SOLD
Sold on 31 Jul 2024 for $174,000

114/21-23 Cavenagh Street
Darwin City NT 0800

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 44m2
Land area: 52m2
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Property Details for 114/21-23 Cavenagh St, Darwin City

114/21-23 Cavenagh St, Darwin City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 52m2 and floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Unit sold in Darwin City in the last 12 months.

Building Type
Unit
Year Built
1997
Floor Size
44m2
Land Size
52m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 5457/UP 97/023

Last Listing description (August 2024)

Discover an extraordinary investment opportunity nestled in the vibrant heart of Darwin city! This property promises an impressive return on investment of approximately 9%, positioning it as a lucrative option for savvy investors. Conveniently located just 50 meters from the vibrant Darwin Mall, this property offers the perfect blend of urban excitement and serene relaxation. A leisurely 1-kilometer stroll will lead you to the stunning Darwin Waterfront, where an abundance of alfresco dining opportunities await, promising delightful culinary experiences against a picturesque backdrop. Embrace the allure of city living while indulging in the tranquility of waterfront charm, all within effortless reach from this exceptional property.

Situated in a prime location, this one-bedroom, one-bathroom unit boasts spacious living areas and a large bedroom, providing ample comfort and convenience. Step out onto the balcony and enjoy breathtaking views of the entire cityscape, creating a captivating backdrop for relaxation or entertaining guests.

With all essential amenities conveniently located downstairs, including cafes and the renowned Cavanagh Street Pub, residents enjoy easy access to everything they need right at their doorstep. The property is currently rented until next year, eliminating any concerns about finding tenants and providing a secure source of income for the foreseeable future.

Don't miss out on this opportunity to secure a prime investment property in one of Darwin's most sought-after locations. Contact us today to learn more and seize this incredible opportunity!

Council rate: $1649 Annually
Body Corporate: Elite Strata
Body corporate fees: $1118 Per Quater
Floor size: 52sqm
Stauts: Tenanted
Tenancy details: Leased until 30/6/25 for $310 per week.
ROI Yield: 9% Approx.
Built: 1997

Property History for 114/21-23 Cavenagh St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$174,000
31 Jul 2024
Listed for Rent
02 Sep 2021
  • 31 Jul 2024
    Sold for $174,000
  • 05 Apr 2024
    Listed for Sale UNDER CONTRACT
  • 19 Aug 2021
    Listed for Rent - Price not available
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About Darwin City 0800

The population of Darwin City 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 City is 20-29 years. Households in Darwin City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Darwin City work in a professional occupation. In 2011, 26.6% of the homes in Darwin City were owner-occupied compared with 22.8% in 2016.

Darwin City has 5,358 properties. Over the last 5 years, Houses in Darwin City have seen a 11.94% increase in median value, while Units have seen a 29.20% increase. As at 31 July 2024:

  • The median value for Houses in Darwin City is $537,330 while the median value for Units is $429,077.
  • Houses have a median rent of $600 while Units have a median rent of $585.
There are currently 84 properties listed for sale, and 50 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 294 properties were sold in the past 12 months in Darwin city.

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Raine & Horne Darwin
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.