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

86/50 Mitchell Street
Darwin City NT 0800

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 12m2
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Property Details for 86/50 Mitchell St, Darwin City

86/50 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/UP 95/057

Last Listing description (July 2010)

''CENTRAL CBD INVESTMENT OPPORTUNITY'nThis is your chance to put your footprint in Darwin's buoyant real estate market.
It's a small investment but it gives you great returns of approximately 8% per annum with annual rental reviews.
Body corporate is a low, approximately $150.00 per quarter which covers all property Rates, Sewerage and Property Insurance.

Situated centrally to Darwin's tourist strip it is amongst all the action including eateries, cinemas and plenty of shopping venues.
The complex features a large communal pool and all facilities for the budget travellers.
WHY WAIT, INVEST NOW ON THIS GREAT OPPORTUNITY!!

Property History for 86/50 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
  • 28 Aug 2020
    Sold for $20,000
  • 20 Aug 2010
    Sold for $99,000
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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 5,324 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 83 properties listed for sale, and 66 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 299 properties were sold in the past 12 months in Darwin city.

Suburb Insights for Darwin City 0800

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.