FOR SALE
$420,000

7/22 Grevillea Circuit
Nightcliff NT 0810

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 122m2
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For the Astute Investor - Government Lease in Place

This prime investment opportunity features a top-floor TWO bedroom, TWO Bathroom, architecturally designed apartment with a secure NT Housing lease in place until June 30 2025, at $580 per week. With the head lease extending until January 2026, you can count on consistent rental income and long-term stability. Returns approximately 7.18%.
Built in April 2014, the apartment offers modern design, great floor layout and high-end finishes that appeal to quality tenants. The spacious living area seamlessly flows to an entertainer's balcony with tree top views, while the stylish kitchen boasts stone bench tops, ample storage, and premium appliances. Both bedrooms are generously sized with built-in robes, air conditioning, and tiled flooring for year-round comfort.
Located in a secure complex, the property includes two covered car parks and a storeroom. Positioned in a desirable area near the Nightcliff Foreshore and lush parklands, this apartment offers a compelling combination of modern living and high rental demand, making it a smart addition to any investment portfolio.
Around the Suburb:
Watch the sunset or cast a line at the picturesque Nightcliff Jetty
Savour a refreshing drink or delicious meal at the Beachfront Hotel, just moments away
Discover local treasures or enjoy a meal at the vibrant Nightcliff Markets
Take a leisurely stroll or bike ride along the stunning waterfront
About the Property:
Area under title: 122 Metres square
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Property Details for 7/22 Grevillea Cct, Nightcliff

7/22 Grevillea Cct, Nightcliff is a 2 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 122m2. The place is currently for sale with Absolute Real Estate NT.

Building Type
Unit
Land Size
122m2

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About Nightcliff 0810

The size of Nightcliff is approximately 1.5 square kilometres. It has 6 parks covering nearly 6.5% of total area. The population of Nightcliff in 2011 was 3,654 people. By 2016 the population was 3,838 showing a population growth of 5.0% in the area during that time. The predominant age group in Nightcliff is 30-39 years. Households in Nightcliff are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Nightcliff work in a professional occupation. In 2011, 46% of the homes in Nightcliff were owner-occupied compared with 40.4% in 2016.

Nightcliff has 2,183 properties. Over the last 5 years, Houses in Nightcliff have seen a 41.13% increase in median value, while Units have seen a 26.11% increase. As at 31 October 2024:

  • The median value for Houses in Nightcliff is $809,029 while the median value for Units is $333,018.
  • Houses have a median rent of $650 while Units have a median rent of $485.
There are currently 24 properties listed for sale, and 13 properties listed for rent in Nightcliff on OnTheHouse. According to CoreLogic's data, 103 properties were sold in the past 12 months in Nightcliff.

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Maria Kathopoulis
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Absolute Real Estate NT
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