RateMyAgentGo to search
Back 120/15 Musgrave Cres
Off Market

120/15 Musgrave Cres

Coconut Grove NT 0810

2
2
2
100 m²
Unit
Jeremy O'DonoghueJeremy O'Donoghue, last sold this property on 17 September 2025 after 42 days on market.

Overview

Effortless Investment Opportunity – Modern Unit Leased to NT Gov

Unit 120 presents an exceptional chance for investors seeking strong, secure returns in a modern and well-located complex. Built in 2015 and leased to the NT Government until February 2026 (with a renewal option until 2031), this two-bedroom, two-bathroom apartment offers peace of mind with guaranteed rental income. Stylishly designed and well presented, the apartment boasts a generous open-plan layout with quality finishes throughout. A sleek kitchen with stone benchtops, stainless steel appliances, and ample storage flows seamlessly into the living space and out to a private balcony overlooking lush, tropical surrounds perfect for relaxing or entertaining. Both bedrooms feature mirrored built-in robes and their own bathrooms, making this a functional and appealing layout for tenants. Split-system air conditioning and glossy tiled floors provide year-round comfort and easy-care appeal. Set within a secure complex, residents also enjoy access to resort-style facilities including a 25-metre swimming pool, BBQ area, and community room. Two secure car parks and a lockable storage room add to the convenience. Property Highlights: - Leased to the NT Government at $2,383.33 per calendar month until February 2026, with renewal option until 2031 - 2 spacious bedrooms, each with its own bathroom - Open-plan living flowing to a leafy private balcony - Quality kitchen with stone benchtops, modern appliances & ample storage - Fully air-conditioned with split systems throughout - Secure complex with gated entry, pool, and community facilities - Two car spaces plus a lockable storage unit - Moments from the Nightcliff Foreshore and Jetty, walking distance to Nightcliff Shopping Centre and local markets, just 5 minutes to Casuarina Square and 15 minutes to Darwin CBD Additional Information: Year Built: 2015 Area Under Title: approx. 100 sqm Council Rates: approx. $1,430 per annum Body Corporate Fees: $1,430 per quarter approx. Body Corp Manager: Altitude Management Status: Tenanted by NTGOV until Feb 2031 at $550 per week Zoning: MR (Medium Density Residential) Whether you’re an experienced investor or starting your portfolio, Unit 120 offers the ideal combination of low-maintenance, high-yield returns in a sought-after location. Contact Abi Wheeler today to secure this set-and-forget investment.

Features

2 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
100 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Coconut Grove over the last 12 months, the estimated median property value of 120/15 Musgrave Cres is $381.25k.

Median value
$381.25k
Estimated value range
$247k - $445k
Median days on market
30
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Coconut Grove. 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 120/15 Musgrave Cres

2025
Sold
Undisclosed
17 Sep 2025 by Jeremy O'Donoghue, of First National Real Estate O'Donoghues
2019
Rented
Undisclosed
Leased on 18 Oct 2019 by Elders Real Estate Darwin

Happy sellers in Coconut Grove

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

Coconut Grove stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Coconut Grove over the last 12 months.

Local market activity for 2 bedroom units in Coconut Grove

In the last 12 months, 20 two-bedroom units similar to 120/15 Musgrave Cres, have been sold.

This represents a 5% decrease in two-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 Coconut Grove

placeholder
Shyam Thapa

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

  •   5   (71 reviews)
  •  5 Reviews in Coconut Grove
  •  5 Sales in Coconut Grove
View profile
placeholder
Kerri-Ann Laurence

Sellers who recommend Kerri-Ann Laurence have praised them for being clear communication, local expert, responsive, honest, friendly, supportive and reliable

  •   5   (192 reviews)
  •  1 Review in Coconut Grove
  •  4 Sales in Coconut Grove
View profile
placeholder
Susie Patton-Quinn

Sellers who recommend Susie Patton-Quinn have praised them for being clear communication, local expert, friendly, responsive, dedicated, well-prepared and reliable

  •   4.9   (78 reviews)
  •  1 Review in Coconut Grove
  •  1 Sale in Coconut Grove
View profile
placeholder
Chris Clarke

Sellers who recommend Chris Clarke have praised them for being clear communication, local expert, hard-working, responsive, friendly, honest and strategic

  •   4.9   (46 reviews)
  •  1 Review in Coconut Grove
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap