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Back 157/21 Cavenagh Street
Off Market

157/21 Cavenagh Street

Darwin City NT 0800

1
1
Apartment
Last sold for $215,000
Judy TruongJudy Truong, last sold this property on 20 August 2025 after 30 days on market.

Overview

Fully Furnished City Investment Over 11% Gross Return

Body Corp Fees - $1,383.89 per qtr Council Rates - $1,721.86 (FY25) Body Corp Manager - Elite Property Manager - Darwin Property Group Lease - expires June 2026 Rent - $500 per week Situated in the heart of Darwin's CBD, this stylish top-floor studio apartment presents an outstanding opportunity for the astute investor. Located within the popular Metro Building on Cavenagh Street, this fully furnished residence is leased until June 2026 at $500 per week, delivering a gross rental return of over 11%. Beautifully refurbished and positioned on the top floor, the apartment enjoys an elevated and light-filled outlook. The open-plan studio layout offers a clever use of space, combining living, dining, and sleeping areas in a modern, low-maintenance design. The kitchen is well appointed with ample storage and appliances, and the interiors have been updated to offer a fresh and contemporary feel. This is a true walk-in, walk-out investment, with quality furnishings included and a strong lease in place. A secure, allocated car space is an added bonus in the CBD, ensuring practicality for tenants and enhancing rental appeal. The Metro Building offers secure entry and lift access, providing comfort and peace of mind for residents. Just steps from Darwin's best cafes, restaurants, nightlife, and shopping, this inner-city location ensures high demand and consistent rental returns. With no further outlay required and strong income already secured, this property is a smart choice for investors seeking solid cash flow in a premium city setting. Enquire today to secure one of the best value returns on the market.

Features

1 bathroom
1 carspace
Apartment

Estimated Value

We need at least 3 similar apartments sold in Darwin City over the last 12 months.

Property history for 157/21 Cavenagh Street

2026
Rented
Undisclosed
Leased on 30 Apr 2026 by Darwin Property Group
2025
Sold
$215,000
Private Sale/Treaty on 20 Aug 2025 by Judy Truong, of Darwin Property Group
2025
Rented
Undisclosed
Leased on 03 Jul 2025 by Darwin Property Group

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 17 reviews in Darwin City over the last 12 months.

Local market activity for apartments in Darwin City

In the last 12 months, 2 apartments similar to 157/21 Cavenagh Street, have been sold.

Nearby agents

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Stephanie Otto

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Nikki Vazanellis

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Nathan Cunneen

Nathan Cunneen is a recommended agent for Darwin City.  They have 2 local sales and collected 3 local reviews across the last 12 months.

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