OFF MARKET

6/23 Lorna Lim Terrace
Driver NT 0830

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 94m2
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Property Details for 6/23 Lorna Lim Tce, Driver

6/23 Lorna Lim Tce, Driver is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1993. The property has a land size of 94m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
1993
Floor Size
86m2
Land Size
94m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 3216/S 85/138

Last Listing description (May 2023)

This apartment is a fantastic first step on the property ladder or an impressive addition to the portfolio of an astute investor with excellent rental and capital growth potential in a convenient location. Vacant and ready to occupy, inspect today with Sanj on 0477 550 818!

This first floor 3-bedroom apartment is conveniently located close to transport and shops in the suburb of Driver. Situated at the back of a quiet complex it has its own staircase and is fitted with security screens for added peace of mind.

Featuring plenty of natural light and a balcony with leafy green outlook, it is only walking distance to Oasis Shopping Centre, Palmerston CBD and bus interchange and only short drive to popular Gateway Shopping Centre. Invest today to secure 7% Gross Income Return or move in and get out of the rental market.


Features:
3 good size bedrooms
Low body corporate Fees
Tiled living areas and airconditioning throughout
Quiet location with private staircase and security screens
Larger balcony with treetop views
Shops, schools and transport are walking distance

Important Information
Year Built: 1993
Area Under Title: 94 sqm
Zoning: MR (Medium Density)
Status: Tenanted on a private/periodical lease
Rental Estimate: $400 - $430 per week
Council rates: $1768 per annum approximately
Whittles Body Corporate: $1271 per quarter approximately
Settlement period : 30 days or negotiable
Deposit: 10% or variation on request

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Property History for 6/23 Lorna Lim Tce, Driver, NT 0830

A timeline of how this property has performed in the market
Last Sold
$215,000
11 May 2023
Listed for Rent
$150/w
27 Jan 2001
  • 11 May 2023
    Sold for $215,000
  • 16 Nov 2022
    Listed for Sale UNDER CONTRACT
  • 29 Nov 2007
    Sold for $252,500
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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 1,226 properties. Over the last 5 years, Houses in Driver have seen a 23.12% increase in median value, while Units have seen a 25.80% increase. As at 30 November 2024:

  • The median value for Houses in Driver is $429,628 while the median value for Units is $296,563.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 11 properties listed for sale, and 5 properties listed for rent in Driver on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Driver.

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