OFF MARKET

2/37 Lorna Lim Terrace
Driver NT 0830

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 94m2
Land area: 94m2
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Property Details for 2/37 Lorna Lim Tce, Driver

2/37 Lorna Lim Tce, Driver is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1991. The property has a land size of 94m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in July 2021.

Building Type
Unit
Year Built
1991
Floor Size
94m2
Land Size
94m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 3223/S 85/138

Last Listing description (July 2021)

Calling all first home buyers looking to get into the market with a cheap affordable first home; or for the astute investor looking for great rental returns , this neat and tidy 2 bedroom unit in the heart of Palmerston CBD is what you're looking for!

Features include:

Solid ground floor unit (94m2 under title) with generous verandah

Two good sized bedrooms with robes and airconditioning
Spacious open plan living with access out onto verandah
Good compact kitchen
Smal complex of only 8 units
Large communal swimming pool in complex

Living here is a breeze and very convenient. This unit is perfectly located and is literally a few minutes' walk to all shops, restaurants, and major amenities that Palmerston CBD has to offer.

Council Rates: Approx. $1,717 per annum
Area Under Title: 94 sqm
Zoning: MR (Medium Density)
Status: Vacant Possession
Vendors Conveyancer: TBC
Body Corporate Levies: Approx $1,550 per quarter
Settlement period: 30 days
Deposit: 10% or variation on request
Easements as per title: (none found)

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Property History for 2/37 Lorna Lim Tce, Driver, NT 0830

A timeline of how this property has performed in the market
Last Sold
$200,000
28 Jul 2021
Listed for Rent
$320/w
05 Dec 2016
  • 28 Jul 2021
    Sold for $200,000
  • 26 May 2021
    Listed for Sale UNDER CONTRACT
  • 28 Nov 2016
    Listed for Rent - Price not available
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About Driver 0830

The size of Driver is approximately 1.7 square kilometres. It has 16 parks covering nearly 30.2% of total area. The population of Driver in 2011 was 2,958 people. By 2016 the population was 2,880 showing a population decline of 2.6% in the area during that time. The predominant age group in Driver is 30-39 years. Households in Driver are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Driver work in a trades occupation. In 2011, 51.3% of the homes in Driver were owner-occupied compared with 52.1% in 2016.

Driver has 1,221 properties. Over the last 5 years, Houses in Driver have seen a 10.90% increase in median value, while Units have seen a 30.03% increase. As at 31 October 2024:

  • The median value for Houses in Driver is $419,726 while the median value for Units is $292,625.
  • Houses have a median rent of $550 while Units have a median rent of $440.
There are currently 13 properties listed for sale, and 8 properties listed for rent in Driver on OnTheHouse. According to CoreLogic's data, 63 properties were sold in the past 12 months in Driver.

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