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Back 68 Deans Street East
Off Market

68 Deans Street East

Margate QLD 4019

8
4
4
911 m²
Block of units
Last sold for $1,300,000
Damien MissoDamien Misso, last sold this property on 14 August 2025 after 34 days on market.

Overview

Multi-tenant bayside investment

A smart investment decision, located in an appealing bayside suburb with direct access to beaches and waterfront attractions. This block of four units, all currently tenanted, is located on a large 911sq m parcel of land where there's strong potential for capital growth given the demand for coastal living. All units offer a two-bedroom, one-bathroom configuration in a similar practical layout with an external laundry in the carport. There's also hardwood flooring, an air-conditioned living area, and an open-plan kitchen/dining. Earn rental income immediately, with lower risk due to the diversification. Leave as is or improve to value-add. Perfectly suited for savvy investors, this low-maintenance property offers but is not limited to: + Reliable cash flow from established tenants across all four units + Secure long-term investment with exciting growth potential + 911sq m property within 1.5km of the waterfront, in-demand suburb + Four flats, all with a solid tenancy record, each with a covered carport, returning approximately $74,360 per annum + Future development potential re: renovation, rental increase, subdivision (STCA) + Minutes from Margate Beach and Southern Cross Catholic College + Close to public transport, cafes, shops and popular parks + Approximately 35 minutes by car to Brisbane's CBD, 25 minutes to BNE Airport *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.

Features

8 bedrooms
4 bathrooms
4 carspaces
4 carport spaces
911 m² lot size
Block of units

Estimated Value

We need at least 3 similar 8 bedroom block of units sold in Margate over the last 12 months.

Property history for 68 Deans Street East

2025
Sold
$1,300,000
Private Sale/Treaty on 14 Aug 2025 by Damien Misso, of Ray White Woody Point

Happy sellers in Margate

78%
78% of sellers in Margate reported that their sale price either exceeded or met their price expectations.

Margate stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 47 reviews in Margate over the last 12 months.

Local market activity for 8 bedroom block of units in Margate

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Rachele Jones

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Brett Viertel

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Adrianne Graham

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Kim Mcloughlin

Kim Mcloughlin is a recommended agent for Margate.  They have 3 local sales and collected 4 local reviews across the last 12 months.

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