89 Old Mcmillans RoadCoconut Grove NT 0810
Property Details for 89 Old Mcmillans Rd, Coconut Grove
89 Old Mcmillans Rd, Coconut Grove is a 5 bedroom, 5 bathroom Unit with 5 parking spaces and was built in 1982. The property has a land size of 720m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Last Listing description (May 2021)
This property is for sale by Openn Negotiation - https://bit.ly/3uckIzf
The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow.
Text '89OLD' to 0488 810 057 for all property information.
Brilliantly located is this ground level well maintained complex.
There are 5x 1 Bedroom, 1 Bathroom units with car parks. Open plan lounge dining kitchen. Air conditioned and in great condition. Rented with a approx income of $56,000 p/a
The location is second to none in the booming Beach side suburb of Coconut Grove, only a short stroll to the spectacular Nightcliff and Rapid Creek foreshore and the wonderful lifestyle that this area has to offer.
Whether to have a fantastic return on your investment or take advantage of the generous block to execute multiple new dwellings (subject to approval).
This is undoubtedly a tidy opportunity to purchase a complex tightly held, blue chip area and would make both a short term and long-term investment.
Call or email for more information or come visit me on site
Council Rates: Approx. $7,700 per annum
Area Under Title: 720 sqm
Year Built: 1982
Zoning: MR (Medium Density)
Status: Rented
Rental Estimate: $56,000 p/a
Building Report: Available on request
Settlement period: 30 days
Deposit: 10% or variation on request
Easements as per title: (none found)
Property History for 89 Old Mcmillans Rd, Coconut Grove, NT 0810
- 04 Jun 2021Sold for $665,665
- 01 Apr 2021Listed for Sale SOLD
- 14 Nov 2017Listed 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.
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