OFF MARKET

4/3 Montoro Court
Larrakeyah NT 0820

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 65m2
Land area: 66m2
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Last updated 14 Oct 2024
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Property Details for 4/3 Montoro Ct, Larrakeyah

4/3 Montoro Ct, Larrakeyah is a 2 bedroom, 1 bathroom Unit and was built in 1994. The property has a land size of 66m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in February 2015.

Building Type
Unit
Year Built
1994
Floor Size
65m2
Land Size
66m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 1289/B 000332

Last Listing description (October 2024)

This cool apartment is located in the premier suburb of Larrakeyah. Positioned on the first floor of this boutique development (1 of 6) and only minutes from all amenities sits a fantastic opportunity for the first home buyer or anyone looking for a low maintenance rental property. This renovated two-bedroom, one bathroom apartment is centrally located and is within easy reach of Cullen Bay, Mindil Beach & Gardens Golf Course and switch directions and you have the CBD, shopping, restaurants, nightclubs & entertainment almost at your doorstep.
Property Features:
- First floor of small complex of 6 units

- Perfect AirBnB or short-term leasing opportunity
- Low Body Corp Fees
- Generous kitchen with electric stove, plenty of bench & cupboard space
- Good sized bedrooms with split system air conditioning
- Built in robes in both bedrooms
- Cool tiles throughout and cross-ventilation
- Bathroom with full sized bath and shower over
- On site parking for one car
Inner city setting only moments from the CBD 2 minutes walk to the CBD. Drop the daily commute in favour of more exercise or a trip on an e-scooter Great school zoning such as Larrakeyah Primary School, Darwin Middle and High School.
Council Rates: approx. $1678.21 p.a.
Area Under Title: 66 sqm
Year built: 1994
Status: Vacant Possession
Body Corporate: Whittles Body Corporate approx. Levy: $737 per quarter (Admin Fund $719+ Sinking Fund $18)
Current Rental Appraisal $500 per week
Settlement Period: 30 Days or variation on request

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Property History for 4/3 Montoro Ct, Larrakeyah, NT 0820

A timeline of how this property has performed in the market
Last Sold
$325,000
27 Feb 2015
Listed for Rent
$450/w
23 Aug 2024
  • 23 Aug 2024
    Listed for Rent $450 / week
  • 26 Jul 2024
    Listed for Sale $299,000
  • 07 Sep 2017
    Listed for Rent - Price not available
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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 24 properties listed for sale, and 12 properties listed for rent in Larrakeyah on OnTheHouse. According to CoreLogic's data, 121 properties were sold in the past 12 months in Larrakeyah.

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