2/3 Morinda St, Larrakeyah is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 133m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Located in Darwin's prime suburb that is Larrakeyah, this two bedroom, two bathroom unit is the perfect avenue to secure a foothold in the property market.
Let's take a look. The owner occupier. With location being key to all successful property purchases, the location speaks for itself. With only 9 units in the complex, there's never a sense of being in a large complex. Walk or ride to all the conveniences you need, with everything at your doorstep. Not right in the city, just a little out. Perfect. Utilise the convenience of the CBD or Cullen Bay, both within walking distance.
Situated on the first floor with both front and rear balconies, the property is generous in space and practical in layout. With a lounge and dining area the separation of that space is great. Kitchen is ready for an upgrade, though totally fine for the time being. Both bedrooms also open to the rear balcony so capturing the evening breezes is assured.
With stamp duty savings about to expire, the time is now to secure your own property and participate in the Australian dream of home ownership. This is where it begins.
For the investor. Prime suburb, absolute convenience. Two bedrooms (main with ensuite), two bathrooms. No lift in the complex. Low rental vacancies throughout Darwin and the complex is well built and low in maintenance. Body corporate rates will also appeal to both investor and owner occupier at around $1k per qtr. Expect to be positively geared.
Key points:
• 2 Bed / 2 bathrooms
• 2 Undercover car spaces with storage room
• Separate internal laundry / drying area
• Front and rear balconies
• Built-in robes in both bedrooms
• Air conditioned throughout
Contact darren@elders for further information and to arrange viewing times.
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:
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