108/15 Musgrave CrescentCoconut Grove NT 0810
Property Details for 108/15 Musgrave Cres, Coconut Grove
108/15 Musgrave Cres, Coconut Grove is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2015. The property has a land size of 96m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in September 2016.
Last Listing description (March 2022)
What would you say if I said you can walk right into this ownership and have instant secure income for 5 years? Sounds too good to be true... well it's not.
This is a very rare and unique opportunity to purchase this beautiful unit, that already holds a secure 5-year head lease with the Northern Territory Government through to 28/02/2026.
With the unit offering:
• Two modern bathrooms with quality finishes
• Two car parks
• Tiled and air conditioned throughout
• Functional kitchen
• Open plan living
• Breezy balcony, perfect for entertaining
• Unit complex has both a pool and a gym
Now let's talk about income:
- Gross Rental Income 28,599.96 per annum
- Northern Territory Government Management Fee $4,575.96 per annum
- Rates approx. $1,260.00 per annum
- Body Corporate $3,936.08 per annum
Property History for 108/15 Musgrave Cres, Coconut Grove, NT 0810
- 08 Sep 2021Listed for Sale PRICE GUIDE $415,000
- 27 Sep 2016Sold for $460,000
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0About 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 1,864 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.
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