SOLD
RECENT ADVICE
Sold on 25 Oct 2024 for $355,000

5/3 Morinda Street
Larrakeyah NT 0820

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 135m2
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Property Details for 5/3 Morinda St, Larrakeyah

5/3 Morinda St, Larrakeyah is a 2 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a floor size of 135m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Apartment sold in Larrakeyah in the last 12 months.

Building Type
Apartment
Floor Size
135m2

Last Listing description (October 2024)

Welcome to 5/3 Morinda Street, Larrakeyah - your gateway to urban living and an excellent investment opportunity! This unique property features 2 bedrooms, 2 bathrooms, and 2 undercover parking spaces, perfect for small families or couples seeking a cozy retreat. With 135 sqm of space, it offers comfortable living and a solid yield of 7%.

This beautiful gem showcases city views from the balcony, providing a bird's-eye view of the vibrant neighborhood. Inside, you'll discover meticulous interior design and top-quality finishes.

Nestled in a private corner, this oasis offers tranquility amidst the city's vibrancy. Shops, restaurants, and parks are all within walking distance, ensuring convenience and enjoyment.

Seize the opportunity to make this Larrakeyah gem your own - contact us today for a viewing and start your urban dream!

Features:
• Bright open-plan living and dining area with access to a breezy balcony.
• User-friendly kitchen with ample counter and storage space.
• Master bedroom complete with its own ensuite bathroom.
• Separate laundry equipped with a spacious built-in linen cupboard.
• Cool, low-maintenance tiles and split system air conditioning throughout.
• Undercover parking available for 2 cars along with a private lock-up storeroom.

Key Details:
• Year built: 2000
• Body corporate fees: $1145pq including Sinking Fund
• Council rates: $1600pa
• Possession: Tenanted at $490 Per week till March 2025

Property History for 5/3 Morinda St, Larrakeyah, NT 0820

A timeline of how this property has performed in the market
Last Sold
$355,000
25 Oct 2024
Listed for Rent
$490/w
28 Feb 2024
  • 11 Nov 2024
    Sold for $355,000
  • 09 Jan 2024
    Listed for Rent $490 / week
  • 24 Oct 2023
    Listed for Sale UNDER CONTRACT
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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 2,265 properties. Over the last 5 years, Houses in Larrakeyah have seen a 0.34% increase in median value, while Units have seen a 22.87% increase. As at 30 November 2024:

  • The median value for Houses in Larrakeyah is $760,370 while the median value for Units is $433,400.
  • Houses have a median rent of $720 while Units have a median rent of $580.
There are currently 19 properties listed for sale, and 12 properties listed for rent in Larrakeyah on OnTheHouse. According to CoreLogic's data, 128 properties were sold in the past 12 months in Larrakeyah.

Suburb Insights for Larrakeyah 0820

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Akansh Batta
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Glenn Grantham
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Raine & Horne Darwin
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.