Back 142/21 Cavenagh Street
Off Market

142/21 Cavenagh Street

Darwin City NT 0800

1
1
1
52 m²
52 m²
Unit
Last sold for $180,000
Colin MorrowColin Morrow, last sold this property on 17 August 2025 after 3 days on market.

Overview

CITY STUDIO WITH 11.5% RENTAL RETURN

Right in the heart of Darwin CBD, this second-top-floor studio apartment offers the best of both worlds - prime location and exceptional investment performance. Inside, you'll find a functional layout and a large spa bath for that touch of indulgence. From your balcony, enjoy sneak-peek ocean views to the north and west plus sparkling city vistas. For investors, the numbers speak for themselves: a 11.5% gross rental return means strong positive cash flow from day one. Very reasonable body corporate fees and a secure car park further protect your bottom line, while the unbeatable CBD position ensures year-round rental demand. Highlights: • 11.5% gross rental return – rare in today's market • Secure car park – valuable in the CBD • Walk to shops, cafes, waterfront, and nightlife • Sneak-peek ocean views north & south + city outlook Whether you're chasing maximum rental yield or a convenient city base, this property delivers on location, lifestyle, and cash flow. Body Corporate Elite Strata Management (NT) Body Corporate $1,098.89 p/q approx. Sinking Fund $319.44 p/q approx. Council Rates $1,800 p/a approx.

Features

1 bedroom
1 bathroom
1 carspace
1 open car space
52 m² floor area
52 m² lot size
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 142/21 Cavenagh Street is $272.5k.

Median value
$272.5k
Estimated value range
$148k - $405k
Median days on market
34
Estimated value trend
-8%
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 142/21 Cavenagh Street

2025
Sold
$180,000
17 Aug 2025 by Colin Morrow, of Elders Real Estate Darwin
2022
Rented
Undisclosed
Leased on 09 Nov 2022 by Elders Real Estate Darwin
2021
Rented
Undisclosed
Leased on 28 Nov 2021 by Elders Real Estate Darwin

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, 30 one-bedroom units similar to 142/21 Cavenagh Street, have been sold.

This represents a 82% decrease in one-bedroom units sales when compared to the previous 12 months.

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