SOLD
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Sold on 01 Jul 2024 for $2,825,000

73 Sabine Road
Millner NT 0810

Bedrooms: 18
Bathrooms: 18
Car spaces: 9
Floor area: 867m2
Land area: 867m2
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Property Details for 73 Sabine Rd, Millner

73 Sabine Rd, Millner is a 18 bedroom, 18 bathroom Unit with 9 parking spaces. The property has a land size of 867m2 and floor size of 867m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 18 bedroom Unit sold in Millner in the last 12 months.

Building Type
Unit
Floor Size
867m2
Land Size
867m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 12379/UTS2015/050

Last Listing description (August 2024)

Explore this Outstanding Investment Opportunity!!

Meticulously cared for, this modern, well maintained, thoughtfully designed complex offers 9 x 2-bedroom units each with ensuite to master, fully tiled and airconditioned throughout and storeroom adjacent to the secure carparking.

? Massive 8% gross yield (7% Net)

? $242,540 current rental return per annum
? 9 x 2 bedroom, 2 bathroom units
? Low vacancy, long term tenants
? Individually Strata titled complex
? Built 2014 - (great depreciation available)
? Complex has an Elevator for convenience
? Intercom access and remote control gate
? Secure undercover carparking
? Storage rooms adjacant carparks
? Self managed Body corp
? Professionally rental managed by Real Estate Central
? All in excellent condition with great tenants

Boasting a strategic location within walking distance to the Millner Primary School, a mere stroll away from Jape Homemaker Village and centrally located to the Darwin CBD, Casuarina Shopping Centre, Marrara Sporting complex and Darwin International Airport, this property offers unparalleled convenience.

The exterior of the building has been rejuvenated with a fresh coat of neutral paint complemented by vibrant, fully irrigated gardens creating an inviting ambiance.

Contact me now for full details and to arrange a viewing!

Ingoings -
Rent: $242,840 ($510 -540pw each)

Outgoings -
Total Outgoings: $34250 (approx) see below

Itemised outgoings -
Council Rates: Approx. $14,320 per annum total (Approx.$1700 per unit)
Insurance: $7,130.00 (approx)
Water and Sewerage: Approx. $3,371 per annum (approx)
Other outgoings: $9450 per annum (approx)

Other details -
Year Built: 2014
Zoning: MR (Medium Density)
Status: Full Occupancy - All apartments rented through Real Estate Central
Body Corporate: Self-Managed
Vendors Conveyancer: Aquarius Conveyancing

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Property History for 73 Sabine Rd, Millner, NT 0810

A timeline of how this property has performed in the market
Last Sold
$2,825,000
01 Jul 2024
Listed for Rent
$420/w
28 Aug 2017
  • 01 Jul 2024
    Sold for $2,825,000
  • 08 May 2024
    Listed for Sale Not Disclosed
  • 01 Feb 2024
    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 7 properties listed for sale, and 2 properties listed for rent in Millner on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Millner.

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