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Back 1506/31 Woods Street
Off Market

1506/31 Woods Street

Darwin City NT 0800

1
1
1
87 m²
Apartment
Last sold for $440,000
Simon ConnellySimon Connelly, last sold this property on 17 February 2026 after 19 days on market.

Overview

Premium CBD Location - Inner Harbour Sunrise Views - Guaranteed Income (Est. Gross ROI 7%) or Flexible Living & Investment Options

Positioned high up in the building on the 15th floor of the iconic Oaks Elan Darwin building at 31 Woods Street, this apartment captures sweeping panoramic views across Darwin's Inner Harbour and Frances Bay, perfectly oriented to enjoy stunning Darwin sunrises, and high-rise views that sweep all the way across to Mindil Beach, Fannie Bay, Eastpoint, with Nightcliff and Casuarina visible in the distance. It offers the ultimate low-maintenance Darwin CBD lifestyle, ideal for professionals, downsizers, or investors seeking a true lock-and-leave address in the heart of the city. The Oaks Elan Darwin provides resort-style amenities including 24/7 reception with secure lobby access, an on-site café and restaurant, a fully equipped gym, and a sparkling outdoor swimming pool. Building management handles day-to-day upkeep, ensuring genuine hands-free ownership. The prime CBD location places shopping, dining, entertainment, the Darwin Waterfront Precinct, and Mitchell Street all within easy walking distance. The Property - A modern 1-bedroom, 1-bathroom apartment, features an internal laundry and an open-plan living/dining area that flows seamlessly onto a spacious balcony, perfectly positioned to maximise those stunning inner harbour and coastal views. Imagine starting your day with breakfast on the balcony, watching the sun rise over Frances Bay and the Inner Harbour, a daily ritual of pure tropical serenity, ideal for relaxing, entertaining, or simply soaking in the scenery. Fully tiled and air-conditioned throughout, it includes a contemporary kitchen with dishwasher and ample cupboard storage, a generously sized master bedroom, and a functional bathroom with internal laundry facilities. Investment or Lifestyle Options - Buyers have two clear pathways: certainty with guaranteed income, or flexibility for higher potential returns. Option 1 Set-and-Forget Investment (Oaks Management Leaseback) Leave it as-is under the ongoing Oaks Building Management lease for an estimated gross return of 7.0% ROI, paid monthly regardless of occupancy, eliminating vacancy risk. The lease has no fixed expiry date, delivering a truly hassle-free, secure investment. Option 2 Owner-Occupy or Independent Leasing After the required notice period (per the letting agreement), take vacant possession to live in it yourself or lease independently. Options include long-term residential tenancy or short-stay (Airbnb-style) accommodation, which is already established and permitted in the building. Current market conditions suggest private long-term rentals may achieve a slightly higher gross ROI. Short-stay has strong potential for significantly higher returns in peak seasons, depending on occupancy, demand, and management though subject to market fluctuations and vacancy risk. Other Important Property Information * Year Built: 2015 * Area Under Title: Approximately 87m² (including balcony) * Status: Tenanted Oaks Building Management (ongoing lease, no expiry) * Council Rates: Approximately $439 per quarter * Body Corporate Levies: Approximately $1,387.37 per quarter Internal photos are of an identical apartment on a lower floor and are for illustrative purposes only. For more details or to arrange a private inspection, contact Simon Connelly from Agency HQ NT on 0411 210 744 or email simon@agencyhq.net.au.

Features

1 bedroom
1 bathroom
1 carspace
87 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Darwin City over the last 12 months, the estimated median property value of 1506/31 Woods Street is $310k.

Median value
$310k
Estimated value range
$156.25k - $520k
Median days on market
47
Estimated value trend
16%
increase 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 1506/31 Woods Street

2026
Sold
$440,000
Private Sale/Treaty on 17 Feb 2026 by Simon Connelly, of Agency HQ (NT)

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 apartments in Darwin City

In the last 12 months, 73 one-bedroom apartments similar to 1506/31 Woods Street, have been sold.

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

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