bedrooms, 2 bathrooms, separate W.C., study / home theatre, extra large laundry with separate access to the gardens. Double sliding doors open out onto a fully paved patio area with direct access to the garden, driveway etc.
The kitchen is also quite new with quality appliances and large island bench / breakfast bar, serviced by a large walk-in pantry AND a separate walk in storage room.
All of this is heated by a stunning wide gas heater in the living room end, (with a massive built-in T.V. over) and also an 8kw Daikin Heat Pump.
The list goes on and on …
To top all of this off, the home is serviced by a 16 panel 5 Kw Solar system ensuring very, very low ongoing energy costs.
Outside … where to start? Double garage with adjoining room currently used as a “sleepout” with its own W.C. and vanity. This room is fully insulated and would be great for guest accommodation, or a studio, or workshop, or music room …. or …. again, you decide?
2 separate garden sheds, a large hothouse, vegie gardens, expansive lawn area, parking for 4 + cars. Primary School over the back fence.
2 'resident' magpies visit every day to be hand fed, plus an abundance of other bird life.
This is an outstanding property in the heart of Margate, a few minutes walk to the local shops and school, and an easy commute to Hobart. What a wonderful environment for the family to enjoy and grow.
Listing description written by Eddie Hoogenhout, Petrusma Property Kingston — reproduced as published, not verified by Districts.