SOLD
Sold on 04 Nov 2024 for $295,000

185 Paterson Street
Tennant Creek NT 0860

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 70m2
Land area: 1000m2
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Property Details for 185 Paterson St, Tennant Creek

185 Paterson St, Tennant Creek is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 1000m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 4 bedroom Unit sold in Tennant Creek in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
70m2
Land Size
1000m2
Local Government
Barkly
Lot/Plan
Loc 730 Lot 16/OP 001134

Last Listing description (November 2024)

Ready to make your dream a reality and become a landlord? Is this what you have been waiting for? A 1000 square metre property could be purchased today with tenants in place and providing a good rental return of $760 per week.

There are two privately built two-bedroom units and are in high demand when vacancies occur. The air-conditioned units have received some recent upgrading and make for pleasant living. The front unit has been painted inside and out. Covered off street parking is a bonus.

This address occupies a prominent and central position on the main street within walking distance to most of the popular amenities.

This small complex is an ideal entry asset for the smart investor. Tennant Creek has produced excellent returns over many years and with all that is on the horizon for the area, the possibilities are only positive.

Council rates $3863 per annum
Rental $760 per week

Property History for 185 Paterson St, Tennant Creek, NT 0860

A timeline of how this property has performed in the market
Last Sold
$295,000
04 Nov 2024
  • 04 Nov 2024
    Sold for $295,000
  • 13 Aug 2024
    Listed for Sale $430,000
  • 17 Aug 2016
    Sold for $290,000
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About Tennant Creek 0860

The size of Tennant Creek is approximately 42.1 square kilometres. It has 13 parks covering nearly 1.3% of total area. The population of Tennant Creek in 2011 was 3,060 people. By 2016 the population was 2,984 showing a population decline of 2.5% in the area during that time. The predominant age group in Tennant Creek is 20-29 years. Households in Tennant Creek are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tennant Creek work in a professional occupation. In 2011, 34.6% of the homes in Tennant Creek were owner-occupied compared with 29.7% in 2016.

Tennant Creek has 1,516 properties. Over the last 5 years, Houses in Tennant Creek have seen a 21.97% increase in median value, while Units have seen a 168.47% increase. As at 30 November 2024:

  • The median value for Houses in Tennant Creek is $238,491 while the median value for Units is $160,659.
  • Houses have a median rent of $440.
There are currently 3 properties listed for sale, and 1 property listed for rent in Tennant creek on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Tennant creek.

Suburb Insights for Tennant Creek 0860

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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.