OFF MARKET

4/29 Parap Road
Parap NT 0820

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Land area: 73m2
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Property Details for 4/29 Parap Rd, Parap

4/29 Parap Rd, Parap is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 73m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
Unit
Year Built
1983
Floor Size
68m2
Land Size
73m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 3463/C 000026

Last Listing description (January 2020)

Incredible ownership and investment opportunity! Two-bedroom apartment in the centre of Parap! Literally wake up on a Saturday morning and be in line for a famous Soup or Laska within one minute! Walk a minute more and enjoy a refreshing drink and a meal at the Parap hotel. Not only that, the convenience of the shops and easy commute to the CBD, East Point or clubs on the foreshore cannot be beaten.

Neat and tidy 2-bedroom apartment on the 1st floor, in the leafy blue-ship suburb of Parap. Its a tightly held complex for a reasonthey are awesome apartments!!


Features at a glance:

* Spacious open plan design 1st floor apartment
* Two large bedrooms both with A/C
* Kitchen has ample bench space for preparing meals
* Cool tiles under foot throughout the property
* Large balcony looking out onto the Parap village area
* Long term tenant of 10 years for those looking for an investment
* Friendly complex of families give it a real community feel
* Only across the road from some of the best shops and restaurants in Darwin
* Location central to the whole of the Darwin area

Dont miss this opportunity!

Other relevant information:

Area Under Title: 74 square metres
Body Corporate Fees: $928.60 per quarter (approx.)
Body Corporate: Altitude Management
Council Rates: $1,276 per annum (approx.)
Property Status: Long term tenant paying $300 per week on periodical lease

Auction Wednesday 16th October 5:30 PM @ Darwin Corporate Park Berrimah- 631 Stuart Hwy, Berrimah NT 0828

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Property History for 4/29 Parap Rd, Parap, NT 0820

A timeline of how this property has performed in the market
Last Sold
$177,000
19 Nov 2019
Listed for Rent
$200/w
14 Dec 2005
  • 19 Nov 2019
    Sold for $177,000
  • 05 Oct 2018
    Listed for Sale $269,000
  • 02 Nov 2007
    Sold for $73,388
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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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