SOLD
Sold on 02 Jul 2024 for $4,200,000

79/50 Mitchell Street
Darwin City NT 0800

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 12m2
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Property Details for 79/50 Mitchell St, Darwin City

79/50 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 July 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 (March 2008)

Solid Return
If you are looking for cash flow this investment is for you. Leased back this Value Inn Darwin is traveler or backpacker accommodation serviced apartment with access to pool and located in the busy Mitchell Street, Darwin.
Priced to sell.

Property History for 79/50 Mitchell St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$4,200,000
02 Jul 2024
  • 02 Jul 2024
    Sold for $4,200,000
  • 15 Oct 2020
    Sold for $20,000
  • 05 Mar 2011
    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 5,326 properties. Over the last 5 years, Houses in Darwin City have seen a -4.37% decrease in median value, while Units have seen a 27.89% increase. As at 31 October 2024:

  • The median value for Houses in Darwin City is $484,197 while the median value for Units is $410,767.
  • Houses have a median rent of $590 while Units have a median rent of $600.
There are currently 82 properties listed for sale, and 68 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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