OFF MARKET

3044/55 Cavenagh Street
Darwin City NT 0800

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 79m2
Land area: 100m2
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Property Details for 3044/55 Cavenagh St, Darwin City

3044/55 Cavenagh St, Darwin City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 100m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in February 2011.

Building Type
Unit
Year Built
2004
Floor Size
79m2
Land Size
100m2
Local Government
Darwin

Last Listing description (November 2021)

Text '55CAV' to 0472 880 252 for all property information

Unit 3044 is currently leased to the Metro Hotel. The lease contract with Metro is up for renewal in January next year, which is automatically renewed - with the option for another 5 years after that.

This versatile city residence can be used as a two-bedroom apartment, or split into a one-bedroom apartment and a self-contained studio to double the booking capacity. It is ideally set in the popular Metro Apartments complex with a pool, and walking distance to a huge range of bars, restaurants and cafes in the heart of the city.

Carpeted living/dining area opens to balcony
Bright city skyline views from covered balcony
Kitchen off living/dining area with s/steel appliances
Modern main bathroom with shower over bath
Good-sized carpeted bedroom with built-in robe
European-style laundry facilities add convenience
Connecting studio with kitchenette and ensuite
Built-in robe and carpet also to studio or second bed
Split-system air conditioning throughout
Pool in popular city centre apartment complex
Furniture is owned by hotel

Enter into the main carpeted living/dining area that captures good natural light and opens onto the covered city-view balcony.

The adjoining full-sized kitchen features a high breakfast bar bar, ample bench and cupboard space including a generous pantry, and quality stainless steel appliances including a dishwasher.

A good-sized bedroom with a mirrored built-in robe joins the main bathroom off the main living area, and discrete European-style laundry facilities add convenience.

At the end of the hall a connecting door opens into the second bedroom or self-contained studio apartment that also features a private external entry.

The studio is also carpeted and features a mirrored built-in robe and study nook recess. It also boasts a kitchenette with cooktop, and a well-presented private ensuite.

Secure this rare opportunity to buy into the Metro Hotel Group and organise your inspection today.

Current monthly income approx. $1300 per month.

Council Rates: Approx. $1550 p/a
Area Under Title: 100 square metres
Year Built: 2005
Zoning: CB (Central Business)
Status: Vacant Possession
Body Corporate: Network Pacific
Body Corporate Levies (maintenance fund): approx: $744 per year
Vendors Conveyancer: TBC
Settlement period: 30 days or negotiable
Deposit: 10% or variation on request
Easements as per title: None

Property History for 3044/55 Cavenagh St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$428,000
07 Feb 2011
  • 30 Sep 2021
    Listed for Sale UNDER CONTRACT
  • 25 Apr 2018
    Listed for Sale $470,000
  • 13 Feb 2018
    Listed for Sale $470,000
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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 5,385 properties. Over the last 5 years, Houses in Darwin City have seen a -3.25% decrease in median value, while Units have seen a 25.89% increase. As at 30 November 2024:

  • The median value for Houses in Darwin City is $457,354 while the median value for Units is $402,400.
  • Houses have a median rent of $585 while Units have a median rent of $600.
There are currently 78 properties listed for sale, and 71 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 318 properties were sold in the past 12 months in Darwin city.

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Disclaimer
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.