508/39 Cavenagh StreetDarwin City NT 0800
Property Details for 508/39 Cavenagh St, Darwin City
508/39 Cavenagh St, Darwin City is a 2 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 132m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Darwin City in the last 12 months.
Last Listing description (September 2024)
The iconic Kube complex is located across from the Darwin GPO and is practically the geographical center of the Darwin CBD. In addition, the Charles Darwin University's new campus is currently under construction and is less than 50m away from this building. Due to open it doors in the next few months, the university is expecting thousands of international students through its doors creating a fantastic opportunity for owners in this building.
This property is currently leased with rental prices expected to increase once the university is accepting students as no new student accommodation has been constructed to service the increase in demand. University aside, the convenience of this location should not be understated as it is only a short walk to caf's, restaurants, entertainment, retail and employment opportunities.
Inside the complex is a gym with views to the street, and an indoor pool to prevent sunburn for those extended sessions in the water. Parking is in a secure basement with lift access to your floor. The Kube is one of the more recently constructed complexes and as such includes modern finishes and includes large polished tiles, stone bench tops and an open plan layout incorporating the kitchen, living and dining area.
Features include:
* Secure basement parking for 2 cars
* Pool and Gym in the complex
* Secure complex with Air Conditioned lobby
* Polished tiles and stone bench tops
* Ensuite off the main bedroom
* Convenient central CBD location
* High returns for investors
This property is currently tenanted and would suit investors looking for a high return with future increases predicted to be not too far away. Alternatively, for owner occupiers looking for something in this location you could purchase now and collect the rent until the lease expires.
Year built: 2013
Area under Title: 132m (approx)
Planning Zone: CB - Central Business
Council Rates: $1,660 per year (approx)
Body Corp Manager: North Management
Body Corp Fees: $2,098 per quarter (approx)
Status: Tenanted
Leased at $600 per week
Lease expires November 2024
Property History for 508/39 Cavenagh St, Darwin City, NT 0800
- 22 Jul 2024Sold for $425,000
- 21 Feb 2024Listed for Sale $470,000
- 20 Aug 2014Sold for $620,000
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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 5,362 properties. Over the last 5 years, Houses in Darwin City have seen a 12.95% increase in median value, while Units have seen a 22.09% increase. As at 30 September 2024:
- The median value for Houses in Darwin City is $543,443 while the median value for Units is $419,217.
- Houses have a median rent of $600 while Units have a median rent of $600.
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