OFF MARKET

7 Magoffin Street
Farrar NT 0830

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
Floor area: 121m2
Land area: 654m2
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Property Details for 7 Magoffin St, Farrar

7 Magoffin St, Farrar is a 4 bedroom, 2 bathroom House with 3 parking spaces and was built in 2006. The property has a land size of 654m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in December 2018.

Building Type
House
Year Built
2006
Floor Size
121m2
Land Size
654m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 8157/S2006/202

Last Listing description (April 2019)

Phone Enquiry ID: 63435
Situated just minutes to the Palmerston CBD is another solid home built by Beare Homes back in 2008 when the popular family suburb of Farrar was established.
The open-plan living that flows to the all important outdoor area, with cleverly designed cross flow ventilation, is a signature feature from Beare Homes who have decades of building properties to suit the tropical climate of the NT. A large resort sized in-ground pool adds to the lifestyle factor for the new home owners, especially with the hotter months just around the corner.

The modern kitchen is perfectly designed for those who enjoy entertaining. It has a large island bench central to the heart of the house and it overlooks the rear outdoor area, complete with a servery window. There's no shortage of storage space with a large double door pantry, overhead cupboards and under bench storage and drawers.
The lounge and dining areas sit adjacent to the kitchen and being open plan, there is easy access to the front and rear verandahs and the kids can be seen from literally anywhere in the main living zone of the house.
The generous sized main bedroom is at the rear of the home which gives parents much appreciated privacy. It has a 'his and her walk-thru robes' with mirrored doors which then lead through to the ensuite. The remaining 3 bedrooms are all spacious with built in robes and more than enough room for queen sized beds, desks and other bedroom furniture.
The main bathroom features a tub which is a bonus for families with younger children. An outdoor laundry area means space inside the home isn't wasted and you can make the most of undercover outdoor drying space which is handy in the wet season.
The outdoor area at the rear of the home is where you'll spend the majority of your time. The full length verandah is also wide enough to provide protection from the elements but makes a great spot for watching the summer storms and lightning shows over the ridges and creekbeds on the horizon that Farrar has become famous for.
The kids will love the space to run and play in the back yard as well as the pool (which can be easily seen from the dining room and kitchen inside) and a large shade sail provides plenty of protection during the hotter times of the year. A 9m2 garden shed has heaps of room for the tools and extra storage.
There's a 2 car carport at the front of the house which gives you direct covered entry into the home and to top it all off, an extra parking space to the side of the house perfect for the quintessential NT boat or camper trailer! A large full width gate also allows direct access down the side of the house to the back yard.
The entire home has full security screens and doors, ceiling fans and split-system air-conditioners throughout. All the extras included!! And an established yard with landscaped garden beds means the work outside is done as well. Just walk right in and start enjoying your new home!!
Bus Route 74 stops on Farrar Boulevard - a short walk from your front door and all there's a choice of schools, shops and all amenities you could want. All only a few minutes drive (or walk!) including the newly opened $300M Palmerston Gateway shopping hub that features more than 120 retailers and food outlets, Events Cinemas, the latest nightclub and a choice of restaurants - even family friendly ones!
This property is currently rented at $550pw representing great value for investors returning around 5%pa.
The owners are reluctantly selling but are motivated and ready to discuss offers. Don't waste time - this one will not last long.
Phone Enquiry ID: 63435

Property History for 7 Magoffin St, Farrar, NT 0830

A timeline of how this property has performed in the market
Last Sold
$490,000
18 Dec 2018
Listed for Rent
$570/w
21 Apr 2017
  • 18 Dec 2018
    Sold for $490,000
  • 21 Feb 2018
    Listed for Sale Offers over $545,000
  • 21 Mar 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 5 properties listed for sale, and 4 properties listed for rent in Farrar on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in Farrar.

Suburb Insights for Farrar 0830

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.