OFF MARKET

70 Forrest Parade
Bakewell NT 0832

Bedrooms: 8
Bathrooms: 4
Car spaces: 2
Floor area: 100m2
Land area: 943m2
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Property Details for 70 Forrest Pde, Bakewell

70 Forrest Pde, Bakewell is a 8 bedroom, 4 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 943m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in July 2020.

Building Type
Unit
Year Built
2005
Floor Size
100m2
Land Size
943m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 4773/S95/194C

Last Listing description (June 2020)

This unique investment opportunity is a deal not to be missed! Offering excellent yields as well as great potential for capital growth, you will not find another deal like this on the market. The potential for this property is unlimited! If you needed somewhere to live as well, you could live in one and let the other unit help pay off the mortgage! Otherwise you can have 2 tenants providing an excellent return.

Features at a glance:


* 2 individual properties sold as 1, each 4 bedroom, 2 bathrooms
* Ground level units set on 1 strata title
* No Body Corporate fees to pay, just rates and insurance
* Both floor plans are identical and mirror each other
* Spacious open plan living and dining areas
* Kitchens provide ample bench and storage space
* All bedrooms are a generous size
* Ensuite and walk-in-robe to main bedroom
* Fantastic size backyards with side access
* Undercover parking for 2 cars plus extra off-street parking
* Location is ideal close to schools, shops and parks
* Potential for $800+ per week rental return

Set on the one title, the property features 2 ground level duplex units offering a total of 4 bedrooms and 2 bathrooms in each. Positioned on a contained block of 923 sqm, the location is superb only minutes drive from Palmerston City Centre. Bakewell itself is an established leafy suburb and well serviced by local schools, shops, public transport and amenities, all vital in attracting the right tenants or making it your own home.


Relevant Information:

Year Built: 2005
Zoning: MD (Multiple Dwelling)
Land Size: 943sqm
Council Rates: $3,436 (approximately)
Property Status:
Unit 1 - Property Vacant
Unit 2 - $460/week until 15/11/20

Disclaimer: Buyers are expected to conduct their own due diligence with respect to the property. For the avoidance of doubt, this due diligence should include, but is not limited to, the condition of the property, the propertys suitability as an investment, the status of the current tenants and any estimated outgoings. Please note that some of the photographs provided with this listing were taken in 2019. Although the property condition has not deteriorated materially in the intervening period, we recommend that all interested parties apply to inspect the property and conduct their own due diligence with respect to the condition of the property.

Property History for 70 Forrest Pde, Bakewell, NT 0832

A timeline of how this property has performed in the market
Last Sold
$555,000
10 Jul 2020
Listed for Rent
$460/w
12 Oct 2008
  • 10 Jul 2020
    Sold for $555,000
  • 20 May 2020
    Listed for Sale Offers from $610,000
  • 20 Mar 2020
    Listed for Sale Offers from $610,000
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About Bakewell 0832

The size of Bakewell is approximately 1.4 square kilometres. It has 9 parks covering nearly 5.1% of total area. The population of Bakewell in 2011 was 3,191 people. By 2016 the population was 3,075 showing a population decline of 3.6% in the area during that time. The predominant age group in Bakewell is 30-39 years. Households in Bakewell are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bakewell work in a clerical occupation. In 2011, 56.9% of the homes in Bakewell were owner-occupied compared with 55% in 2016.

Bakewell has 1,438 properties. Over the last 5 years, Houses in Bakewell have seen a 17.73% increase in median value, while Units have seen a 35.80% increase. As at 30 November 2024:

  • The median value for Houses in Bakewell is $481,339 while the median value for Units is $278,660.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 6 properties listed for sale, and 6 properties listed for rent in Bakewell on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Bakewell.

Suburb Insights for Bakewell 0832

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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.