39/14-20 Duffield Road, Margate QLD 4019

Third-floor apartment | ocean-view entertainer’s balcony | 3 beds 2 baths 2 cars | strong rental demand | coastal Margate This unit presents a competitively strong offering due to its dual-car accommodation and expansive entertainer’s balcony with ocean views, a combination that is rare in the apartment market. The configuration serves an owner-occupier seeking a coastal lifestyle or an investor targeting the family rental segment, as evidenced by the robust rental estimates and school catchments. Its position without flood or bushfire overlays provides a foundational security often absent in waterfront suburbs. Proceed with the understanding that the shared strata lot of over 3,600 square metres carries future capital works risk, costing the buyer through potentially volatile levy increases. The substantial price growth since 2019 necessitates verifying recent comparable sales to justify the premium. The commercial logic supports a long-term hold to amortize strata costs, leveraging the reliable rental demand. This property is a buy for a patient holder, not a short-term trader. The property last sold for $482,500 in January 2019. With 31 three-bedroom apartments sold recently in Margate, the market for this configuration is demonstrably active. This sales history indicates significant equity growth has already been captured, placing the current asking price under intense scrutiny; buyers must validate that recent comparable sales support this new valuation plateau.