OFF MARKET

2/3 Inverway Circuit
Farrar NT 0830

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 98m2
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Last updated 28 Oct 2024
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Property Details for 2/3 Inverway Cct, Farrar

2/3 Inverway Cct, Farrar is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 2016. The property has a floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in February 2022.

Building Type
House
Year Built
2016
Floor Size
98m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 14486/UTS2016/026

Last Listing description (August 2024)

This modern apartment uses quality finishes and a great design to create an easy living lifestyle of luxury.

The layout is cleverly set out with the kitchen and dining area separate to the living room but still maintaining the open-planned space. The living room flows seamlessly on to the private rear patio with a courtyard that is pleasantly landscaped with beautiful rock gardens and low maintenance irrigated plants.

The master bedroom has its own private ensuite and both bedrooms have mirrored built in robes, the two rooms are located at separate ends of the apartment for privacy.

A covered car port and entry to the apartment provide a safe place to park your cars and shelter from our inclement weather.

Property Code: 664

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Property History for 2/3 Inverway Cct, Farrar, NT 0830

A timeline of how this property has performed in the market
Last Sold
$1,600,000
16 Feb 2022
Listed for Rent
$550/w
19 Jul 2024
  • 19 Jul 2024
    Listed for Rent $550 / week
  • 13 Jan 2023
    Listed for Rent - Price not available
  • 16 Feb 2022
    Sold for $1,600,000
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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.

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