SOLD
RECENT ADVICE
Sold on 26 Mar 2024 for $670,000

20 Gumunggwa Street
Lyons NT 0810

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 352m2
Land area: 649m2
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Property Details for 20 Gumunggwa St, Lyons

20 Gumunggwa St, Lyons is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 649m2 and floor size of 352m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom House sold in Lyons in the last 12 months.

Building Type
House
Floor Size
352m2
Land Size
649m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 10409/LTO2009/06

Last Listing description (March 2024)

Rest easy with this secure investment home.

Leased to Australia's best residential tenant - Defence Housing.

The current lease runs until July 2027.

This is a substantial and modern home, in a highly sought-after suburb.

Here are some features -
* 4 bedrooms, main with ensuite
* All 4 bedrooms have tiled floors and built-in robes
* Separate family room
* The family and living areas adjoin the rear verandah
* The home is fully air-conditioned by split-system units
* Double lock-up garage with storage space and internal access
* 649sqm lot with a generous 25m frontage
* Side parking area for boat, trailer or caravan
* In a neighbourhood of similar-quality homes
* Casuarina Square, Hospital and University are all close by
* Darwin city rates approx. $1800p.a
* Garbage collection $334p.a

DHA Lease Summary
Lease end date: Late April 2027 (3 year option taken by DHA)
Current Rent For 2024: $830 per week
Nett monthly payment after DHA fees is approx. $3 013pcm

DHA Lease Options and Variations
Lease option: Up to 3-year lease-option period - Option just taken up by DHA
Right to vary: 1 x up to 12 months Reduction/Extension in the lease term

Note: The right to vary the term of the lease is at DHA's discretion.

* DHA guarantee to pay the rent even if the property is vacant.
* DHA Property Care, an all-inclusive service fee, covers a range of property-related services.
* The property is cleaned at the end of each tenancy period.
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement)
* A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions and
applies to commencement rent).

Investing with DHA - This property is for sale on behalf of a DHA lessor and has a DHA (Defence Housing Australia) lease in place.

Visit dha.gov.au to learn about the benefits of investing in DHA property.

DHA regulations mean that this property will be available for private inspection only and to prequalified buyers only.

The rent displayed is the 2024 rental figure.
Photos are supplied under agreement by DHA and are for illustration purposes only.

Property History for 20 Gumunggwa St, Lyons, NT 0810

A timeline of how this property has performed in the market
Last Sold
$670,000
26 Mar 2024
  • 08 Aug 2023
    Listed for Sale $690 000
  • 30 Apr 2012
    Sold for $730,000

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About Lyons 0810

The size of Lyons is approximately 1 square kilometres. It has 12 parks covering nearly 22.5% of total area. The population of Lyons in 2011 was 1,929 people. By 2016 the population was 2,302 showing a population growth of 19.3% in the area during that time. The predominant age group in Lyons is 0-9 years. Households in Lyons are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Lyons work in a professional occupation. In 2011, 27.2% of the homes in Lyons were owner-occupied compared with 30% in 2016.

Lyons has 750 properties. Over the last 5 years, Houses in Lyons have seen a 33.30% increase in median value, while Units have seen a 49.84% increase. As at 31 October 2024:

  • The median value for Houses in Lyons is $780,216 while the median value for Units is $699,759.
  • Houses have a median rent of $850 while Units have a median rent of $580.
There are currently 7 properties listed for sale, and 1 property listed for rent in Lyons on OnTheHouse. According to CoreLogic's data, 32 properties were sold in the past 12 months in Lyons.

Suburb Insights for Lyons 0810

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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.