OFF MARKET

1/8 Malabar Court
Larrakeyah NT 0820

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 79m2
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Property Details for 1/8 Malabar Ct, Larrakeyah

1/8 Malabar Ct, Larrakeyah is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 79m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
1985
Floor Size
66m2
Land Size
79m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 1248/OP 001226

Last Listing description (March 2022)

The ground floor two bedroom unit is located at the rear of the complex of only 9 units.

The fully tiled, freshly painted unit has an open plan living/ dining area and a separate kitchen.
The living area opens onto a small courtyard.

Both bedrooms are roomy in size and have new robes with mirror sliding doors.
The laundry facilities are located within the main bathroom.
The unit is fully air conditioned and there is a single undercover carport.
The unit is within walking distance to Darwin CBD, Mindil Beach and Cullen Bay.
As an investment expect gross returns between 5.8% and 6%

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Property History for 1/8 Malabar Ct, Larrakeyah, NT 0820

A timeline of how this property has performed in the market
Last Sold
$265,000
23 Dec 2021
  • 23 Dec 2021
    Sold for $265,000
  • 28 Sep 2021
    Listed for Sale $280,000
  • 14 Nov 2005
    Sold for $215,000
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About Larrakeyah 0820

The size of Larrakeyah is approximately 2 square kilometres. It has 8 parks covering nearly 5.3% of total area. The population of Larrakeyah in 2011 was 3,242 people. By 2016 the population was 3,723 showing a population growth of 14.8% in the area during that time. The predominant age group in Larrakeyah is 20-29 years. Households in Larrakeyah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Larrakeyah work in a professional occupation. In 2011, 37.4% of the homes in Larrakeyah were owner-occupied compared with 32.3% in 2016.

Larrakeyah has 2,248 properties. Over the last 5 years, Houses in Larrakeyah have seen a 9.15% increase in median value, while Units have seen a 20.17% increase. As at 31 October 2024:

  • The median value for Houses in Larrakeyah is $842,504 while the median value for Units is $417,373.
  • Houses have a median rent of $770 while Units have a median rent of $580.
There are currently 21 properties listed for sale, and 17 properties listed for rent in Larrakeyah on OnTheHouse. According to CoreLogic's data, 124 properties were sold in the past 12 months in Larrakeyah.

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