2024/55 Cavenagh StDarwin City NT 0800
Property Details for 2024/55 Cavenagh St, Darwin City
2024/55 Cavenagh St, Darwin City is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 2004. The property has a land size of 100m2 and floor size of 80m2.
Last Listing description (June 2024)
Currently leased by Metro Hotel until January 2027 with additional 5-year options for renew.
Positioned on the second floor is this fantastic dual key apartment consisting of a 1 bedroom apartment with its own balcony and a studio apartment which can be connected via an internal lockable door potentially creating a 2 bedroom apartment. With the long-term lease in place this property is the perfect set and forget investment.
Features Include:
Modern bathrooms
Generous sized bedrooms
Split-system air conditioning throughout
Pool in popular city centre apartment complex
Furniture is owned by hotel
Annual CPI rent reviews
Ideally set in the popular Metro Apartments complex, walking distance to a huge range of bars, restaurants and cafes in the heart of the city.
Year Built: 2004
Area under title: 100m
Body Corporate Manager: Network pacific
Body Corp Admin Fund: Paid by Metro Hotel under current lease.
Body Corp Sinking Fund: $552 approx. twice per annum.
Council Rates: $1,600 approx. per annum.
Status: Leased at approx. $1,336 p/month until Jan 2027
Property History for 2024/55 Cavenagh St, Darwin City, NT 0800
- 15 Feb 2023Listed for Sale Under Contract
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0About 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 5,326 properties. Over the last 5 years, Houses in Darwin City have seen a -4.37% decrease in median value, while Units have seen a 27.89% increase. As at 31 October 2024:
- The median value for Houses in Darwin City is $484,197 while the median value for Units is $410,767.
- Houses have a median rent of $590 while Units have a median rent of $600.
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