Back 1/16 Mackillop Street
Off Market

1/16 Mackillop Street

Parap NT 0820

1
1
2
56 m²
105 m²
Unit
Last sold for $305,000
Matthew PullmanMatthew Pullman, last sold this property on 20 July 2025 after 124 days on market.

Overview

Invest Now! Solid Return.

Located in one of Darwin's most sought-after lifestyle precincts, Parap, this ground-level one-bedroom unit offers a great opportunity for investors. It's low-maintenance, well-located, and already tenanted - ready to go from day one. A Solid Investment: • 7.55% gross return - strong rental yield • Tenanted until Jan 2026 - secure tenant wishing to remain. • Low-maintenance property in a highly desirable suburb Key Features: • Private, gated front courtyard • Two dedicated car parks • Lock-up storeroom for extra convenience • Handy study nook / 2nd bedroom space - ideal for remote work or visitors • Combined bathroom/laundry setup • Recently retiled throughout - modern and easy maintenance • Compact kitchen designed for function • Available for owner-occupiers from July 2025 or retain the current tenant. Prime Location: • Less than 10 minutes to Darwin CBD • A short walk to Fannie Bay and beautiful local beaches • Close to Parap Village Markets, shops, and local cafés • Easy access to Darwin Trailer Boat Club, Ski Club, and Sailing Club This is a great opportunity to buy into an established suburb with solid rental returns and lifestyle appeal. Whether you're looking for an investment or a future home base, this one ticks a lot of boxes. Extra Details: • Tenancy: Leased until January 2026 - Superb Tenant in Place • Rental Income: $450/week • Body Corporate: $1,207.50/quarter • Council Rates: Approx. $1,800/year

Features

1 bedroom
1 bathroom
2 carspaces
1 carport space
1 open car space
56 m² floor area
105 m² lot size
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Parap over the last 12 months, the estimated median property value of 1/16 Mackillop Street is $378.75k.

Median value
$378.75k
Estimated value range
$305k - $480k
Median days on market
30
Estimated value trend
203%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Parap. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/16 Mackillop Street

2025
Sold
$305,000
20 Jul 2025 by Matthew Pullman, of Raine & Horne Darwin
2024
Rented
Undisclosed
Leased on 11 Jan 2024 by Raine & Horne Darwin
2024
Rented
Undisclosed
Leased on 10 Jan 2024 by Raine & Horne Darwin

Happy sellers in Parap

<50%
Less than 50% of sellers in Parap reported that their sale price either exceeded or met their price expectations.

Parap stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Parap over the last 12 months.

Local market activity for 1 bedroom units in Parap

In the last 12 months, 5 one-bedroom units similar to 1/16 Mackillop Street, have been sold.

This represents a 25% decrease in one-bedroom units sales when compared to the previous 12 months.

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