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Sold on 27 Sep 2023 - Price Unavailable

612/5 Gardiner Street
Darwin City NT 0800

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 612/5 Gardiner St, Darwin City

612/5 Gardiner St, Darwin City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 1 bedroom Unit sold in Darwin City in the last 12 months.

Building Type
Unit
Local Government
Darwin
Lot/Plan
Loc 200 Lot 8492/UTS2012/011A

Last Listing description (September 2023)

**These units don't last long when they pop up and the sellers will negotiate, its important if your interested to get in quick or risk missing out!

Less than 100m from the new Charles Darwin University city campus, it would be difficult to find a better located building. It is an easy walk to most places in the city from here however the property includes parking for 1 car so you don't need to give up your freedom. For the owner occupier the location is super easy, and the amenity of the building is quite good with secure basement parking, security fob access to access the building and a swimming pool at the upper level with stunning views.

If you have kids attending CDU when it opens this could be a safe choice to have them close to school and work and reduce their living expenses. If you are an investor, this property is currently showing a 9.95% Gross rental return which is outstanding.

Features include:

* 6th floor views
* Less then 100m from the new CDU campus
* Secure basement parking for 1 car
* Security fob access to the building
* Swimming pool at the top level with great views
* Could be cheaper to buy than rent
* Showing 9.95% Gross return for investors.

The finishes are great with stone bench tops in the kitchen and bathroom. The use of the limited space is fantastic with overhead cupboards in the kitchen and the laundry neatly tucked away in the bathroom. Make contact today!

Year Built: 2012
Planning Zone: CB - Central Business
Area under title: 50m�
Body Corporate Manager: Whittles Body Corporate.
Body Corporate Fees: $1,792 per quarter
Council Rates: $1,650 per year (approx)
Current Rental amount: $400 per week
Rental expires: 17.09.2023
Status: Keep the tenant, or give 42 days notice to vacate.

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Property History for 612/5 Gardiner St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
27 Sep 2023
Listed for Rent
$400/w
01 Mar 2022
  • 23 Oct 2023
    Sold for $209,000
  • 18 Aug 2023
    Listed for Sale $209,000
  • 17 Feb 2022
    Listed for Rent $400 / week
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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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