22 Bowrey CrescentFarrar NT 0830
Property Details for 22 Bowrey Cres, Farrar
Last Listing description (August 2020)
Tucked away in a private side street that only sees local traffic and is ringed with a belt of native bushlands that screen it from the street, this corner allotment is zoned MD and is perfect for the investor seeking an opportunity to build for returns or an owner wanting a bigger than normal block of land.
The spacious 805m2 lot has dual access via a corner allotment allowing you to have a duplex dwelling with seemingly separate identities.
The concept plans have been created by a well-known architect and the duplex concept had previously been approved by Development Consent Authority. Concept plans for an alternative 2 storey design can also be provided.
Farrar is a family-oriented neighbourhood with plenty of parklands and play areas for the kids along with schools and day care options as well as play groups and more.
Located under 3 minutes from the heart of the Palmerston CBD and nearby to the new Palmerston Hospital, new Palmerston Police Station and close to the Gateway Shops - this block is in a prime position.
Cleared and ready to start foundation works, blocks like this don't come up very often so now is a great time to buy.
Property History for 22 Bowrey Cres, Farrar, NT 0830
- 14 Aug 2020Sold for $265,000
- 28 Aug 2019Listed for Sale $339,000
- 19 Jan 2009Sold for $120,000
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0About 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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