OFF MARKET

31 Larapinta Drive
Gillen NT 0870

Bedrooms: 6
Bathrooms: 5
Car spaces: 5
Floor area: 46m2
Land area: 1100m2
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Property Details for 31 Larapinta Dr, Gillen

31 Larapinta Dr, Gillen is a 6 bedroom, 5 bathroom Unit with 5 parking spaces and was built in 1972. The property has a land size of 1100m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in September 2017.

Building Type
Unit
Year Built
1972
Floor Size
46m2
Land Size
1100m2
Local Government
Alice Springs
Lot/Plan
Loc 010 Lot 1803/OP 001325

Last Listing description (September 2017)

Very rare offering, four, one bedroom units and one, two bedroom unit on one title and all rented. The one bedroom units have been upgraded with the two bedroom unit in need of some work when the long term tenant moves on. With income potential of $1,300pw or $67,600pa this is a great investment property. They have enjoyed a very high occupancy rate in their history and would compliment any investors property portfolio.
4 x 1 bedroom units and 1 x 2 bedroom unit
All units fully tiled throughout

Units included electric stove, fridge, microwave and washing machine
Each unit has access to its own yard
Split system air conditioner and ceiling fan in living rooms
$250pw for 1 bedroom units
$300pw for 2 bedroom unit
Situated on Larapinta Drive close to the Milner Road intersection this complex is close to shops, schools, Clubs and a short stroll to the CBD or the Elder Street Industrial area.
Priced to sell we would recommend you act quickly and arrange an inspection so you can see for yourself. With the potential to strata title (subject to planning approvals and compliance to the Units Titles Act) this property will provide long term secure revenue with the potential for capital growth.
Contact Andrew Doyle to discuss and arrange an inspection. Inspections by appointment only.

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Property History for 31 Larapinta Dr, Gillen, NT 0870

A timeline of how this property has performed in the market
Last Sold
$685,103
18 Sep 2017
  • 18 Sep 2017
    Sold for $685,103
  • 23 May 2017
    Listed for Sale $685,000

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About Gillen 0870

The size of Gillen is approximately 2.6 square kilometres. It has 13 parks covering nearly 8% of total area. The population of Gillen in 2011 was 4,417 people. By 2016 the population was 4,290 showing a population decline of 2.9% in the area during that time. The predominant age group in Gillen is 30-39 years. Households in Gillen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gillen work in a professional occupation. In 2011, 54.5% of the homes in Gillen were owner-occupied compared with 54.6% in 2016.

Gillen has 1,972 properties. Over the last 5 years, Houses in Gillen have seen a 3.05% increase in median value, while Units have seen a -5.79% decrease. As at 31 October 2024:

  • The median value for Houses in Gillen is $423,515 while the median value for Units is $254,934.
  • Houses have a median rent of $560 while Units have a median rent of $410.
There are currently 19 properties listed for sale, and 6 properties listed for rent in Gillen on OnTheHouse. According to CoreLogic's data, 76 properties were sold in the past 12 months in Gillen.

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