OFF MARKET

29/18 Salonika Street
Parap NT 0820

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 106m2
Land area: 152m2
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Property Details for 29/18 Salonika St, Parap

29/18 Salonika St, Parap is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2014. The property has a land size of 152m2 and floor size of 106m2.

Building Type
Unit
Year Built
2014
Floor Size
106m2
Land Size
152m2
Local Government
Darwin

Last Listing description (July 2013)

Off The Plan - Settlement early 2014
Released back on the market today, this apartment represents outstanding value in what is without a doubt one of Darwin???s most sought after new residential developments. This is a golden opportunity for an investor to secure the lowest priced 2 bedroom apartment in the entire precinct while achieving excellent capital gains during the course of construction. A 3 year rental guarantee can be included if required.
??? Located in Stage 1 - ???Spirit on the Avenue???

??? Apartment 29 on Level 5
??? Apartment Type - ???The Concourse???
??? Total living ??? 114.8m2 (94.2m of living + 20.6m balcony)
??? 2 car parks on title
??? Body Corp - $1,325 per quarter (approx)
??? Council Rates $1,000 per year (approx)
??? Price - $589,000
??? Completion Date ??? early 2014
Purchasing Terms - 10% deposit of bank guarantee. Balance to be paid at settlement in early 2014.
Quality Fixtures & Finishes
??? Miele s/s appliances
??? Craftsmen built joinery
??? 9 foot ceilings
??? Imported floor tiles
??? Essa Stone bench tops in kitchen & bathrooms
??? Fibre optic cabling
??? Choice of three ultra modern colour selections
??? Award winning Signature security and building management system in all apartments.
Position
Superbly located on one of Darwin???s highest points in the Gardens??? Precinct. Overlooking Mindil Beach with sweeping views of the City and Darwin Harbour across the Botanical Gardens and sunset views of Fannie Bay to the west and north. On your doorstep are the Mindil and Parap markets, Ski Club, Sailing Club and Yacht Club. Conveniently located between major roads with ready access to bicycle and walking paths.
Darwin???s Leading Developer.
The winner of seven MBA awards for the Hastings Over Mindil development, Osborne Family Holdings (OFH), a Territory company, can rightly claim leading developer status in the NT.
The Avenue offers extremely reasonable body corporate rates. Compare our rates to what is on offer to other new developments around the CBD with our resort style amenitites (over 6,000m2 ) located on the podium level ???
??? Manicured lawns & fully maintained gardens
??? Enormous Leisure Pool with Sundeck & BBQ entertaining pod
??? 25m two lane Lap Pool
??? Flood lit Tennis court
??? Games Room
??? 120m2 gym
??? 9 x BBQ Entertaining Pods
??? Deck Chair Cinema
??? Barramundi Pond
??? Basketball Court
??? Children???s Playground
??? Function Room with kitchen & audio visual equipment
??? Sports Field
??? Vegetable Gardens
??? Bird Avery
??? Cricket nets
??? Mini Golf circuit
??? Golf Practice Nets
??? Oversized Board Games ??? Chess, Backgammon & Scrabble
The Avenue precinct will also feature a large variety of retail shops, restaurants, medical centre, child care centre and supermarket.
Full time onsite management team ensuring the complex is maintained to the highest standard.
Stage One - Spirit on The Avenue will be completed and ready to occupy by early 2014, allowing plenty of time for the apartments to appreciate in value.
Please visit our Sales Office in Nylander St, Parap to view a highly detailed scale model of the whole development and to obtain a comprehensive information pack. Alternatively please feel free to contact the Sales Manager on 0414 797 782 or email Manning Jackson (manning@ofh.com.au) for further information or www.ontheavenue.com.au

Property History for 29/18 Salonika St, Parap, NT 0820

A timeline of how this property has performed in the market
  • 11 Jan 2013
    Listed for Sale 589000
  • 24 Oct 2012
    Listed for Sale 589000

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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 1,833 properties. Over the last 5 years, Houses in Parap have seen a 21.57% increase in median value, while Units have seen a 27.70% increase. As at 31 October 2024:

  • The median value for Houses in Parap is $779,500 while the median value for Units is $325,196.
  • Houses have a median rent of $750 while Units have a median rent of $575.
There are currently 17 properties listed for sale, and 15 properties listed for rent in Parap on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Parap.

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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.