OFF MARKET

1/2 Ostermann Street
Coconut Grove NT 0810

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 125m2
Land area: 179m2
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Property Details for 1/2 Ostermann St, Coconut Grove

1/2 Ostermann St, Coconut Grove is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 179m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
Unit
Year Built
2005
Floor Size
125m2
Land Size
179m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 6192/S 71/300

Last Listing description (March 2022)

Have you heard the saying: "They just don't make them like this anymore"? Well, this gorgeous apartment fits into this category - the sheer size and spaciousness of this home is such a pleasant surprise. Adding to the openness of the home and the contemporary feel... this apartment has been further upgraded, featuring BRAND NEW TILES THROUGHOUT. They really are sparkling!

The hero of the home is the balcony - perfect for the entertainer - and large enough to combine a BBQ, outdoor dining and lounge area. It is almost always shaded from direct sun all year round. You can kick back and watch the world go by, capture tree top views and delightful breezes and experience magnificent colour-filled skies each morning and evening.


With a sizeable 179 Square metres under roof, this modern THREE bedroom, TWO bathroom apartment is on the first level of a well kept complex of eight.

It has an oversized open plan living area which is sure to please those with an affinity for a large relaxing couch! You won't be running out of storage space anytime soon in this modern kitchen - it has loads of bench space and a breakfast bar that is perfect for weekend brunches, or a quick bite before you run out the door. The master bedroom features a modern ensuite and walk in robe, and it's good knowing the comfort extends to the other two good sized bedrooms with built in robes.

Best of all, it's located on the edge of Coconut Grove, where old Darwin Charm meets New: part of an established neighbourhood that offers the laidback hustle and bustle Darwin is synonymous for, while also being quiet enough to retreat and relax. Literally around the corner from the shops, cafes, Sunday morning markets, the Nightcliff foreshore, walking paths and jetty. It's perfect for the active enthusiast - ride to the various pop up restaurants, take the kids to the park, stroll along the beach ... there is plenty on offer for a busy, or quiet, or active lifestyle - or a combination of all!

Other features to know and love about this home:
? Fully tiled and air conditioned.
? Separate dining area
? Lots of windows and glass, letting the outdoors in!
? Large main bathroom with bath
? Internal Laundry

? Secure complex with remote control access and parking for two
? Very large Storeroom
? Appealing for an astute investor or owner occupier with the lease coming to an end.
? And you can have a pet! Pets on application

Additional Information:
- Built 2005
- Area on title: 179 Sqm
- Council rates $1357 approximately per annum
- Body Corporate Fees $1039 per quarter
- Vacant possession available
- Lounge and Bedroom air conditioning replaced with new November 17

Property History for 1/2 Ostermann St, Coconut Grove, NT 0810

A timeline of how this property has performed in the market
Last Sold
$450,000
31 Oct 2022
Listed for Rent
$450/w
30 Mar 2020
  • 31 Oct 2022
    Sold for $450,000
  • 17 Feb 2022
    Listed for Sale $420,000
  • 08 Jan 2020
    Listed for Rent - Price not available
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About Coconut Grove 0810

The size of Coconut Grove is approximately 1.7 square kilometres. It has 8 parks covering nearly 22.6% of total area. The population of Coconut Grove in 2011 was 2,849 people. By 2016 the population was 3,064 showing a population growth of 7.5% in the area during that time. The predominant age group in Coconut Grove is 30-39 years. Households in Coconut Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coconut Grove work in a professional occupation. In 2011, 37.4% of the homes in Coconut Grove were owner-occupied compared with 37.4% in 2016.

Coconut Grove has 1,871 properties. Over the last 5 years, Houses in Coconut Grove have seen a 24.06% increase in median value, while Units have seen a 14.07% increase. As at 31 July 2024:

  • The median value for Houses in Coconut Grove is $588,568 while the median value for Units is $332,311.
  • Houses have a median rent of $760 while Units have a median rent of $500.
There are currently 16 properties listed for sale, and 4 properties listed for rent in Coconut grove on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Coconut grove.

Suburb Insights for Coconut Grove 0810

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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.