OFF MARKET

9/7 Mueller Road
Malak NT 0812

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 81m2
Land area: 188m2
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Last updated 11 Nov 2024
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Property Details for 9/7 Mueller Rd, Malak

9/7 Mueller Rd, Malak is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1995. The property has a land size of 188m2 and floor size of 81m2.

Building Type
Unit
Year Built
1995
Floor Size
81m2
Land Size
188m2
Local Government
Darwin

Last Listing description (April 2024)

Nestled in the established northern suburb of Malak, Unit 9 at 7 Mueller Road is an ideal first home or an opportunity for a savvy investor

Current owner has modernized the home to blend style with practicality. Step into a space that looks and feels great, featuring a thoughtful layout that caters to the needs of contemporary living

An attractive option for those looking to enhance their investment portfolio or move into their first home

What sets this home apart is the inclusion of a private spa and two courtyards, front and back, creating your own oasis in the heart of Malak.

Imagine unwinding after a long day in the tranquility of your personal spa or hosting gatherings in the inviting courtyard space. These distinctive features elevate the property, providing residents with a unique and desirable living experience that goes beyond at typical unit.

Investors, take note! Unit 9 is not only a gem in terms of its features but also in its financial potential. Currently, the property is tenanted until April 2024, generating a steady income of $500 per week. This, coupled with a reasonable body corporate fee of $1073 per quarter makes this worth considering!

Two Bedroom ground level unit
Spa in your own private courtyard
Gated Carport for single vehicle
Spacious open plan lounge, dining & kitchen
Close to McMillans Road with easy access to Palmerston and CBD
Tenanted until April 2024 @ $500 per week

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Property History for 9/7 Mueller Rd, Malak, NT 0812

A timeline of how this property has performed in the market
Listed for Rent
$355/w
29 Jun 2018
  • 11 Dec 2023
    Listed for Sale $289,000
  • 06 Jun 2018
    Listed for Rent - Price not available
  • 26 Oct 2017
    Listed for Sale $325,000 negotiable
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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 1,156 properties. Over the last 5 years, Houses in Malak have seen a 22.48% increase in median value, while Units have seen a 41.59% increase. As at 31 October 2024:

  • The median value for Houses in Malak is $522,577 while the median value for Units is $315,426.
  • Houses have a median rent of $590 while Units have a median rent of $450.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Malak on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Malak.

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