OFF MARKET

87 Ryland Road
Rapid Creek NT 0810

Bedrooms: 12
Bathrooms: 6
Car spaces: 10
Land area: 953m2
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Property Details for 87 Ryland Rd, Rapid Creek

87 Ryland Rd, Rapid Creek is a 12 bedroom, 6 bathroom Unit with 10 parking spaces and was built in 1970. The property has a land size of 953m2. While the property is not currently for sale or for rent, it was last sold in December 2019.

Building Type
Unit
Year Built
1970
Land Size
953m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 773/A 000300

Last Listing description (November 2019)

Text '87RYL' to 0488 810 057 for all property information.

Solid block of flats in great suburb.


Nothing complicated to manage: 6 units in total, three at ground level with front court yards and three upstairs with balconies, all with allocated parking within the complex.
Management costs kept at minimum as construction is clean and efficient: easy to maintain common areas and generous enough to make living in any of the units quite comfortable.

All 6 units of the complex are fully tiled with Air-Conditioning and full occupancy rate.

Each unit presents as follows:
- 2 air-conditioned bedrooms with built-in robes.
- Central bathroom with internal laundry.
- Open-plan air-conditioned living, dining and kitchen with breakfast bar.
- Sliding patio doors leading out to veranda.
- The 3 First floor units have balconies and breezes.
- The 3 Ground floor units have fenced grassed gardens.
- On the property exists a shed for maintenance items, an out of sight clothes drying area and covered carports.

The convenient sought-after location of this unit block is fantastic and has good Tenants.

Investments such as this are rare.

Excellent location up the road from Essington School, close to Tennis courts, Cafe Central/Butcher/Salon, Foreshore walking/fitness trail and just a few blocks to Rapid Creek shops/week-end markets, childcare centre, a community garden, and the beach. Bus stop at doorstep taking your tenants to Casurina Shopping Centre, CD University, Royal Darwin Hospital and the CBD.

Already thinking of a proposal for this owner? Lets get in touch and discuss it.


Year Built: 1982
Area Under Title: 953 sqm
Zoning: SD (Single Dwelling)
Status: 100% occupancy rate
Rental income per week: $1,870 pw
Rental income per annum: $97,240
Council Rates per annum: Approx. $8,400
Water sewage per annum: Approx. $5,000
Settlement period: 30 days
Deposit: 10% or variation on request
Easements as per title: Sewerage Easement to Power and Water Authority

Property History for 87 Ryland Rd, Rapid Creek, NT 0810

A timeline of how this property has performed in the market
Last Sold
$1,025,000
17 Dec 2019
  • 17 Dec 2019
    Sold for $1,025,000
  • 26 Feb 2019
    Listed for Sale Offers over $1.2M
  • 03 May 2017
    Listed for Sale $1,950,000
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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 1,641 properties. Over the last 5 years, Houses in Rapid Creek have seen a 70.34% increase in median value, while Units have seen a 10.12% increase. As at 31 October 2024:

  • The median value for Houses in Rapid Creek is $789,883 while the median value for Units is $353,413.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 13 properties listed for sale, and 11 properties listed for rent in Rapid creek on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Rapid creek.

Suburb Insights for Rapid Creek 0810

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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.