SOLD
Sold on 05 Jul 2024 for $205,000

4/23 Lorna Lim Terrace
Driver NT 0830

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 84m2
Land area: 94m2
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Property Details for 4/23 Lorna Lim Tce, Driver

4/23 Lorna Lim Tce, Driver is a 3 bedroom, 1 bathroom Unit and was built in 1995. The property has a land size of 94m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom Unit sold in Driver in the last 12 months.

Building Type
Unit
Year Built
1995
Floor Size
84m2
Land Size
94m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 3216/UP 93/004

Last Listing description (July 2024)

Located at the front of the complex, with your own private balcony, this is an opportunity to invest or get your foot in the property market.
Approximate rental return of 7.8%! Currently rented until July 2024

Featuring:

Updated kitchen with stone bench tops, dishwasher and modern appliances
Spacious living/ dining area
Updated flooring and air conditioned throughout
2 bedrooms with built in robes and split system air- conditioning
3rd bedroom perfect for a study or kid's play room
Bathroom is also renovated, with a shower over bath
Internal laundry
Parking right at the front of your unit

Council rates-$1853 per annum approx.
Body corporate- $1,517 per quarter approx.

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Property History for 4/23 Lorna Lim Tce, Driver, NT 0830

A timeline of how this property has performed in the market
Last Sold
$205,000
05 Jul 2024
Listed for Rent
$400/w
14 Jun 2023
  • 05 Jul 2024
    Sold for $205,000
  • 14 Jun 2023
    Listed for Rent $400 / week
  • 10 May 2023
    Listed for Sale $265,000
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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 1,229 properties. Over the last 5 years, Houses in Driver have seen a 19.77% increase in median value, while Units have seen a 25.92% increase. As at 31 July 2024:

  • The median value for Houses in Driver is $421,563 while the median value for Units is $288,124.
  • Houses have a median rent of $550 while Units have a median rent of $440.
There are currently 18 properties listed for sale, and 4 properties listed for rent in Driver on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in Driver.

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