OFF MARKET

16 Sabine Road
Millner NT 0810

Bedrooms: 9
Bathrooms: 5
Car spaces: 10
Land area: 905m2
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Property Details for 16 Sabine Rd, Millner

16 Sabine Rd, Millner is a 9 bedroom, 5 bathroom Unit with 10 parking spaces. The property has a land size of 905m2. While the property is not currently for sale or for rent, it was last sold in August 2019.

Building Type
Unit
Land Size
905m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 1434/A 000350

Last Listing description (October 2024)

A rare, readymade investment opportunity, this property offers the chance to own a standalone residential investment comprising five separate flats.

All five flats are currently tenanted, and the ultra-convenient location and mixture of accommodation ensures solid ongoing rental prospects. The accommodation includes one x 3 bedroom flat, two x 1 bedroom flats and two x 2 bedroom flats.

The flats provide an entry level of accommodation so vacant tenancies has never been a problem.

The property is located in the central suburb of Millner, which close to local schools and shops. It is within close proximity to all services and amenities including schools, shops and public transport.

Unit 1 Rented $345 p/w
Unit 2 Rented $350 p/w
Unit 3 Rented $320 p/w
Unit 4 Rented $340 p/w
Unit 5 Rented $320 p/w

Rent = $1675 p/w = $87,100 p/y

For more information about this property including lease and rental appraisal, text 16SBN to 0488 810 057

More Information:
Year Built: 1982
Area Under Title: 905 square meters
Status: Rent = $1675 p/w = $87,100 p/y
Yield: 8.06%
Zoning: LR (Low Density Residential)
Council Rates: $8400 per annum (approx.)
Body Corporate: Self-Managed
Vendors Conveyancer: Lawlab Conveyancing Darwin
Settlement period: 45 days
Deposit: 10% or variation on request
Easements as per title: None found

Property History for 16 Sabine Rd, Millner, NT 0810

A timeline of how this property has performed in the market
Last Sold
$897,500
08 Aug 2019
  • 16 Oct 2024
    Listed for Sale Under Contract
  • 08 Aug 2019
    Sold for $897,500
  • 17 May 2019
    Listed for Sale Not Disclosed
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About Millner 0810

The size of Millner is approximately 1.5 square kilometres. It has 7 parks covering nearly 16.6% of total area. The population of Millner in 2011 was 2,465 people. By 2016 the population was 2,559 showing a population growth of 3.8% in the area during that time. The predominant age group in Millner is 30-39 years. Households in Millner are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Millner work in a professional occupation. In 2011, 55.2% of the homes in Millner were owner-occupied compared with 50.1% in 2016.

Millner has 1,197 properties. Over the last 5 years, Houses in Millner have seen a 26.54% increase in median value, while Units have seen a 23.96% increase. As at 31 October 2024:

  • The median value for Houses in Millner is $547,370 while the median value for Units is $302,759.
  • Houses have a median rent of $550 while Units have a median rent of $475.
There are currently 6 properties listed for sale, and 3 properties listed for rent in Millner on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Millner.

Suburb Insights for Millner 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.