80 Gap RoadThe Gap NT 0870
Property Details for 80 Gap Rd, The Gap
80 Gap Rd, The Gap is a 4 bedroom, 2 bathroom House. The property has a land size of 978m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Last Listing description (March 2021)
Investors and large/extended families should get excited about this unique property offering a family home plus self-contained studio plus separate self contained flat on a 966m2 block with two driveways plus rear access, zoned LMR (Low-Density Residential) allowing for strata titling up to three dwellings!
Family home with pool + studio + separate self-contained flat
Various possibilities from multiple living through to income generation
Sandstone fireplace, gas cooktop, solar hot water in main house
Kitchen and bathroom in studio are new near plus a 3mx4m cellar
Flat has study, bedroom, bathroom, kitchen, living, laundry, patio
Presentation a little tired, but some TLC is all thats needed to refresh
Zoned Low Density Residential can strata title up to 3 dwellings
Walking distance to hospital, Crowne Plaza, Aquatic/Leisure Centre
Large/extended families and investors should act quickly to secure!
The main home comprises three bedrooms all air-conditioned, one-bathroom, separate toilet, separate living area with sandstone fireplace and dining area adjoins the kitchen. Solar hot water service will keep the power bills lower. There is an inground pool in the front garden to keep you cool in summer, the kids will love it, and so will you.
Adjoined to the home is a self-contained studio with a near new bathroom and kitchen, open plan living/dining and bedroom, plus a 3x4m cellar under perfect for storage, dry and cool! This studio could be rented out for income, used as a workplace/salon, or house the extended family member(s).
But wait, theres more: a separate self-contained flat at the rear of the property comprises one bedroom with newly tiled floor and new built-in robe, renovated bathroom, study, open plan living, and north facing patio area. This could also be rented for income or suit the extended family with its own laundry it is completely independent of the main home.
Whilst the property is currently a little tired, there is clear potential to spruce up to enhance appeal, and for the investor seeking a high return you can triple your income here, plus there is also further capital gain possibilities via strata titling and selling individually.
Located just minutes to the CBD, and within walking distance to the hospital, Crowne Plaza, Aquatic and Leisure Centre, and in close proximity to popular schools this is a convenient location for all ages and stages of life.
Look beyond today, think outside the square there is a lot of value here, and lashings of potential!
Property History for 80 Gap Rd, The Gap, NT 0870
- 22 Jun 2021Sold for $470,000
- 18 Nov 2020Listed for Sale $519,000
- 04 Jul 2016Sold for $400,000
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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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