FOR SALE
$870,000 (Nil GST)

17 Marlow Road
Berrimah NT 0828

Bedrooms: 4
Bathrooms: 3
Car spaces: -
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Rare Opportunity to Buy Adjoining Property and Develop Both

Snap up this opportunity at 17 Marlow Road, Berrimah an exceptional prospect for Light Industry investors and property developers. Pre cyclone units both consisting 2 bedrooms, living dining, kitchen and bathroom. Downstairs has been renovated whereas the unit upstairs requires some TLC. Both rented out currently. Shed/workshop located a the rear of the property also currently rented. The true allure lies in the land itself; presently divided into two separate blocks, each hosting tenants contributing to a steady income stream.

Crucially, there exists the potential to amalgamate this property with the adjacent plot at 18 Strath Rd, paving the way for an expansive and lucrative Light Industry premises.
Features:
- Pre Cyclone 2 Units, both have 2 bedrooms, bathroom and kitchen. Downstairs has been renovated whereas upstairs requires some TLC
- Mechanical Shed
- Land size is 2020m2
- Zone LI (Light Industry)
- Sewerage Easement on the right boundary at 3 mtrs wide
- Currently 3 separate tenants, collective rent is $645 per week
Close By:
- Haileybury Rendall School
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Property Details for 17 Marlow Rd, Berrimah

17 Marlow Rd, Berrimah is a 4 bedroom, 3 bathroom House. The place is currently for sale with Piening Property Sales.

Building Type
House

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About Berrimah 0828

The size of Berrimah is approximately 9.8 square kilometres. It has 6 parks covering nearly 2.3% of total area. The population of Berrimah in 2011 was 1,240 people. By 2016 the population was 769 showing a population decline of 38.0% in the area during that time. The predominant age group in Berrimah is 10-19 years. Households in Berrimah are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Berrimah work in a trades occupation. In 2011, 32.7% of the homes in Berrimah were owner-occupied compared with 39.3% in 2016.

Berrimah has 1,123 properties. Over the last 5 years, Houses in Berrimah have seen a -4.96% decrease in median value, while Units have seen a 0.59% increase. As at 30 November 2024:

  • The median value for Houses in Berrimah is $420,702 while the median value for Units is $403,474.
  • Houses have a median rent of $880 while Units have a median rent of $595.
There are currently 13 properties listed for sale, and 15 properties listed for rent in Berrimah on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Berrimah.

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Nuriye Piening
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