56 Telegraph TerraceThe Gap NT 0870
Property Details for 56 Telegraph Tce, The Gap
56 Telegraph Tce, The Gap is a 6 bedroom, 6 bathroom Unit. The property has a land size of 1210m2. While the property is not currently for sale or for rent, it was last sold in December 2012.
Last Listing description (December 2012)
Nearly as hard to find as Lasseters Reef, a block of units, not yet strata titled and in need of some work. The reward could be significant.
Set on 1210m2 of MD (multiple dwelling) land are six, one bedroom units in various states of repair. Two have been substantially removed to the point there is nothing required to be done. Four are in need of various amounts of improvement depending on your vision and enthusiasm.
All units are currently rented, however the rents are considered below current market rates so there is potential to increase your return before you spend any capital on improving the property.
All units feature a separate bedroom from the combined living, meals and kitchen area. The bathroom is off the bedroom which features a robe and the complex has a shared laundry facility.
Situated on the corner of telegraph Tce and Gnoilya St these units are close to town, shops and the sporting facilities of Traeger Park and Town Pool.
The possibilities are endless, rent them out as they are, bring the rent up to market value, renovate and further increase your income or seek to strata title, subject to building and planning approvals.
Priced to sell contact First National Framptons to arrange an inspection.
Andrew Doyle : 0418 897 010
Property History for 56 Telegraph Tce, The Gap, NT 0870
- 07 Dec 2012Sold for $820,000
- 28 Sep 2012Listed for Sale Under Contract
- 13 Oct 1999Sold for $285,000
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0About 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.
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