OFF MARKET

5/8 Lovegrove Drive
Araluen NT 0870

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 143m2
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Last updated 17 Jun 2024
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Property Details for 5/8 Lovegrove Dr, Araluen

Building Type
Commercial
Year Built
1995
Floor Size
73m2
Land Size
143m2
Local Government
Alice Springs
Lot/Plan
Loc 010 Lot 4499/UP 95/006

Last Listing description (June 2024)

For the first home buyer or someone looking to start an investment portfolio, this unit is perfect! Close to town, schools and many popular walking tracks.The open plan lounge and dining area is large and tiled for easy maintenance. The kitchen offers masses of bench space with a dishwasher and laundry adjacent. Upstairs, the master bedroom is a great size and there is a second bedroom for guests. The bathroom is well designed with a bath, shower, vanity and toilet. The rear courtyard offers a perfect spot to relax and there is undercover parking out the front.Currently on a periodic lease for $350 p.w.- Open plan living and dining- Kitchen with masses of bench space- Courtyard perfect for relaxing- Perfect for the first home buyer- Close to town, schools and many popular walking tracks- Currently on a periodic lease for $350 p.w.

Property History for 5/8 Lovegrove Dr, Araluen, NT 0870

A timeline of how this property has performed in the market
Last Sold
$255,000
02 May 2023
Listed for Rent
$380/w
25 Aug 2022
  • 02 May 2023
    Sold for $255,000
  • 25 Aug 2022
    Listed for Rent $380 / week
  • 14 Mar 2022
    Sold
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About Araluen 0870

The size of Araluen is approximately 4.2 square kilometres. It has 7 parks covering nearly 1.2% of total area. The population of Araluen in 2011 was 2,695 people. By 2016 the population was 2,711 showing a population growth of 0.6% in the area during that time. The predominant age group in Araluen is 0-9 years. Households in Araluen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Araluen work in a professional occupation. In 2011, 58.9% of the homes in Araluen were owner-occupied compared with 55.2% in 2016.

Araluen has 1,101 properties. Over the last 5 years, Houses in Araluen have seen a -0.87% decrease in median value, while Units have seen a 2.18% increase. As at 30 September 2024:

  • The median value for Houses in Araluen is $516,915 while the median value for Units is $273,837.
  • Houses have a median rent of $658 while Units have a median rent of $450.
There are currently 21 properties listed for sale, and 1 property listed for rent in Araluen on OnTheHouse. According to CoreLogic's data, 47 properties were sold in the past 12 months in Araluen.

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