SOLD
Sold on 02 Oct 2024 for $252,500

5/25 Lorna Lim Terrace
Driver NT 0830

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 73m2
Land area: 84m2
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Property Details for 5/25 Lorna Lim Tce, Driver

5/25 Lorna Lim Tce, Driver is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1993. The property has a land size of 84m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Driver in the last 12 months.

Building Type
Unit
Year Built
1993
Floor Size
73m2
Land Size
84m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 3217/UP 93/052

Last Listing description (August 2023)

The Phone Code for this property is: 31722. Please quote this number when phoning or texting.

A prime investment to have a 1/12 share in the largest unit scheme in Lorna Lim Tce. Currently rented for $385pw for 12 month lease.

Key Features:
- Renovated 2 Bed x 1 Bath x 2 Car park unit with all sections Aircons.
- 1st Floor unit saving lights and cooling energy.
- Fully security screen and security door.
- Caged ceiling fan in kids room suitable for Bunk Bed set up.
- Large Kitchen with Stone bench-top.
- New Gloss Tiles and New Doors across all section
- Nice combinations of Tiles, Kitchen, Doors and Walls colours.
- Spacious Balcony with large cloth liner
- Large play and cycling area for kids at common land keeping kids safe from road.
- Fully painted from outside recently.
- Very low body corporate in comparison to other similar investment.
- Walking distance to Pubs, Shopping Center, School, Medical and Bus Stop.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property History for 5/25 Lorna Lim Tce, Driver, NT 0830

A timeline of how this property has performed in the market
Last Sold
$252,500
02 Oct 2024
Listed for Rent
$375/w
27 Mar 2017
  • 02 Oct 2024
    Sold for $252,500
  • 06 Jun 2021
    Listed for Sale 285000
  • 20 Mar 2017
    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 1,224 properties. Over the last 5 years, Houses in Driver have seen a 15.04% increase in median value, while Units have seen a 22.46% increase. As at 30 September 2024:

  • The median value for Houses in Driver is $418,347 while the median value for Units is $286,416.
  • Houses have a median rent of $550 while Units have a median rent of $445.
There are currently 17 properties listed for sale, and 3 properties listed for rent in Driver on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Driver.

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