2 Scott CourtFarrar NT 0830
Property Details for 2 Scott Ct, Farrar
Last Listing description (November 2023)
1- 1.5 radial kilometres from Palmerston Post Office.
2- 800 radial metres to the new Palmerston Police Station
3- 1.6 radial kilometres to the Gateway Shopping Centre.
5- 500 radial metres to the newly opened Palmerston Regional Hospital
There have been a number of landmark new developments completed and pending surrounding the Palmerston CBD in recent years, as shown above these include the new Palmerston Police Station the Palmerston Regional Hospital and the Gateway Shopping Centre, these three developments are significant employment centres and also offer amenity and services to the immediate area.
This proposed development area is at the north western end of Farrar and has direct access to Temple Terrace, Roystonea Avenue and the Stuart Highway
2 Scott Court is a prime parcel of land in the developed suburb of Farrar. Located just a 5 minute drive to the Gateway Shopping Centre or a short walk to the new Palmerston police station or Palmerston Regional Hospital. The land is zoned LMR and has 2,100sqm on title.
With the property measuring 2,100sqm and under the NT planning scheme, the property allows for seven townhouses with yard and patio areas. The current plans allow for seven, 2 bedroom, 2 bathroom units. Each unit receives 2 covered parking spaces and the average units living area is 128sqm with a 15sqm patio and a 42sqm yard area.
The property represents a great opportunity for developers and investors to acquire a quality LMR site in Palmerston. The site comes with development concepts prepared (subject to planning approval) and design layout as shown in the property pictures. There are also opportunities for a single house or multiple houses on the parcel.
For more information Please call Sam Moore 0484 923 077 or Lee Doyle 0403 348 243.
Property History for 2 Scott Ct, Farrar, NT 0830
- 15 Jul 2021Listed for Sale $750,000
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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 24.90% increase in median value, while Units have seen a 32.79% increase. As at 31 October 2024:
- The median value for Houses in Farrar is $587,257 while the median value for Units is $368,625.
- Houses have a median rent of $655 while Units have a median rent of $580.
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