100 Wyatt RoadMarrakai NT 0822
Property Details for 100 Wyatt Rd, Marrakai
Last Listing description (October 2020)
This is a great piece of land which features
* Approx 70 acres of virgin land
* Some fencing in place
* Dry block
* Several potential building sites
* Short drive to the Corroboree Park Tavern
* Located on school bus route
The current owners have been in discussions with NT planning about the options to subdivide as they have undertaken the land suitability study and have commenced costing the power and road works to allow for a development proposal submission. This information can be provided to the purchasers to continue the application process if there is a desire to look at these options.
This property has various potential options regardless but with the opportunity and the possibility of subdivision providing the required application and compliance to Part 5 of the Planning Act is met.
Once developed based upon land sales in the area you could double your investment as the block has the potential to return 4 parcels of approximately 15 acres each taking road access into consideration.
Property History for 100 Wyatt Rd, Marrakai, NT 0822
- 28 Jun 2017Listed for Sale $235,000
- 01 Sep 2012Listed for Sale Not Disclosed
- 29 Apr 2010Listed for Sale 450000
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0About Marrakai 0822
The size of Marrakai is approximately 2,207.2 square kilometres. It has 3 parks covering nearly 32.9% of total area. The population of Marrakai in 2011 was 495 people. By 2016 the population was 527 showing a population growth of 6.5% in the area during that time. The predominant age group in Marrakai is 50-59 years. Households in Marrakai are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Marrakai work in a managers occupation. In 2011, 73% of the homes in Marrakai were owner-occupied compared with 79.2% in 2016.
Marrakai has 348 properties. Over the last 5 years, Houses in Marrakai have seen a -6.19% decrease in median value. As at 31 October 2024:
- The median value for Houses in Marrakai is $440,080 while the median value for Units is $255,072.
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