3 Inverway CircuitFarrar NT 0830
Property Details for 3 Inverway Cct, Farrar
3 Inverway Cct, Farrar is a 10 bedroom, 8 bathroom Unit with 2 parking spaces and was built in 2016. The property has a land size of 1200m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in January 2015.
Last Listing description (February 2022)
Looking to kick off your investment opportunity in the Top End, well look no future. This tidy, well maintained, low maintenance 4 x pack of units has just hit the market.
Complex is strata titled, NO BODY CORPORATE only strata insurance for an annual fee.
Annual income: $99,320
Gross Rental Yield: Approx. 6.21%
Unit 1:
Lease: 22/01/2022
Configuration 3 Bed x 2 x bath 2 x car
Rental Income: $440pw
Area Under Title: 367sqm
Rates: $1,737 per annum
Unit 2:
Lease: 21/07/2022
Configuration 2 Bed x 2 x bath 2 x car
Rental Income: $545pw
Area Under Title: 233sqm
Rates: $1,737 per annum
Unit 3:
Lease: 18/04/2022
Configuration 2 Bed x 2 x bath 2 x car
Rental Income: $520pw
Area Under Title: 211sqm
Rates: $1,737 per annum
Unit 4:
Lease: 29/01/2022
Configuration 3 Bed x 2 x bath 2 x car
Rental Income: $405pw
Area Under Title: 22sqm
Rates: $1,737 per annum
Property Code: 398
Property History for 3 Inverway Cct, Farrar, NT 0830
- 22 Oct 2021Listed for Sale UNDER CONTRACT
- 04 Jul 2016Listed for Rent - Price not available
- 05 Aug 2015Listed for Sale PRICE UPON APPLICATION
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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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