5/79 Mitchell StreetDarwin City NT 0800
Property Details for 5/79 Mitchell St, Darwin City
5/79 Mitchell St, Darwin City is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 54m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom Unit sold in Darwin City in the last 12 months.
Last Listing description (December 2024)
FOR ALL PROPERTY INFORMATION, please copy and paste the code below to your preferred web browser.
https://vltre.co/pYBB32
We are pleased to announce that Unit 5 is now under contract.
Complex Amenities
Lift: No
Swimming Pool: No
Pets: Please contact Elite Body Corporate for information
No. of Units in Complex: 72
The unit is a rare find in the heart of Darwin's CBD, offering fantastic potential for both first-time buyers and savvy investors. With a current gross rental yield of 10%, this property is already delivering strong returns and has ample opportunity for further value-adding improvements.
The unit features air-conditioning throughout for year-round comfort, and with plenty of storage, ensuring practicality alongside potential. A spacious layout provides a solid foundation for those looking to add their personal touch or undertake a stylish renovation.
Location is everything, and the unit definitely delivers! Enjoy the convenience of walking to work, nearby restaurants, and Darwin's vibrant nightlife. Plus, you're just moments from the beautiful Esplanade, perfect for morning or evening strolls by the water.
Don't miss this opportunity to secure a property with solid returns and limitless potential in one of Darwin's most sought-after locations. This is your chance to create something truly unique in the heart of the city!
Around the Suburb;
• 1 minute to the Esplanade
• Surrounded by restaurants and bars
• Take a scooter to Cullen Bay or the Waterfront Precinct
• Nearby cafes, employment and more
Property History for 5/79 Mitchell St, Darwin City, NT 0800
- 13 Dec 2024Sold for $195,000
- 22 Oct 2024Listed for Sale UNDER CONTRACT
- 19 Jul 2023Listed for Rent $360 / week
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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 5,381 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.
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