FOR SALE
Offers Over $459,000

2 Ballingall Street
The Gap NT 0870

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Land area: 980m2
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Dual Occupancy – Double Income = 9% return

Offering a Gross rental return of over 9%. This fully fenced, dual access property is currently leased at a total of $870.00 per week. With a location close to the Hospital AND all major sporting facilities the property is very popular with tenants.
- Two-bedroom home and a fenced off independent garage/studio
- Attractive vinyl strip flooring throughout
- Well fitted bathrooms, attractive decor
- Double carport and garden shed
- Positioned close to the Hospital, Aquatic Centre and major Sporting facilities.
- Current rent income is $870 per week!
This is a terrific opportunity should you wish to keep both residences rented or live in one and lease out the other when it becomes available! The property is positioned on the corner of Ballingall Street and Speed Street. It covers 980 sq metres of land and is zoned LMR, offering versatility to meet your future needs.
The current improvements to the property include a cladded, very neat, two-bedroom home and an independent brick studio that is fitted with bathroom facilities and other conveniences or alternate space for an extended family. Both buildings are independently fenced with gate access and a clearance of approx. 6 metres between the boundaries.
The current owner has enjoyed adding value to both buildings by improving floor coverings, fresh paint, and attractive decor throughout. Its ready to go!
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Property Details for 2 Ballingall St, The Gap

2 Ballingall St, The Gap is a 3 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 980m2. The place is currently for sale with LJ Hooker Alice Springs.

Building Type
House
Land Size
980m2

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About The Gap 0870

The size of The Gap is approximately 1.6 square kilometres. It has 7 parks covering nearly 16.5% of total area. The population of The Gap in 2011 was 1,692 people. By 2016 the population was 1,716 showing a population growth of 1.4% in the area during that time. The predominant age group in The Gap is 30-39 years. Households in The Gap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gap work in a professional occupation. In 2011, 39.2% of the homes in The Gap were owner-occupied compared with 38% in 2016.

The Gap has 951 properties. Over the last 5 years, Houses in The Gap have seen a -3.28% decrease in median value, while Units have seen a -13.72% decrease. As at 30 September 2024:

  • The median value for Houses in The Gap is $419,251 while the median value for Units is $261,809.
  • Houses have a median rent of $485 while Units have a median rent of $430.
There are currently 8 properties listed for sale, and 4 properties listed for rent in The gap on OnTheHouse. According to CoreLogic's data, 47 properties were sold in the past 12 months in The gap.

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Gail Tuxworth
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LJ Hooker Alice Springs
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