OFF MARKET

12/89 Aralia Street
Rapid Creek NT 0810

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 39m2
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Property Details for 12/89 Aralia St, Rapid Creek

12/89 Aralia St, Rapid Creek is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 39m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
1980
Land Size
39m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 8685/S 78/086

Last Listing description (May 2023)

Text 89ARA to 0472 880 252 for more property information

Calling all savvy investors looking for fantastic rental yield (10% plus) look no further than right here at these two excellent offerings being Unit 12/89 Aralia & 2/91 Aralia. Both units are now vacant and ready to be sold. Rental appraisal for units are between $320-$350 per week. Both units are owned by same owner; who has made fantastic returns through the years, but now is time to sell and move onto other ventures.

Unit 12/89 is a one bedroom unit on the ground floor; spacious open plan living encompassing lounge/dining & kitchen. Separate large one bedroom with en-suite. One car park bay allocated to this unit under title. Selling $165,000.

Unit 2/91 is a bedsitter, also on the ground floor in a secure complex, with large swimming pool. There is also one car park bay allocated to this unit under title. Selling $139,000.

Within a few minutes's walk is popular Nightcliff foreshore & Rapid Creek beach, which is literally at your doorstep as are magical sunsets each evening! So close to everywhere: markets, Charles Darwin University, Nightcliff Foreshore; parks.

These units are perfect to add to your investment portfolio with its great rental yields.

Council Rates: Approx. $1400 per annum
Area Under Title: 52 msq
Zoning: MR (Medium Density)
Status: Vacant Possession
Body Corporate: Whittles Body Corp
Body Corp Levies: Approx. $850 per quarter
Rental Estimate: Approx $350 per week
Deposit: 10% or variation on request
Easements as per title: None Found

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Property History for 12/89 Aralia St, Rapid Creek, NT 0810

A timeline of how this property has performed in the market
Last Sold
$160,000
22 May 2023
Listed for Rent
$280/w
16 Mar 2022
  • 22 May 2023
    Sold for $160,000
  • 28 Mar 2023
    Listed for Sale UNDER CONTRACT
  • 02 Mar 2022
    Listed for Rent $280 / week
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About Rapid Creek 0810

The size of Rapid Creek is approximately 1.8 square kilometres. It has 7 parks covering nearly 44.9% of total area. The population of Rapid Creek in 2011 was 3,267 people. By 2016 the population was 3,290 showing a population growth of 0.7% in the area during that time. The predominant age group in Rapid Creek is 30-39 years. Households in Rapid Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rapid Creek work in a professional occupation. In 2011, 46.1% of the homes in Rapid Creek were owner-occupied compared with 43.9% in 2016.

Rapid Creek has 1,649 properties. Over the last 5 years, Houses in Rapid Creek have seen a 29.74% increase in median value, while Units have seen a 5.42% increase. As at 31 August 2024:

  • The median value for Houses in Rapid Creek is $748,753 while the median value for Units is $343,501.
  • Houses have a median rent of $600 while Units have a median rent of $490.
There are currently 14 properties listed for sale, and 13 properties listed for rent in Rapid creek on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Rapid creek.

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