OFF MARKET

90/52B Mitchell Street
Darwin City NT 0800

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 17m2
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Property Details for 90/52b Mitchell St, Darwin City

90/52b Mitchell St, Darwin City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 17m2. While the property is not currently for sale or for rent, it was last sold in July 2015.

Building Type
Unit
Year Built
2004
Land Size
17m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 7541/DVP2004/022

Last Listing description (November 2015)

Melaleuca On Mitchell is the premiere budget accommodation in Darwin city. With direct street frontage on, and overlooking the famous Mitchell Street strip, there is no better position for any thrill seeker visiting this great city.
The Melaleuca complex comprises of 98 Strata titled units, each containing numerous bedding options. Unit 90 is a 17sqm single room with a 6-bed configuration.
This is a great property to start your investment portfolio or even pick up something thing cheap along the way. On offer is an attractive rental return of approximately $9,068.00p/a, with rental increases in-place each year.

Features at a glance:
* Single room unit with 6 beds and A/C
* Prominent CBD location amongst bars, cafes, restaurants and tour operators
* Kitchen and laundry facilities
* 24-hour Tour/Reception desk
* 24-hour Internet Cafe
* 2 swimming pools with spa
* Licensed poolside bar
* Light entertainment -pool tables, table soccer, dartboard
Property Information:
Unit Area: 17m2
Body Corporate: $143.25 per quarter
Council Rates: $999.66 per annum

The complex is located right amongst the action of the CBD. Literally at your doorstep are some of the best bars, cafes and restaurants Darwin has to offer. For those looking to shop, there are many surrounding retail outlets, while The Mall is only a couple of minutes walk. Conveniently located across the road is The Darwin Transit Centre, which is the central meeting point for most of the shuttle buses and local tours operators.
Act now, to purchase this low risk, high yielding investment at the forefront of Darwin's strong tourism trade. Call Michael Keith from O'Donoghues First National to discuss this fantastic opportunity.

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Property History for 90/52b Mitchell St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$92,000
06 Jul 2015
  • 06 Jul 2015
    Sold for $92,000
  • 19 Dec 2014
    Listed for Sale $100,000
  • 20 Mar 2006
    Sold for $107,250

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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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