OFF MARKET

15/48-50 South Terrace
The Gap NT 0870

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 156m2
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Last updated 17 Jun 2024
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Property Details for 15/48-50 South Tce, The Gap

Building Type
Commercial
Year Built
1995
Floor Size
90m2
Land Size
156m2
Local Government
Alice Springs

Last Listing description (June 2024)

This stunning two bedroom unit takes on the appearance of a brand new, state of the art townhouse - with a designer touch!

The classic renovation in creams, beige, copper and browns is though a magic wand has cast an instant retake on the original offerings. Nothing has been left undone.

New ceramic tiling spans the ground floor along with the designer gas kitchen complete with stainless steel cooktop and range-hood, pantry and floor to ceiling cabinetry.

Elegant new roller blinds add a touch of class to the large windows and both the laundry and bathroom have had a complete and modern refit. Even the second toilet and stairwell have been beautifully restored.

Both bedrooms are a generous size and have new carpets, ceiling fans, curtains and built in robes. The main bedroom has recently had a split system air conditioner installed. A sliding glass door off this bedroom leads to a shaded and private top balcony.

Whether you are buying for investment or to move in the fresh paint, contemporary decor and superb presentation will impress the most fastidious of buyers.

The front patio is a fully paved mini oasis with healthy plants, a large shade sail, magic views and a lockable storage unit that doubles as a convenient day lounge. See it to believe it!

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Property History for 15/48-50 South Tce, The Gap, NT 0870

A timeline of how this property has performed in the market
  • 16 May 2023
    Listed for Sale Sold
  • 10 Jul 2018
    Listed for Sale $298,000
  • 09 Oct 2015
    Listed for Sale Under Contract - $295,000

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About The Gap 0870

The size of The Gap is approximately 1.6 square kilometres. It has 7 parks covering nearly 16.5% of total area. The population of The Gap in 2011 was 1,692 people. By 2016 the population was 1,716 showing a population growth of 1.4% in the area during that time. The predominant age group in The Gap is 30-39 years. Households in The Gap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gap work in a professional occupation. In 2011, 39.2% of the homes in The Gap were owner-occupied compared with 38% in 2016.

The Gap has 952 properties. Over the last 5 years, Houses in The Gap have seen a 7.55% increase in median value, while Units have seen a -3.61% decrease. As at 31 October 2024:

  • The median value for Houses in The Gap is $414,456 while the median value for Units is $263,225.
  • Houses have a median rent of $490 while Units have a median rent of $430.
There are currently 8 properties listed for sale, and 3 properties listed for rent in The gap on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in The gap.

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