SOLD
Sold on 11 Nov 2024 for $250,000

5/19 Lorna Lim Terrace
Driver NT 0830

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 76m2
Land area: 105m2
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Property Details for 5/19 Lorna Lim Tce, Driver

5/19 Lorna Lim Tce, Driver is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 105m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Driver in the last 12 months.

Building Type
Unit
Year Built
1999
Floor Size
76m2
Land Size
105m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 3214/S 85/138

Last Listing description (November 2024)

To view webbook with more property information text 19LOR to 0488 810 057

The Darwin Market has long been known as Solid Investment Ground. This property more than ticks The Boxes. Rented at $390 per week for Two Years (Exp Feb 2026), you can sit back and watch the money roll in.

Drenched with sunlight, this second floor apartment is filled with natural light and offers views over the streetscape to the parklands beyond with cool breezes.

Tucked into a complex setting with a towering driveway leading through to the rear parking bays, the property has stair access through to the second floor with a small front landing so you can kick off your shoes or display some plants if you like.

Inside the home is the kitchen with wrap around hard wearing laminate counters and a servery counter with overhead cupboards as well. The dining room has sliding doors through to the sun drenched balcony that basks in the afternoon rays. The balcony has the clothes line ? perfect and the views over the streetscape to the park in the distance.

The living areas also have tiled flooring and banks of louvered windows to let in the natural light. This living room has ample space for relaxing and reading a book or snuggling up for the TV.

Down the hallway are two bedrooms each with a built in robe and windows to let in the gentle breezes. The bathroom has a vanity with built in storage space plus a shower.
Located a short walk to the Palmerston Golf Club and Tavern, there is the golf course and Durack Lakes across the road and the CBD is less then 5 minutes up the road.

Located only moments from parklands for the kids to explore, local schools, day cares, Marlow Lagoon dog park and BMX along with the Palmerston CBD for Friday night markets in the quarter.

Features to Love:
? Two bedroom apartment in a complex setting
? Gated entry at the rear allowing access to the major retailers across the road
? Bus stop across the road for an easy commute
? Two bed rooms with built in robes and A/C
? Bathroom has a shower and vanity with storage
? Kitchen has wrap around counters with a servery to the dining room adjacent
? Sliding door from the dining area to the balcony
? Balcony hosts the clothes line and basks in the afternoon sun
? Balcony has views over the streetscape with the parklands beyond
? Two bedrooms each with a robe and tiled flooring
? Parking at the rear of the complex or on the leafy streetscape
? Second floor apartment with stair access and small front landing

Council Rates: Approx. $1853 per annum
Area Under Title: 105 square metres
Zoning: MR (Medium Density)
Status: Tenanted until 23 February 2026 at $390 per week
Body Corporate: Whittles Body Corporate
Body Corporate Levies: Approx. $865 per quarter
Settlement period: 30 days or variation on request
Deposit: $20,000 or variation on request

Property History for 5/19 Lorna Lim Tce, Driver, NT 0830

A timeline of how this property has performed in the market
Last Sold
$250,000
11 Nov 2024
Listed for Rent
$390/w
11 Mar 2024
  • 11 Nov 2024
    Sold for $250,000
  • 19 Jul 2024
    Listed for Sale SOLD
  • 10 Apr 2024
    Listed for Sale Not Disclosed
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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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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.