OFF MARKET

4/1 Progress Drive
Coconut Grove NT 0810

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 94m2
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Last updated 11 Nov 2024
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Property Details for 4/1 Progress Dr, Coconut Grove

4/1 Progress Dr, Coconut Grove is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 94m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
Unit
Year Built
1970
Floor Size
84m2
Land Size
94m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 6181/B 000561

Last Listing description (January 2023)

This ideally located apartment sits on the first floor of a well presented complex, and has a car park at the front door as well as plenty of off street parking nearby.
The apartment itself is located away from the road, and is accessible via Hart Court.

The apartment is tiled throughout and has a/c in every room. Windows in the kitchen and across to the balcony door give options for airflow, and the open plan living and dining area are extended onto the balcony via sliding doors.

The kitchen has hard wearing laminate counters with plenty of storage space.

Each of the two bedrooms are well sized and include tiled flooring and A/C with large windows to let in the natural light. and include built in robes.
The bathroom offers a shower and vanity and mosaic tiled flooring underfoot. There is also a laundry room with lots of space for extra storage, and potential to have a second shower built in or cabinets added for extra organisation.

The Nightcliff Foreshore, Jetty and swimming pool are all a stone's throw away. Enjoy the pop up food vans along the foreshore, picnics at the cliffs, sunset walks, kite surfing or fishing off the jetty. The Nightcliff Markets are on every Sunday morning and you can even duck down the street to the Rapid Creek Markets on a Saturday as well!

Currently rented at $380 per week with a lease in place until June 2023, this apartment brings an excellent return for investors!

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Property History for 4/1 Progress Dr, Coconut Grove, NT 0810

A timeline of how this property has performed in the market
Last Sold
$250,000
27 Jan 2023
Listed for Rent
$380/w
10 Jun 2021
  • 27 Jan 2023
    Sold for $250,000
  • 16 Sep 2022
    Listed for Sale $285,000 ono
  • 27 May 2021
    Listed for Rent $380 / week
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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, 62 properties were sold in the past 12 months in Coconut grove.

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