Once In a Generation Offering!
Developers looking for their next project will see plenty of properties beating the INPEX drum, but nothing that is for sale on Mitchell Street??????.Look no further!
On the market is this extremely rare block of vacant land on one of Darwin???s famed streets. Lot 1212 is located on the western side of Mitchell Street, Larrakeyah. The land has the potential to be developed into 4 townhouses under the current zoning MD (Multiple Dwelling Residential). The property is rectangular in shape and is 1200m2, approximately 42.8m x 28m in dimensions.
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:
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