SOLD
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Sold on 15 May 2024 for $3,000,000

20 Gothenburg Crescent
Stuart Park NT 0820

Bedrooms: 30
Bathrooms: 15
Car spaces: 18
Land area: 1300m2
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Property Details for 20 Gothenburg Cres, Stuart Park

20 Gothenburg Cres, Stuart Park is a 30 bedroom, 15 bathroom BlockOfUnits with 18 parking spaces. The property has a land size of 1300m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 30 bedroom BlockOfUnits sold in Stuart Park in the last 12 months.

Building Type
BlockOfUnits
Land Size
1300m2
Local Government
Darwin

Last Listing description (May 2024)

Discover this excellent investment opportunity, ideally located on the fringe of Darwin's CBD in the Heart of Stuart Park. It is a once in a lifetime unique multi residential property looking for a new owner!

This prime location offers direct access to the city, and is only walking distance to Tipperary Waters.

The current owner has put a lot of care and effort into the maintenance and refurbishment of the units and has taken considerable time to personally oversee the quality upgrades and improvement of individual units and shared facilities. Boasting 15 x 2 Bedroom-1 Bathroom Units, many have been repainted, along with bathroom and kitchen upgrades.

Of the shared amenities there has been refurbishment of the pool area and upgrades to a children's fenced play area for residents. The External building has been repainted with neutral tones along with vibrant plants (fully irrigated) positioned to create a fresh and welcoming atmosphere.

All units are currently under the one title, so there are many potential investment opportunities - You could buy and keep as a retirement / investment fund, or potentially strata title the units.

Seeking an investment that combines luxury and profitability? Convert the units into short-term rentals and unlock the potential for lucrative returns.

Take advantage of the high demand for accommodations in this prime location and let Gothenburg Crescent become your gateway to financial success.

With its direct access to the city, Gothenburg Crescent ensures you're always connected to the vibrant energy and countless amenities that Stuart Park has to offer.

Passionate about making a difference? Help shape a thriving neighbourhood where everyone can find their place to call home. Don't miss out on this extraordinary opportunity. Contact us now to come a view for yourself!

• Currently earning 6.5% rental income return with potential for much more.
• 15 x Individual 2 Bedroom Units
• Many of the units have been painted and had remodeling done to the kitchens and bathrooms
• Caretakers Unit currently available - live onsite or rent out for more income
• Swimming Pool with raised deck area
• 18 x Carparks
• Kids play area with pool fencing to help keep them safe
• BBQ and Basketball Hoop out the front
• Close knit community of tenants, a great atmosphere and place to live
• Walking distance to Dinah Beach Oval
• On the edge of the Darwin CBD
• Close to multiple schools and ideal for people working in the city or Winnellie

Property History for 20 Gothenburg Cres, Stuart Park, NT 0820

A timeline of how this property has performed in the market
Last Sold
$3,000,000
15 May 2024
Listed for Rent
$400/w
10 Oct 2015
  • 15 May 2024
    Sold for $3,000,000
  • 01 May 2024
    Listed for Sale UNDER CONTRACT
  • 03 Feb 2022
    Listed for Sale $3,690,000
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About Stuart Park 0820

The size of Stuart Park is approximately 2.3 square kilometres. It has 9 parks covering nearly 3.8% of total area. The population of Stuart Park in 2011 was 3,748 people. By 2016 the population was 4,159 showing a population growth of 11.0% in the area during that time. The predominant age group in Stuart Park is 20-29 years. Households in Stuart Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stuart Park work in a professional occupation. In 2011, 40.7% of the homes in Stuart Park were owner-occupied compared with 37.2% in 2016.

Stuart Park has 2,662 properties. Over the last 5 years, Houses in Stuart Park have seen a 23.82% increase in median value, while Units have seen a 30.62% increase. As at 31 July 2024:

  • The median value for Houses in Stuart Park is $839,361 while the median value for Units is $430,054.
  • Houses have a median rent of $655 while Units have a median rent of $570.
There are currently 46 properties listed for sale, and 22 properties listed for rent in Stuart park on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Stuart park.

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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.