FOR SALE
$320,000

5/89 Farrar Boulevard
Farrar NT 0830

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
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8.45% Gross Yield – Great Value Investment Opportunity

Set and Forget Investment Opportunity. This property is leased to the NT Government until May 2025 with the option to renew for a further 5 years likely to be exercised given the severe shortage of government housing in the market relative to demand. Leased at a guaranteed minimum $520.00 per week.
All routine maintenance is covered by the government under the lease which makes for a hassle free investment.
Two-bedroom low maintenance ground level unit with parks, shops and services all close by.
This single level unit features an open-plan living area, a tidy kitchen, and a bathroom with integrated laundry, complemented by covered entertaining and an easy-care yard.
Effortless ground level unit set within neat complex
Well-presented interior is fully tiled and accented by neutral tones
Open-plan living space opens out to covered verandah and yard
Kitchen features modern appliances, pantry and ample bench space
Master offers built-in robe, second bedroom, also with built-in robe
Large bathroom with framed glass shower and integrated laundry
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Property Details for 5/89 Farrar Bvd, Farrar

5/89 Farrar Bvd, Farrar is a 2 bedroom, 1 bathroom Unit with 2 parking spaces. The place is currently for sale with Real Estate Central.

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Unit

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About Farrar 0830

The size of Farrar is approximately 1.5 square kilometres. It has 4 parks covering nearly 7.2% of total area. The population of Farrar in 2011 was 1,409 people. By 2016 the population was 1,500 showing a population growth of 6.5% in the area during that time. The predominant age group in Farrar is 30-39 years. Households in Farrar are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Farrar work in a trades occupation. In 2011, 56.5% of the homes in Farrar were owner-occupied compared with 52% in 2016.

Farrar has 684 properties.

    There are currently 9 properties listed for sale, and 2 properties listed for rent in Farrar on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Farrar.

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    Kylie Westbrook
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    Daniel Harris
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