OFF MARKET

503/44 Woods Street
Darwin NT 0800

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
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Last updated 16 Dec 2024
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Property Details for 503/44 Woods St, Darwin

503/44 Woods St, Darwin is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2016
Floor Size
82m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 10858/UTS2016/036

Last Listing description (May 2024)

Professionals Darwin is proud to introduce a Apartments for sale in Stylish build of Magnum, 44 Woods street. These apartments currently leased to Magnum serviced apartments are on a great fix term lease. The apartments are 6 yrs old and the building was one of the last building to be built in the CBD... the Serviced apartment business is run by a local family that have been in the territory for over 10years and have no plans to move on.

The build has 9 levels, with the top level giving patrons a roof top garden and pool area to take in the sunsets and sunrises...

The returns for investors are strong, with current leases in place for $550per week on a 5 + 5 + 5 +5 year basis. The owner has multiple apartments for sale and is open to do an inline deal.

Key Features:
Tiled flooring through out the apartment
A/C rooms
Internal Laundry
Build-in Robe
Only 5 apartments per level
Good size kitchen with stone bench tops
Stainless steal appliances
Walking distance to shops, restaurants and bars.

Please call or enquiry BT for more information.

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Property History for 503/44 Woods St, Darwin, NT 0800

A timeline of how this property has performed in the market
Last Sold
$1,950,000
29 May 2023
  • 12 Aug 2023
    Listed for Sale Not Disclosed
  • 29 May 2023
    Sold for $1,950,000

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About Darwin 0800

The size of Darwin is approximately 2.6 square kilometres. It has 15 parks covering nearly 12.9% of total area. The population of Darwin in 2011 was 4,545 people. By 2016 the population was 6,479 showing a population growth of 42.6% in the area during that time. The predominant age group in Darwin is 20-29 years. Households in Darwin are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Darwin work in a professional occupation. In 2011, 26.6% of the homes in Darwin were owner-occupied compared with 22.8% in 2016..

Darwin has 720 properties. Over the last 5 years, Houses in Darwin have seen a 18.87% increase in median value, while Units have seen a 55.83% increase. As at 30 November 2024:

  • The median value for Houses in Darwin is $550,913 while the median value for Units is $441,960.
  • Units have a median rent of $590.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Darwin on OnTheHouse. According to CoreLogic's data, 143 properties were sold in the past 12 months in Darwin.

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