4/11D Margate Parade, Margate QLD 4019

Top-floor unit | 202m² internal on 841m² lot | 100% owner-occupied street | Beachside Margate Parade The property’s primary buying case rests on its unusual internal area of 202m², which is significantly larger than typical two-bedroom flats in the area, and its top-floor position within a small five-unit complex on a 841m² lot. This size and configuration are competitively rare for the price band, offering a buyer a de facto apartment with the space of a small house. The 100% owner-occupied street and absence of flood or bushfire overlays further reduce typical holding risks. It is best suited to an owner-occupier seeking long-term coastal living with substantial space, or a buyer who values scarcity of floorplan over immediate rental yield. The key risk is the lack of recent sales data for the complex or street, which introduces valuation uncertainty despite the estimated range of $925,000–$1,000,000 sitting above the local median of $725,000. This gap implies the buyer is paying a premium for the large internal area and top-floor position, and resale liquidity may be lower if the market softens. The rental estimate of $465–$555 per week suggests a gross yield of roughly 3.0–3.5% at the upper end of the price band, which is below typical investor thresholds. The opportunity is to hold as a primary residence, capitalising on the scarcity of this floorplan in a beachside location, and to monitor the complex for any future strata renewal potential given the land size. Use this property as a long-term home or a low-turnover holding.