5 Chittock CrescentTennant Creek NT 0860
Property Details for 5 Chittock Cres, Tennant Creek
5 Chittock Cres, Tennant Creek is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 2110m2. While the property is not currently for sale or for rent, it was last sold in February 2013.
Last Listing description (August 2016)
The savvy investor knows that a property with this much potential simply will not last long in today's market regardless of its location. So it's not in Darwin CBD and Tennant Creek sounds a little far away? Well, known for its attractions including the Devils marbles, Mary Ann Dam, Battery Hill Mining Centre and the Kyinkka Nyunyu Culture Centre, these apartments are in a great spot for industry, tourism and a local hub for FIFO workers.
What's so hot about it I hear you ask?. What about a 9% + gross income - have we got your attention now!? I bet you can't find a savings account with those sort of returns.
Set in the popular Tennant Creek township, directly opposite from the Tennant Creek High School and close to parklands and amenities, there are 8 of these one bedroom apartments for sale that come with a list of perks that will knock you for 6.
* Zero vacancy for 10 years - guaranteed
* Zero repairs and maintenance - guaranteed
* 2 year option to renew if the terms suit your needs 5 Ch
* Annual renewal with a 'ratchet clause' so the rent never decreases
* Full depreciation schedule and tax benefits
* In excess of 9% return - let's see a savings account this those types of returns
* Located opposite the Tennant Creek High School, close to parklands and
* Located in a new subdivision
* Priced to sell with a steady rental return of $330 pw
If you have read the market magazines then you know this is a little hot spot that many don't know about yet.
What about the apartments themselves:
* Brand new subdivision and new complex
* Winding driveway with low maintenance gardens
* Parking at the front door of the apartment
* Open plan living and dining rooms
* Compact kitchen includes overhead storage
* Cleverly concealed laundry facilities
* Outdoor storage box in the courtyard
* Wall mounted clothes line on the rear fence line
* Private courtyard with infamous red dirt and small gardens
* Neat bathroom has a corner shower and central vanity
Property History for 5 Chittock Cres, Tennant Creek, NT 0860
- 13 Jul 2019Listed for Sale Not Disclosed
- 16 Feb 2019Listed for Sale Not Disclosed
- 24 Feb 2015Listed for Sale $180,000 EACH
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0About 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 1,515 properties. Over the last 5 years, Houses in Tennant Creek have seen a 14.66% increase in median value, while Units have seen a 173.57% increase. As at 31 October 2024:
- The median value for Houses in Tennant Creek is $239,654 while the median value for Units is $160,659.
- Houses have a median rent of $440.
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