OFF MARKET

1 Schultze Street
Larrakeyah NT 0820

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 142m2
Land area: 998m2
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Property Details for 1 Schultze St, Larrakeyah

1 Schultze St, Larrakeyah is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 998m2 and floor size of 142m2. While the property is not currently for sale or for rent, it was last sold in April 2020.

Building Type
House
Year Built
1970
Floor Size
142m2
Land Size
998m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 3414/B 000009

Last Listing description (March 2020)

Text '1SCH' to 0472 880 252 for all property information.

Seize this fantastic opportunity to secure a rare 1,253sqm corner block in a prime Larrakeyah location. Renovate or detonate the existing four-bedroom home to add significant value, or knock it down and build the exact home you want. The huge block is ideally set opposite Temira Street Park, a short stroll to Larrakeyah Primary School, and close to Cullen Bay, Mindil Beach Markets, the casino and Darwin City.


- Massive 1,253sqm block in prime Larrakeyah location
- Renovate or detonate
- Enormous potential to create your dream home
- Easement free block so opportunities are endless
- Existing four bedroom elevated has some cyclone Marcus damage
- Fantastic location set between Cullen Bay, Schools, and plenty more
- See us on site for more

Blocks of this size are a rare find in this prime location and this property offers enormous potential whether youre an owner/occupier wanting to create your dream home or an investor seeking to explore the possible lucrative redevelopment potential.

The house is a traditional elevated with 3 bedrooms upstairs with louvre windows and timber floors; there is a 4th bedrooms downstairs. During cyclone Marcus its received some slight damage so bring your tradie or your builder to consider your options.

This huge property will be hotly sought-after among owner/occupiers and investors alike.

Auction: Tuesday, 7th April 2020 @ 6PM, On Site
Council Rates: Approx. $3,745 per annum
Area Under Title: 1253 sqm
Zoning: SD (Single Dwelling)
Status: Vacant Possession
Settlement period: 30 days
Deposit: 10% or variation on request
Easements as per title: (none found)

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Property History for 1 Schultze St, Larrakeyah, NT 0820

A timeline of how this property has performed in the market
Last Sold
$741,000
29 Apr 2020
Listed for Rent
$550/w
07 Oct 2010
  • 29 Apr 2020
    Sold for $741,000
  • 19 Mar 2020
    Listed for Sale Auction
  • 13 May 2015
    Listed for Sale FROM $1.22M
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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 2,247 properties. Over the last 5 years, Houses in Larrakeyah have seen a 15.68% increase in median value, while Units have seen a 9.87% increase. As at 30 September 2024:

  • The median value for Houses in Larrakeyah is $893,649 while the median value for Units is $438,170.
  • Houses have a median rent of $800 while Units have a median rent of $580.
There are currently 23 properties listed for sale, and 13 properties listed for rent in Larrakeyah on OnTheHouse. According to CoreLogic's data, 120 properties were sold in the past 12 months in Larrakeyah.

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