SOLD
Sold on 29 Aug 2024 for $600,000

39 Lind Road
Johnston NT 0832

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 174m2
Land area: 867m2
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Property Details for 39 Lind Rd, Johnston

39 Lind Rd, Johnston is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2015. The property has a land size of 867m2 and floor size of 174m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom House sold in Johnston in the last 12 months.

Building Type
House
Year Built
2015
Floor Size
174m2
Land Size
867m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 11394/S2014/176A

Last Listing description (July 2024)

INVESTOR ALERT - Looking for a genuine set and forget investment that keeps your property working for you? You've found it!

This classy modern home is designed to impress. It's a contemporary residence in a friendly neighbourhood, surrounded by parks and close to shops, schools, and Palmerston Hospital.

Featuring a secure long-term DHA lease in place until September 7th, 2028, this modern property is ideally suited for investors seeking a stress-free investment. It offers a healthy yield, strong long-term growth prospects, and excellent resale value in the future.

Property Highlights:
Stress-Free Investment: Currently returning $720 per week, with rent reviewed annually on December 31st. Rent is calculated at the greater of the market rate or the rent at lease commencement in December 2014 ($650 a week).
Secure Income: With a DHA lease in place until 2028, enjoy a guaranteed income that provides financial peace of mind.
Future Family Home: Post-lease, the property will be an excellent family residence. DHA will hand back the property in good condition, repainted and with any wear and tear rectified as per the lease terms.

Features Include:
Tax Benefits: Significant tax depreciation advantages, with the property only 9 years old.
Consistent Rent: Rent is paid 52 weeks per annum, even if vacant.
Prime Location: Close to Palmerston Hospital and in a growth location.
Home Specifications: Ultra-modern 4-bedroom, ground-level home on a quiet street. Includes an expansive open plan living/dining room, two bathrooms (one ensuite), and a double garage with high clearance.
Outdoor Space: Rear patio overlooking a well-maintained, low-maintenance garden.

Investment Advantages:
Low Risk: A genuine "set and forget" investment in Darwin, the most affordable capital city in Australia poised for a growth cycle.
High Yields: Darwin offers the highest rental yields in the country, making it a very attractive option for investors.

DHA Lease Summary:
Lease End Date: 07/09/2028
Income: $720 per week, with annual rental reviews
Outgoings: DHA management/maintenance fee of 13% (inc. GST)
This property is an excellent investment, providing a secure and guaranteed income until 2028. Situated in an area ideal for families, with quiet streets and friendly neighbours, this investment offers both a solid financial return and future residential potential.

Don't miss out on this low-risk, high-reward opportunity in one of Darwin's most popular suburbs.

Council Rates: $2,136 per annum (approx.)
Date Built: 2015
Area Under Title: 867 square metres
Zoning Information: LR (Low Density Residential)
Easements as per title: None found

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Property History for 39 Lind Rd, Johnston, NT 0832

A timeline of how this property has performed in the market
Last Sold
$600,000
29 Aug 2024
  • 29 Aug 2024
    Sold for $600,000
  • 24 Apr 2024
    Listed for Sale SOLD
  • 08 Sep 2016
    Sold for $650,000
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About Johnston 0832

The size of Johnston is approximately 2.6 square kilometres. It has 5 parks covering nearly 2% of total area. The population of Johnston in 2011 was 4 people. By 2016 the population was 2,047 showing a population growth of 51075.0% in the area during that time. The predominant age group in Johnston is 20-29 years. Households in Johnston are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Johnston work in a trades occupation. In 2011, 50% of the homes in Johnston were owner-occupied compared with 38.1% in 2016.

Johnston has 1,007 properties. Over the last 5 years, Houses in Johnston have seen a 28.14% increase in median value, while Units have seen a 21.09% increase. As at 30 September 2024:

  • The median value for Houses in Johnston is $625,127 while the median value for Units is $328,682.
  • Houses have a median rent of $675 while Units have a median rent of $505.
There are currently 17 properties listed for sale, and 4 properties listed for rent in Johnston on OnTheHouse. According to CoreLogic's data, 69 properties were sold in the past 12 months in Johnston.

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