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Sold on 11 Nov 2024 - Price Unavailable

9 Patsalou Road
Coolalinga NT 0839

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1730m2
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Matthew Knight
Knight Frank (Northern Territory)
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Property Details for 9 Patsalou Rd, Coolalinga

Building Type
Land
Land Size
1730m2
Local Government
Litchfield

Last Listing description (November 2024)

Perfect for the owner occupier or first-time investor looking to build something and lease!

Coolalinga has seen major developments over the last 10 years, with the largest being the shopping center anchored by Coles and Kmart and complimented by several fast-food restaurants and the Coolalinga tavern. It is the main shopping center servicing the rural areas and is the last major shopping hub leaving the Darwin region. There have also been significant commercial additions in the area, and more residential developments are planned too.

9 Patsalou Road sits just west of the shopping center, offering easy access to the Stuart Highway via the service road. It is situated approx. 10km from Palmerston CBD and offers an easy commute into Palmerston and Darwin.

The block is 1,730sqm and has a frontage to Patsalou Road of 33.25m and a depth of approximately 52m. There is a small 1sqm electrical easement in the southeast corner of the block and a 6.55m drainage easement across the rear boundary of the block.

The block is located in the municipality of the Litchfield Shire Council and is zoned C - Commercial which allows for a multitude of development options.

For more information please contact Knight Frank on 08 8982 2500 or Matthew Knight on 0413 058 020

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Property History for 9 Patsalou Rd, Coolalinga, NT 0839

A timeline of how this property has performed in the market
Last Sold
11 Nov 2024
  • 11 Nov 2024
    Sold
  • 22 Feb 2024
    Listed for Sale New Price! Only $200/sqm. $346,000 + GST
  • 22 May 2023
    Listed for Sale New Price! Only $200/sqm. $346,000 + GST
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About Coolalinga 0839

The size of Coolalinga is approximately 1.1 square kilometres. It has 1 park. The population of Coolalinga in 2011 was 2,042 people. By 2016 the population was 534 showing a population decline of 73.8% in the area during that time. The predominant age group in Coolalinga is 20-29 years. Households in Coolalinga are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coolalinga work in a trades occupation. In 2011, 79% of the homes in Coolalinga were owner-occupied compared with 26.9% in 2016.

Coolalinga has 324 properties. Over the last 5 years, Houses in Coolalinga have seen a -0.88% decrease in median value, while Units have seen a 13.74% increase. As at 31 October 2024:

  • The median value for Houses in Coolalinga is $506,361 while the median value for Units is $305,716.
  • Houses have a median rent of $322 while Units have a median rent of $460.
There are currently 8 properties listed for sale, and no properties listed for rent in Coolalinga on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in Coolalinga.

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