SOLD
Sold on 10 Sep 2024 for $120,000

65/50 Mitchell Street
Darwin City NT 0800

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 12m2
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Property Details for 65/50 Mitchell St, Darwin City

65/50 Mitchell St, Darwin City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 12m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Darwin City in the last 12 months.

Building Type
Unit
Year Built
1995
Land Size
12m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 6534/S 95/196

Last Listing description (November 2016)

This is a great little earner for a modest outlay returning a respectable $9,765 a year. Why leave your money in the bank. Do the calculation. With a CPI review due soon with this high returning investment you are guaranteed an annual income far superior than bank interest. Mitchell Street is the action strip of Darwin packed with Restaurants, Bars and a Cinema. It is such a great location enjoyed by both local Darwinian's and tourists.
- Comfortable tourist accommodation in prime city location
- Convenient shopping at the Mitchell Centre across the Street

- Second floor studio style apartment with attached bathroom
- Secure Lease in place to December 2019 plus Right of Renewal
- Current quarterly payments $2,441.42 with a CPI review shortly
- Small owner outgoings - Sinking fund $150 per quarter
- Plus a $1,057 contribution towards the Council Rates
- (Replacement of owner chattels may occur from time to time)
Call today if this sounds interesting to you!
Property Code: 1830

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Property History for 65/50 Mitchell St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$120,000
10 Sep 2024
  • 10 Sep 2024
    Sold for $120,000
  • 07 Mar 2017
    Sold for $67,500
  • 12 Jul 2016
    Listed for Sale Not Disclosed
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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 5,361 properties. Over the last 5 years, Houses in Darwin City have seen a 6.61% increase in median value, while Units have seen a 26.95% increase. As at 31 August 2024:

  • The median value for Houses in Darwin City is $509,256 while the median value for Units is $421,751.
  • Houses have a median rent of $600 while Units have a median rent of $600.
There are currently 84 properties listed for sale, and 55 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 297 properties were sold in the past 12 months in Darwin city.

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