OFF MARKET

1 Inverway Circuit
Farrar NT 0830

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 1230m2
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Property Details for 1 Inverway Cct, Farrar

1 Inverway Cct, Farrar is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 2011. The property has a land size of 1230m2. While the property is not currently for sale or for rent, it was last sold in June 2010.

Building Type
House
Year Built
2011
Land Size
1230m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 8248/S2005/224A

Last Listing description (November 2011)

Fantastic New Units
Once in a while a special development comes on the market offering the complete package:
Quality Finishes, Unique Modern Design, Private Courtyard, Great Location!

Located in Farrar a new suburb of Palmerston, surrounded by quality private homes, these fantastic brand new units will be highly sought after and absolutely perfect for the first home buyers; and for the investors, there is great depreciation benefits, as well as potential for good capital growth and rental returns; or for those wanting to downsize from a large house to a modern unit with very little maintenance and upkeep.
Located in a small complex of only 4, these units are striking in boldness of colour and innovative in design with its impressive roofline in the carport, allowing for plenty of height to accommodate a caravan/campervan. Internally, there are two different modern floor plans to choose from. However the same high standards of quality finishes can found throughout
All the units have: 2 bedrooms, 2 bathrooms, double carport and private courtyard.
Features also include:
Quality Daikin ducted air-conditioner in the lounge/dining and kitchen area
Solar Hot Water System
Security Screens on all windows
Great modern kitchen with ample cupboards and room for dishwasher
Floor tiles throughout
Individual water meter
Each bedroom has mirrored robes and Daikin inverter air-conditioner
Master bedroom has bonus of an ensuite; and floor to ceiling tiling
Main bathroom is spacious with floor to ceiling tiling
Private garden courtyard with reticulation system
These brand new units are arguably the best on the market today in terms of quality finishes, design, location and price!

Property History for 1 Inverway Cct, Farrar, NT 0830

A timeline of how this property has performed in the market
Last Sold
$489,500
15 Jun 2010
  • 11 Mar 2011
    Listed for Sale OFFERS INVITED
  • 15 Jun 2010
    Sold for $489,500
  • 10 Nov 2008
    Sold for $300,000
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About Farrar 0830

The size of Farrar is approximately 1.5 square kilometres. It has 4 parks covering nearly 7.2% of total area. The population of Farrar in 2011 was 1,409 people. By 2016 the population was 1,500 showing a population growth of 6.5% in the area during that time. The predominant age group in Farrar is 30-39 years. Households in Farrar are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Farrar work in a trades occupation. In 2011, 56.5% of the homes in Farrar were owner-occupied compared with 52% in 2016.

Farrar has 680 properties. Over the last 5 years, Houses in Farrar have seen a 31.49% increase in median value, while Units have seen a 32.13% increase. As at 30 September 2024:

  • The median value for Houses in Farrar is $601,430 while the median value for Units is $369,078.
  • Houses have a median rent of $675 while Units have a median rent of $580.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Farrar on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Farrar.

Suburb Insights for Farrar 0830

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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.