OFF MARKET

7/50 Abbott Crescent
Malak NT 0812

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Land area: 3480m2
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Property Details for 7/50 Abbott Cres, Malak

7/50 Abbott Cres, Malak is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1984. The property has a land size of 3480m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in May 2017.

Building Type
Unit
Year Built
1984
Floor Size
80m2
Land Size
3480m2
Local Government
Darwin
Lot/Plan
Loc 685 Lot 6689/UP 84/107

Last Listing description (May 2017)

Tucked away in the ever-popular northern suburbs and surrounded by immaculate tropical gardens, this sheltered rear unit is full of character, and will appeal to both first homebuyers or an astute investor seeking good rental returns.

- Large living and dining?room

- Airy, light kitchen with galley-style breakfast bar
- All bedrooms have built-in robes
- Beautifully maintained tropical gardens
- Sizeable patio area at the rear
- In-ground spa
- Secluded rear unit

The open-plan design of this property's living and dining area is apparent upon entry. Cool floor tiles combined with large windows and classic interior provide this area with a bright and airy atmosphere.

The adjoining kitchen services this area thanks to a long, galley-style breakfast bar. The timber underbench cabinets provide a good amount of storage, and the upright cooker is of benefit too.

Both bedrooms are quite large and have built-in wardrobes, in addition to being fully carpeted. The main bathroom is a good size and has shower-over bath.

Outside is where the property really makes its mark. The large front yard displays immaculate established gardens. A large paved entertainment area at the rear is fully covered, and adjoins the large in-ground spa with both protected from the sun by a shade sail and luxuriant palm trees.

Additional features include a decent-sized storage room, ceiling fans, air-conditioning and an attached carport for undercover parking, with additional off-street parking available in the driveway.

This property, positioned near one of Darwin's biggest growth areas and only moments from all amenities, may require a bit of TLC. But for those willing to apply a bit of elbow grease, could add potential value for those wanting to invest in the area or flip to maximize their profits.

Property History for 7/50 Abbott Cres, Malak, NT 0812

A timeline of how this property has performed in the market
Last Sold
$280,000
03 May 2017
  • 03 May 2017
    Sold for $280,000
  • 24 Feb 2017
    Listed for Sale UNDER OFFER
  • 14 Jun 2016
    Listed for Sale $375,000
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About Malak 0812

The size of Malak is approximately 1.8 square kilometres. It has 6 parks covering nearly 14.9% of total area. The population of Malak in 2011 was 3,309 people. By 2016 the population was 2,997 showing a population decline of 9.4% in the area during that time. The predominant age group in Malak is 30-39 years. Households in Malak are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Malak work in a professional occupation. In 2011, 57.2% of the homes in Malak were owner-occupied compared with 58.8% in 2016.

Malak has 1,161 properties. Over the last 5 years, Houses in Malak have seen a 19.17% increase in median value, while Units have seen a 17.29% increase. As at 31 August 2024:

  • The median value for Houses in Malak is $517,273 while the median value for Units is $281,608.
  • Houses have a median rent of $600 while Units have a median rent of $420.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Malak on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Malak.

Suburb Insights for Malak 0812

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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.