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Back 114/21 Cavenagh St
Off Market

114/21 Cavenagh St

Darwin City NT 0800

1
1
1
52 m²
Unit
Last sold for $174,000
Akansh BattaAkansh Batta, last sold this property on 23 July 2024 after 109 days on market.

Overview

Exciting Investment Opportunity Available!

Discover an extraordinary investment opportunity nestled in the vibrant heart of Darwin city! This property promises an impressive return on investment of approximately 9%, positioning it as a lucrative option for savvy investors. Conveniently located just 50 meters from the vibrant Darwin Mall, this property offers the perfect blend of urban excitement and serene relaxation. A leisurely 1-kilometer stroll will lead you to the stunning Darwin Waterfront, where an abundance of alfresco dining opportunities await, promising delightful culinary experiences against a picturesque backdrop. Embrace the allure of city living while indulging in the tranquility of waterfront charm, all within effortless reach from this exceptional property. Situated in a prime location, this one-bedroom, one-bathroom unit boasts spacious living areas and a large bedroom, providing ample comfort and convenience. Step out onto the balcony and enjoy breathtaking views of the entire cityscape, creating a captivating backdrop for relaxation or entertaining guests. With all essential amenities conveniently located downstairs, including cafes and the renowned Cavanagh Street Pub, residents enjoy easy access to everything they need right at their doorstep. The property is currently rented until next year, eliminating any concerns about finding tenants and providing a secure source of income for the foreseeable future. Don't miss out on this opportunity to secure a prime investment property in one of Darwin's most sought-after locations. Contact us today to learn more and seize this incredible opportunity! Council rate: $1649 Annually Body Corporate: Elite Strata Body corporate fees: $1118 Per Quater Floor size: 52sqm Stauts: Tenanted Tenancy details: Leased until 30/6/25 for $310 per week. ROI Yield: 9% Approx. Built: 1997

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
52 m² floor area
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Darwin City over the last 12 months, the estimated median property value of 114/21 Cavenagh St is $277.5k.

Median value
$277.5k
Estimated value range
$148k - $790k
Median days on market
34
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Darwin City. 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 114/21 Cavenagh St

2024
Sold
$174,000
23 Jul 2024 by Akansh Batta, of Raine & Horne Darwin
2019
Rented
Undisclosed
Leased on 26 Aug 2019 by Ray White Bayside

Happy sellers in Darwin City

89%
89% of sellers in Darwin City reported that their sale price either exceeded or met their price expectations.

Darwin City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 16 reviews in Darwin City over the last 12 months.

Local market activity for 1 bedroom units in Darwin City

In the last 12 months, 33 one-bedroom units similar to 114/21 Cavenagh St, have been sold.

This represents a 94% decrease in one-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Darwin City

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Shyam Thapa

Sellers who recommend Shyam Thapa have praised them for being clear communication, local expert, responsive, well-prepared, supportive, honest and dedicated

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Stephanie Otto

Stephanie Otto is a recommended agent for Darwin City.  They have 18 local sales and collected 5 local reviews across the last 12 months.

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Nikki Vazanellis

Sellers who recommend Nikki Vazanellis have praised them for being local expert, clear communication, supportive, honest, responsive, well-prepared and friendly

  •   5   (144 reviews)
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Paul Heron

Sellers who recommend Paul Heron have praised them for being local expert, clear communication, honest, trustworthy, stress-free process, reliable and supportive

  •   5   (72 reviews)
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  •  2 Sales in Darwin City
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