The home at 176 Macdonnell Rd, Margate.A well-presented three-bedroom lowset home has sold under the hammer in Margate after attracting strong interest from buyers. Marketing agent Jacob Cantlin, of Elders Real Estate Redcliffe, said the property at 176 Macdonnell Rd sold for $354,000 at auction. There were three registered bidders on the day of the auction and two actively placed bids to try win the property. An opening bid of $330,000 kicked off proceedings and after some quick negotiations the home was sold to a local owner-occupier. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019Inside the home at 176 Macdonnell Rd, Margate.Mr Cantlin said 22 groups inspected the home before auction, with quality presentation bringing in the interested parties. “The owner did a great job in always being meticulous with the presentation of the home,” he said. “It was a basic home, but it had nice polished floors and a really nice kitchen.“There is certainly strong demand for that entry-level, low-maintenance, easy-to-buy home in the Margate market.” Mr Cantlin said while there appeared to be less investors looking to buy in Margate at the moment, there were still plenty of owner-occupiers across all price points.