FOR SALE
Offers Over $345,000

5/3 Morinda Street
Larrakeyah NT 0820

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 135m2
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2-Bedroom Gem in Larrakeyah - Great for investors and First home Buyers

Welcome to 5/3 Morinda Street, Larrakeyah - your gateway to urban living and an excellent investment opportunity! This unique property features 2 bedrooms, 2 bathrooms, and 2 undercover parking spaces, perfect for small families or couples seeking a cozy retreat. With 135 sqm of space, it offers comfortable living and a solid yield of 7%.
This beautiful gem showcases city views from the balcony, providing a bird's-eye view of the vibrant neighborhood. Inside, you'll discover meticulous interior design and top-quality finishes.
Nestled in a private corner, this oasis offers tranquility amidst the city's vibrancy. Shops, restaurants, and parks are all within walking distance, ensuring convenience and enjoyment.
Seize the opportunity to make this Larrakeyah gem your own - contact us today for a viewing and start your urban dream!
Features:
• Bright open-plan living and dining area with access to a breezy balcony.
• User-friendly kitchen with ample counter and storage space.
• Master bedroom complete with its own ensuite bathroom.
• Separate laundry equipped with a spacious built-in linen cupboard.
• Cool, low-maintenance tiles and split system air conditioning throughout.
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Property Details for 5/3 Morinda St, Larrakeyah

5/3 Morinda St, Larrakeyah is a 2 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a floor size of 135m2. The place is currently for sale with Raine & Horne Darwin.

Building Type
Apartment
Floor Size
135m2

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About Larrakeyah 0820

The size of Larrakeyah is approximately 2 square kilometres. It has 8 parks covering nearly 5.3% of total area. The population of Larrakeyah in 2011 was 3,242 people. By 2016 the population was 3,723 showing a population growth of 14.8% in the area during that time. The predominant age group in Larrakeyah is 20-29 years. Households in Larrakeyah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Larrakeyah work in a professional occupation. In 2011, 37.4% of the homes in Larrakeyah were owner-occupied compared with 32.3% in 2016.

Larrakeyah has 2,260 properties. Over the last 5 years, Houses in Larrakeyah have seen a 16.66% increase in median value, while Units have seen a 16.16% increase. As at 31 July 2024:

  • The median value for Houses in Larrakeyah is $875,951 while the median value for Units is $435,455.
  • Houses have a median rent of $820 while Units have a median rent of $600.
There are currently 23 properties listed for sale, and 14 properties listed for rent in Larrakeyah on OnTheHouse. According to CoreLogic's data, 120 properties were sold in the past 12 months in Larrakeyah.

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Akansh Batta
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Raine & Horne Darwin
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