SOLD
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Sold on 12 Sep 2024 for $125,000

22/52 Gregory Street
Parap NT 0820

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 18m2
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Property Details for 22/52 Gregory St, Parap

22/52 Gregory St, Parap is a 1 bedroom, 1 bathroom Unit. The property has a floor size of 18m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Parap in the last 12 months.

Building Type
Unit
Floor Size
18m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 6646/UP 97/040

Last Listing description (September 2024)

Located in the iconic section of Parap, the hotel style unit can be rented out long term, or short term stays, including through the hotel pool.
Across the road from the acclaimed Parap markets and shopping precinct, it can be used as your own central base in Darwin if you work away, or short term holiday style rental.

Featuring:

• Freshly painted and updated
• Fully furnished studio apartment is ready to go, includes everything you see, bed, fridge and TV
• Spacious closet and room for desk and chairs
• Fully tiled modern ensuite
• Pool in complex for residents and guests
• Laundry facilities on site
• Proven Air BNB popularity
• Projected yield from hotel pool is $800-$1,000 per month, season dependent

Tropics and timber meet to create a charming space to relax, whether that's for a night or longer!

Council rates- $1,425 approx/ annum
Body Corporate- $827 per quarter approx. (including electricity)

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Property History for 22/52 Gregory St, Parap, NT 0820

A timeline of how this property has performed in the market
Last Sold
$125,000
12 Sep 2024
Listed for Rent
$200/w
09 May 2019
  • 12 Sep 2024
    Sold for $125,000
  • 18 Jan 2024
    Listed for Sale $125,000
  • 07 Oct 2022
    Sold for $115,000
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About Parap 0820

The size of Parap is approximately 1.1 square kilometres. It has 11 parks covering nearly 11.7% of total area. The population of Parap in 2011 was 1,975 people. By 2016 the population was 2,759 showing a population growth of 39.7% in the area during that time. The predominant age group in Parap is 30-39 years. Households in Parap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parap work in a professional occupation. In 2011, 45.6% of the homes in Parap were owner-occupied compared with 34.1% in 2016.

Parap has 1,843 properties. Over the last 5 years, Houses in Parap have seen a 26.66% increase in median value, while Units have seen a 22.34% increase. As at 31 August 2024:

  • The median value for Houses in Parap is $790,711 while the median value for Units is $339,941.
  • Houses have a median rent of $750 while Units have a median rent of $580.
There are currently 16 properties listed for sale, and 11 properties listed for rent in Parap on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in Parap.

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Contact agent
Paige Crow
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Raine & Horne Darwin
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