OFF MARKET

2/40 Lorna Lim Terrace
Driver NT 0830

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 117m2
Land area: 117m2
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Property Details for 2/40 Lorna Lim Tce, Driver

2/40 Lorna Lim Tce, Driver is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1996. The property has a land size of 117m2 and floor size of 117m2. While the property is not currently for sale or for rent, it was last sold in May 2009.

Building Type
Unit
Year Built
1996
Floor Size
117m2
Land Size
117m2
Local Government
Palmerston

Last Listing description (June 2022)

Territory Real Estate is proud to present this two bedroom first floor apartment situated easy walking distance to the Palmerston Shopping Centre. With an easy stroll to the Palmerston CBD you will no longer need to line up for a parking spot or toss a coin to decide who drives home from Dinner. This is a perfect first home buyer property and coming to the market at a fantastic price.

- Featuring a central open plan kitchen with over-head and under-bench storage, electric hot plates, under-bench oven, double sink plus breakfast bar.
- Open plan lounge and family/dining with slide door access to wide private balcony.
- Two spacious bedrooms include built-in robes and split system air-conditioning.
- Bathroom includes a shower alcove, vanity & WC.
- Downstairs has a lock up storage room and ample parking.
- Situated in a quiet complex and bordered by parkland it is also walking distance to the Palmerston golf course.

The property is currently tenanted on a periodical tenancy or alternatively, vacant possession can be offered for those that would like to enjoy the property themselves.

Council Rates: $1,590 per annum (approx)
Area Under Title: 117m2
Year Built: 1996
Status: Tenanted on a Periodical Lease
Zoning: MR (Medium Density)
Body Corporate: Altitude Property Management
Body Corporate Fees: Admin Fund $720 per Quarter
Sinking Fund $193.50 per Quarter

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Property History for 2/40 Lorna Lim Tce, Driver, NT 0830

A timeline of how this property has performed in the market
Last Sold
$260,000
20 May 2009
Listed for Rent
$370/w
08 Jun 2022
  • 26 May 2022
    Listed for Rent $370 / week
  • 30 Nov 2020
    Listed for Rent $265 / week
  • 03 Feb 2020
    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 7 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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