OFF MARKET

10/171 Dick Ward Drive
Coconut Grove NT 0810

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 89m2
Land area: 136m2
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Property Details for 10/171 Dick Ward Dr, Coconut Grove

10/171 Dick Ward Dr, Coconut Grove is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2011. The property has a land size of 136m2 and floor size of 89m2.

Building Type
Unit
Year Built
2011
Floor Size
89m2
Land Size
136m2
Local Government
Darwin

Last Listing description (August 2024)

A Lucrative Investment for the Discerning Buyer.

Discover the ultimate Airbnb investment with Unit 10 at 171 Dick Ward Drive, Nightcliff. This modern, executive-style apartment has a proven and established rental income with just under $60,000 in gross rental income last financial year!

This property is an ideal investment for those looking to dive into the lucrative short-term rental market. With the option to purchase fully furnished with stylish and durable pieces for an additional $10,000, this apartment is ready to continue generating income from the moment you take ownership. With an established presence on Airbnb and other short-term rental platforms, this property has a proven track record of attracting guests, thanks to its unbeatable location near the Nightcliff Foreshore, markets, and recreational facilities.

KEY FEATURES:
- Bright, tiled open-plan living and dining area with seamless indoor-outdoor flow
- Covered balcony offering a tranquil tropical outlook
- High-end kitchen featuring stone benchtops and stainless steel appliances
- Master bedroom with ensuite and direct balcony access
- Well-sized second bedroom with built-in robe
- Internal laundry and ample storage space for convenience
- Secure, remote-access parking for two vehicles
- Located within walking distance to Nightcliff's top attractions and amenities

For the discerning investor, this property represents a rare opportunity to own a turn-key Airbnb asset in one of Darwin's most sought-after suburbs. Don't miss out on this chance to secure a high-yielding property with a strong return on investment.

Please contact Mark Hayes today to arrange a private viewing.

FURTHER INFORMATION:
Rental Status: Currently set up as short-stay
Area Under Title: 136m2
Floor space: 89m2
Easements: None Found
Year Built: 2011
Council Rates: approx. $1,900/yr
Body Corporate Manager: North Management
Body Corporate Fees: $1276.32/pq (approx)

DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent or the client, guarantee their accuracy. Interested persons are advised to make their own enquiries. The particulars contained are not intended to form part of any contract. Further, any floor plans included in the marketing material are for illustrative purposes only and the accuracy of dimensions or areas cannot be confirmed and should not be relied upon. Further, any rates, strata fees or distances noted are estimates based on available information at time of publishing.

Property History for 10/171 Dick Ward Dr, Coconut Grove, NT 0810

A timeline of how this property has performed in the market
Listed for Rent
$475/w
27 Jan 2021
  • 20 Aug 2024
    Listed for Sale Not Disclosed
  • 07 Jan 2021
    Listed for Rent - Price not available
  • 01 Aug 2018
    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 1,865 properties. Over the last 5 years, Houses in Coconut Grove have seen a 50.21% increase in median value, while Units have seen a 25.43% increase. As at 31 October 2024:

  • The median value for Houses in Coconut Grove is $726,530 while the median value for Units is $329,764.
  • Houses have a median rent of $640 while Units have a median rent of $480.
There are currently 12 properties listed for sale, and 10 properties listed for rent in Coconut grove on OnTheHouse. According to CoreLogic's data, 60 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.