OFF MARKET

25/50 South Terrace
The Gap NT 0870

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 101m2
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Property Details for 25/50 South Tce, The Gap

25/50 South Tce, The Gap is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 101m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
Unit
Year Built
1976
Land Size
101m2
Local Government
Alice Springs
Lot/Plan
Loc 010 Lot 3786/A 000649

Last Listing description (June 2024)

Here we have an affordable ground level unit primed for anyone looking for a well-priced first home or a rental property.

Positioned on the South Terrace side of the complex there are fantastic views onto the Todd River and Mac Donnell Ranges. This spacious one bedroom unit has a generous carpeted living area at the front with reverse cycle air conditioning. The kitchen offers gas cooking, great bench and cupboard space and a serving shelf for meals.

Behind the kitchen before heading out into the courtyard is the roomy bedroom which is carpeted and has a double width built in robe. The bathroom/ laundry offers a walk-in shower, toilet and laundry facilities.

Outdoors is a paved courtyard ready for entertaining that leads straight out to the common areas.

This unit is in a complex of 49 with gated security and ample common area for everyone to enjoy.

Currently rented at $320 per week.

Council Rates: $1,697.72 p.a.
Body Corp: $688.55 p.q.
Admin Fund: $626.80
Sinking Fund: $61.75

- Well-priced first home or rental
- Carpeted throughout
- Internal toilet and laundry facilities
- Paved rear courtyard

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Property History for 25/50 South Tce, The Gap, NT 0870

A timeline of how this property has performed in the market
Last Sold
$174,000
07 May 2021
Listed for Rent
$320/w
21 Aug 2019
  • 16 May 2023
    Listed for Sale Sold
  • 07 May 2021
    Sold for $174,000
  • 19 Aug 2019
    Listed for Rent - Price not available
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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 970 properties. Over the last 5 years, Houses in The Gap have seen a 8.37% increase in median value, while Units have seen a -6.64% decrease. As at 30 November 2024:

  • The median value for Houses in The Gap is $398,254 while the median value for Units is $252,981.
  • Houses have a median rent of $485 while Units have a median rent of $415.
There are currently 8 properties listed for sale, and 3 properties listed for rent in The gap on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in The gap.

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