OFF MARKET

5 Virginia Road
Virginia NT 0834

Bedrooms: -
Bathrooms: 2
Car spaces: 2
Land area: 20000m2
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Property Details for 5 Virginia Rd, Virginia

Building Type
Land
Land Size
20000m2
Local Government
Litchfield
Lot/Plan
Loc 055 Lot 4867/S 96/309

Last Listing description (November 2017)

Located on the corner of the Stuart Highway and Virginia Road and just a hundred metres or so from the Coolalinga shopping precinct and new residential development sits this virgin 5 acre (20000 square metre) allotment just waiting for someone to put it to use.
Its location lends itself to all manner of exciting possibilities with Palmerston just down the road, Coolalinga next door (and the new township of Weddell to be constructed to the south) and being surrounded by a fast growing population.
The advent of extensive projects such as the multibillion dollar Inpex gas deal (underway now) and others due to follow in a short space of time make sites such as this ideal to develop.

It is common knowledge that this type of site is rare and can't be recreated. It is also common knowledge that the Top End is set to experience huge growth and associated activity over the next decade.
Statistics have proved to both Woolworths and Coles that the area is of major importance and this site offers huge potential to the entrepreneur.
Contact Morgan Shearer (0407 398 848)

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Property History for 5 Virginia Rd, Virginia, NT 0834

A timeline of how this property has performed in the market
Last Sold
$130,000
13 Jun 2007
  • 08 Apr 2014
    Listed for Sale $3,200,000
  • 03 Aug 2013
    Listed for Sale Not Disclosed
  • 04 Aug 2012
    Listed for Sale Not Disclosed
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About Virginia 0834

The size of Virginia is approximately 32.6 square kilometres. It has 1 park. The population of Virginia in 2011 was 2,042 people. By 2016 the population was 1,837 showing a population decline of 10.0% in the area during that time. The predominant age group in Virginia is 50-59 years. Households in Virginia are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Virginia work in a trades occupation. In 2011, 79% of the homes in Virginia were owner-occupied compared with 78% in 2016.

Virginia has 741 properties. Over the last 5 years, Houses in Virginia have seen a 29.93% increase in median value, while Units have seen a 68.03% increase. As at 30 September 2024:

  • The median value for Houses in Virginia is $748,608 while the median value for Units is $345,725.
  • Houses have a median rent of $763.
There are currently 13 properties listed for sale, and 3 properties listed for rent in Virginia on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Virginia.

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