4/8 Banyan StreetFannie Bay NT 0820
Property Details for 4/8 Banyan St, Fannie Bay
4/8 Banyan St, Fannie Bay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 53m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
Last Listing description (July 2024)
Phone enquiries - please quote property ID 33317.
Rare Gem:
Seize the rare opportunity to acquire an entry-level property in the prestigious locale of Fannie Bay, just moments away from the iconic East Point Reserve. This affordable one-bedroom unit offers the perfect blend of convenience and low-maintenance living, making it an ideal choice for individuals, couples, or astute investors seeking to enhance their portfolio.
Convenient Lifestyle:
Boasting one bedroom and one bathroom, this unit is within walking distance of the renowned East Point Reserve, Fannie Bay Shopping Village, and the popular Cool Spot Cafe. With proximity to Parap primary and pre-schools, the Aquatic Centre, Parap Shopping Village, Darwin Middle School, and the Trailer Boat Club, residents will enjoy easy access to a plethora of lifestyle amenities. The Darwin CBD is also just minutes away, with public transport readily available if needed.
Versatile Living Space:
Spanning a total of 53 square meters under the title, this unit presents a blank canvas for further renovation opportunities. Recent refurbishments include a renovated bathroom and replacement of carpets throughout. Split-system air conditioning ensures comfort throughout the unit. The open living/kitchen area creates a welcoming atmosphere, leading seamlessly to the dining area, ideal for hosting guests and entertaining.
Tranquil Neighborhood:
Nestled in a quiet and friendly complex of 11 units, this property offers a serene retreat for residents. Shared laundry facilities and a single-car park add to the convenience of living in this desirable location.
Investment Potential:
Currently leased until 01/08/2024 at $300 per week, with the potential to increase to $350, this property presents an attractive investment opportunity. Whether retaining the current tenant and extending the lease or occupying the unit personally, this is a chance to experience the benefits of residing in one of Darwin's most exclusive suburbs at an affordable price point.
Don't Miss Out:
Don't let this opportunity pass you by. Contact us today to arrange a viewing and secure your foothold in the prestigious Fannie Bay neighbourhood.
DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.
Property History for 4/8 Banyan St, Fannie Bay, NT 0820
- 12 Mar 2024Listed for Sale $240,000 to $265,000
- 09 Nov 2020Listed for Rent $250 / week
- 07 Oct 2020Sold for $180,000
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0About 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 1,510 properties. Over the last 5 years, Houses in Fannie Bay have seen a 35.82% increase in median value, while Units have seen a 16.51% increase. As at 31 July 2024:
- The median value for Houses in Fannie Bay is $962,789 while the median value for Units is $428,931.
- Houses have a median rent of $850 while Units have a median rent of $550.
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