FOR SALE
Expression of Interest

5 King Street
Stuart Park NT 0820

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 0.116ha
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Development approved opportunity

For sale via 'Expressions of Interest' closing Friday the 22nd of November 2024 at 4pm (if not sold prior).
5 King street, positioned only one kilometer from Darwin Business center, Darwin waterfront, and Mindil Beach. Also offering all the convenience Stuart Park presents with great amenities only walking distance.
Total land size of 1160m2 with a Medium-Residential zoning the allotment currently has a development approval for six-two bedroom units and six-three bedroom units in a 4 story building including ground level car parking.
This offering represents an outstanding opportunity to secure a development positioned at the entrance to the CBD. With approved plans and a developer ready to get it off the ground, this cannot be missed.
Land Size: 1160m2
Status: Development approval
Zoning: MR
Council Rates: $5000.00 per yr
Looking for further information ? Contact Rory turner or Riley Loy to find out more.

Property Details for 5 King St, Stuart Park

Building Type
Land
Land Size
0.116ha

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About Stuart Park 0820

The size of Stuart Park is approximately 2.3 square kilometres. It has 9 parks covering nearly 3.8% of total area. The population of Stuart Park in 2011 was 3,748 people. By 2016 the population was 4,159 showing a population growth of 11.0% in the area during that time. The predominant age group in Stuart Park is 20-29 years. Households in Stuart Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stuart Park work in a professional occupation. In 2011, 40.7% of the homes in Stuart Park were owner-occupied compared with 37.2% in 2016.

Stuart Park has 2,642 properties. Over the last 5 years, Houses in Stuart Park have seen a 15.55% increase in median value, while Units have seen a 24.39% increase. As at 31 October 2024:

  • The median value for Houses in Stuart Park is $811,797 while the median value for Units is $415,622.
  • Houses have a median rent of $650 while Units have a median rent of $590.
There are currently 36 properties listed for sale, and 16 properties listed for rent in Stuart park on OnTheHouse. According to CoreLogic's data, 150 properties were sold in the past 12 months in Stuart park.

Suburb Insights for Stuart Park 0820

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Rory Turner
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Riley Loy
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LJ Hooker Darwin
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.