OFF MARKET

8/25 Lorna Lim Terrace
Driver NT 0830

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 73m2
Land area: 84m2
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Last updated 18 Nov 2024
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Property Details for 8/25 Lorna Lim Tce, Driver

8/25 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 December 2012.

Building Type
Unit
Year Built
1993
Floor Size
73m2
Land Size
84m2
Local Government
Palmerston

Last Listing description (October 2023)

Welcome to this well maintained ground-level unit located in a convenient and sought-after location. This two-bedroom unit features an open plan design that maximizes space and functionality.

The master bedroom offers a built-in wardrobe, split system air conditioning, and direct access to the spacious two-way main bathroom

Second bedroom also includes built-in robes and split system air conditioning
Open plan living and dining area
The well-appointed kitchen features a practical benchtop, electric cooktop, and a large freezer
Internal laundry
Fully tiled and air-conditioned throughout
Parking for two vehicles

Situated in the peaceful Driver neighborhood, this home offers easy access to a range of amenities including shopping centers, schools, public transport, parks, and gardens. Its prime location also places it just moments away from the heart of Palmerston CBD.

Please note: All Raine & Horne properties must be inspected in person by at least one leaseholder before an application can be accepted.

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Property History for 8/25 Lorna Lim Tce, Driver, NT 0830

A timeline of how this property has performed in the market
Last Sold
$305,000
03 Dec 2012
Listed for Rent
$450/w
19 Sep 2023
  • 08 Sep 2023
    Listed for Rent $450 / week
  • 03 Dec 2012
    Sold for $305,000
  • 24 Mar 2012
    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 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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