OFF MARKET

41 Progress Drive
Nightcliff NT 0810

Bedrooms: 12
Bathrooms: 12
Car spaces: 12
Land area: 2400m2
Improve this data
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low
High
Share
Save

Property Details for 41 Progress Dr, Nightcliff

41 Progress Dr, Nightcliff is a 12 bedroom, 12 bathroom Unit with 12 parking spaces. The property has a land size of 2400m2. While the property is not currently for sale or for rent, it was last sold in February 2003.

Building Type
Unit
Land Size
2400m2
Local Government
Darwin

Last Listing description (June 2023)

Territory Real Estate is proud to present this amazing opportunity for investors/developers to secure. The Consortium of Owners are offering the site - Offers Over $3,850,000 Considered.

The property has 12 x 2 bedroom units and receives a rental income of approximately $238,000 per annum.

The site is currently zoned MR under Northern Territory Planning Scheme 2020 and can facilitate a varied outcome of land uses including residential, commercial, retail and childcare Centre.

The site was identified as an 'area for change' and is within the 'Activity Centre' as defined within the Darwin Mid-Suburbs Area Plan in NT Planning Scheme.

The site has also been identified of high value for mixed uses with planning objectives including a mix of residential, commercial, retail, community and retail floor space.

The site therefore has the potential to greatly increase in density and development yield. The NT Planning Scheme identifies the site as having a built form of "Up to six Stories"

Input and Assumptions - 6 floors (Total 52 units plus 300m2 Commercial + 300m2 Retail)
Site Area 2,400m2
1 Bedroom units 12 - Net floor space 85m2 (Percentage of total 23%)
2 bedroom units 20 - Net floor space 145m2 (Percentage of total 39%)
3 bedroom units 17 - Net floor space 190m2 (Percentage of total 32%)
4 bedroom units 3 - Net floor space 220m2 (Percentage of total 6%)
Commercial - Net floor space 300m2
Retails - Net floor space 300m2

Act now as this property can sell at anytime!

Contact Stuart Rodda on 0424 780 982

Show More

Property History for 41 Progress Dr, Nightcliff, NT 0810

A timeline of how this property has performed in the market
Last Sold
$800,000
07 Feb 2003
Listed for Rent
$330/w
13 Jul 2015
  • 17 Feb 2021
    Listed for Sale Offers Over $3,850,000 Considered
  • 22 Jun 2015
    Listed for Rent - Price not available
  • 09 Oct 2004
    Listed for Sale Not Disclosed
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

About Nightcliff 0810

The size of Nightcliff is approximately 1.5 square kilometres. It has 6 parks covering nearly 6.5% of total area. The population of Nightcliff in 2011 was 3,654 people. By 2016 the population was 3,838 showing a population growth of 5.0% in the area during that time. The predominant age group in Nightcliff is 30-39 years. Households in Nightcliff are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Nightcliff work in a professional occupation. In 2011, 46% of the homes in Nightcliff were owner-occupied compared with 40.4% in 2016.

Nightcliff has 2,183 properties. Over the last 5 years, Houses in Nightcliff have seen a 41.13% increase in median value, while Units have seen a 26.11% increase. As at 31 October 2024:

  • The median value for Houses in Nightcliff is $809,029 while the median value for Units is $333,018.
  • Houses have a median rent of $650 while Units have a median rent of $485.
There are currently 24 properties listed for sale, and 12 properties listed for rent in Nightcliff on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Nightcliff.

Nightcliff Profile Page

Suburb Insights for Nightcliff 0810

Visit Nightcliff profile page
Market Insights
Nightcliff Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Nightcliff Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Nightcliff profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED