OFF MARKET

7/89 Farrar Boulevard
Farrar NT 0830

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 69m2
Land area: 191m2
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Property Details for 7/89 Farrar Bvd, Farrar

7/89 Farrar Bvd, Farrar is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2014. The property has a land size of 191m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Year Built
2014
Floor Size
69m2
Land Size
191m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 13026/UTS2015/007

Last Listing description (June 2023)

Built in 2015 this low maintenance complex has its first unit for sale.

This ground floor unit is in an unbeatable location within easy distance to Palmerston Shopping Centre, Palmerston GP Super Clinic, the up and coming Gateway Shopping Centre, Palmerston Regional Hospital as well as the newly established Mackillop Catholic College. Located just 3kms from the Palmerston CBD, you will enjoy the convenience of exploring shops, restaurants, library and much, much more.
In the residential suburb of Farrar, this refreshingly gem could be your next great investment!

* Low maintenance private yard suitable to a small pet and storage shed
*2 generous sized bedrooms with built-in wardrobes & mirrored sliding doors
*Fully air conditioned with tiled floors throughout
*Security screen doors & windows
*2 undercover car spaces in carport
*NBN ready
*191m2 under title
*Body corp - North Management $842
.83 pq
* Leased to CEO of Housing at $520pw & under management through Venture Housing

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Property History for 7/89 Farrar Bvd, Farrar, NT 0830

A timeline of how this property has performed in the market
Last Sold
$335,000
23 Jun 2023
Listed for Rent
$294/w
17 Oct 2017
  • 23 Jun 2023
    Sold for $335,000
  • 15 Mar 2023
    Listed for Sale Not Disclosed
  • 16 May 2017
    Listed for Rent - Price not available
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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.
There are currently 8 properties listed for sale, and 3 properties listed for rent in Farrar on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Farrar.

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