5 Hong StreetGillen NT 0870
Property Details for 5 Hong St, Gillen
5 Hong St, Gillen is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 1486m2 and floor size of 223m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (June 2024)
With a rental potential of over $800.00 per week this property is worthy of serious consideration. This cul-de-sac location is positioned on the edge of the CBD on an allotment of 1,450 sq metres and zoned (MR) Medium Density.
This is a perfect opportunity for redevelopment or to move in and consider the potential for the future.
There are two dwellings at the address. One is a typical original Territorian home built in the early 60's and has some renovations. There are three bedrooms, one being enormous while the other two are considered average size. There are built in robes to all bedrooms, the main bedroom is double the expected size and there is one bathroom with a separate toilet.
The lounge room has a stone feature fireplace with a slow combustion heater built in. Large windows allow lots of natural filtered light and timber panelling tells of the era. The upgraded galley style kitchen has a dishwasher and gas cooking. A spacious sunroom/family room doubles with laundry facilities.
An independent self-contained and fully fenced one-bedroom studio has its own driveway and front and rear verandahs. There is an additional study or storage area as well as a well-equipped kitchen, designated dining, lounge, bathroom and laundry. The gardens are manicured and there is a garden shed as well.
Other structures include a powered garage or workshop and a large storage shed. There is plenty of scope for improvements inside and out of the main residence.
This is the ideal framework for any enthusiastic builder, developer or handyperson looking for a project. Live in one while working on the other!
Council Rates: $3,302.32 p.a.
- Two residences potential for two incomes
- Original 60’s three-bedroom home plus studio
- 1,450 allotment zoned (MD) Medium Density
- Small cul-de-sac location, 5 mins walk to town
- Separate self-contained, fully fenced studio
- Large powered workshop, plus large shed
Property History for 5 Hong St, Gillen, NT 0870
- 08 Dec 2023Listed for Rent $670 / week
- 15 Feb 2022Sold for $690,000
- 16 Nov 2021Listed for Sale $650,000
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0About 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.
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