SOLD
Sold on 23 Sep 2024 for $285,000

11/8 Banyan Street
Fannie Bay NT 0820

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 84m2
Sold By
Colliers Darwin
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Property Details for 11/8 Banyan St, Fannie Bay

11/8 Banyan St, Fannie Bay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 84m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Fannie Bay in the last 12 months.

Building Type
Unit
Year Built
1989
Floor Size
58m2
Land Size
84m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 1777/UP 94/016

Last Listing description (October 2024)

Terrific opportunity for first home buyer or investor.

Fabulous ground level unit within minutes to Lake Alexander & the East Point Reserve.

Both bedrooms are spacious, have built in robes and are fully air conditioned.

Neatly presented, freshly painted with potential to update further.

Private rear backyard with plenty of space.

The unit is in a complex of only 11 units.

Fantastic highly sought after Fannie Bay location.

Annual Council Rates - $1,900.00
Qrtly BC Fees - $1,097.00
($995.00 Admin Fund & $102.00 Sinking Fund)

Property History for 11/8 Banyan St, Fannie Bay, NT 0820

A timeline of how this property has performed in the market
Last Sold
$285,000
23 Sep 2024
Listed for Rent
$400/w
18 Apr 2023
  • 23 Sep 2024
    Sold for $285,000
  • 27 May 2024
    Listed for Sale Not Disclosed
  • 18 Apr 2023
    Listed for Rent $400 / week
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About Fannie Bay 0820

The size of Fannie Bay is approximately 2.1 square kilometres. It has 15 parks covering nearly 38.7% of total area. The population of Fannie Bay in 2011 was 2,514 people. By 2016 the population was 2,623 showing a population growth of 4.3% in the area during that time. The predominant age group in Fannie Bay is 30-39 years. Households in Fannie Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fannie Bay work in a professional occupation. In 2011, 48.1% of the homes in Fannie Bay were owner-occupied compared with 51.4% in 2016.

Fannie Bay has 1,513 properties. Over the last 5 years, Houses in Fannie Bay have seen a 22.47% increase in median value, while Units have seen a 14.01% increase. As at 30 November 2024:

  • The median value for Houses in Fannie Bay is $884,376 while the median value for Units is $410,799.
  • Houses have a median rent of $815 while Units have a median rent of $573.
There are currently 10 properties listed for sale, and 9 properties listed for rent in Fannie bay on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Fannie bay.

Suburb Insights for Fannie Bay 0820

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Disclaimer
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.