OFF MARKET

4/230 Trower Road
Wagaman NT 0810

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 63m2
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Property Details for 4/230 Trower Rd, Wagaman

4/230 Trower Rd, Wagaman is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 63m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in January 2024.

Building Type
Unit
Year Built
1981
Floor Size
62m2
Land Size
63m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 4387/UP 81/006

Last Listing description (February 2024)

This property is an investment no brainer, located about 100m from the Northern Territory's largest shopping centre and less than 2km from the Charles Darwin University Casuarina campus there will always be tenants looking for convenient rental accommodation like this. Basic is better when it comes to rentals meaning less maintenance and less issues with wear and tear.

The kitchen has been updated at some stage and includes over head cabinets for extra storage and a pantry has been installed. Each bedroom includes a light, a fan, and air conditioner, a built in robe and is tiled for easy cleaning. The tiles extend through the property and there are laundry connections added in the bathroom for extra convenience.

Features include:

* First floor location with small balcony
* Amazing location with rentals in high demand
* Good returns already in place for the new owner
* Off street parking for one car
* Basic fit out for easy up keep
* Solid brick construction

Whether a first time investor or looking to add another property to the portfolio this property stacks up nicely and offers good returns. If your looking for a place to move into the lease expires early 2024 which means you could by this now and move in later. There are plenty of options with this property.

Zoning: MR - Medium Density Residential
Area under title: 63m
Easements: Nil on title
Body Corporate Manager: Whittles Body Corporate Management
Body Corporate Fee: $1,033 per quarter (approx)
Council Rates: $1,700 per year (approx)
Lease income: $370 per week
Lease expiry: 5th February 2024

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Property History for 4/230 Trower Rd, Wagaman, NT 0810

A timeline of how this property has performed in the market
Last Sold
$223,000
31 Jan 2024
Listed for Rent
$390/w
04 Jan 2023
  • 31 Jan 2024
    Sold for $223,000
  • 28 Sep 2023
    Listed for Sale $249,000
  • 14 Nov 2022
    Listed for Rent - Price not available
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About Wagaman 0810

The size of Wagaman is approximately 0.8 square kilometres. It has 5 parks covering nearly 10.5% of total area. The population of Wagaman in 2011 was 2,108 people. By 2016 the population was 2,160 showing a population growth of 2.5% in the area during that time. The predominant age group in Wagaman is 30-39 years. Households in Wagaman are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wagaman work in a professional occupation. In 2011, 61.4% of the homes in Wagaman were owner-occupied compared with 56.7% in 2016.

Wagaman has 750 properties. Over the last 5 years, Houses in Wagaman have seen a 27.01% increase in median value, while Units have seen a 19.50% increase. As at 28 February 2025:

  • The median value for Houses in Wagaman is $509,466 while the median value for Units is $266,525.
  • Houses have a median rent of $600 while Units have a median rent of $400.
There are currently 3 properties listed for sale, and 3 properties listed for rent in Wagaman on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Wagaman.

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