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Back 2 Parsons Street
Off Market

2 Parsons Street

Fannie Bay NT 0820

4
2
2
1270 m²
House
Last sold for $1,115,000
Rhett DolphinRhett Dolphin, last sold this property on 06 May 2026 after 88 days on market.

Overview

Prime Corner Opportunity in Blue-Chip Fannie Bay 1,270m² with LMR Zoning and Exceptional Potential

Positioned on one of Fannie Bay's most prominent and tightly held corners, 2 Parsons Street presents an extraordinary opportunity to secure a substantial 1,270 square metre parcel in one of Darwin's most prestigious coastal neighbourhoods. Occupying the prime intersection of Parsons Street and Ross Smith Avenue, this landmark site sits diagonally opposite the Parap Swimming Pool and Tennis Courts and only moments from the Darwin Turf Club, making it an address that perfectly blends lifestyle, convenience and long-term value. From your front gate, you can wander to the much-loved Darwin Sailing Club and Darwin Trailer Boat Club for sunset dinners on the water, with Silks Darwin just near the end of the street for relaxed social gatherings and community events. Morning coffees at the Cool Spot, weekend strolls through the Parap Markets and easy access to some of Darwin's finest primary and secondary schools are all part of daily life here. The property also falls within the highly sought-after Darwin High School catchment, further enhancing its appeal for families and investors alike. Recently rezoned from Low Density Residential to Low-Medium Density Residential under Planning Scheme Amendment PA2023/0291, the block offers genuine development flexibility. A preliminary assessment by Tatam Planning Co. has identified multiple potential pathways, including a freehold subdivision into three lots, a three-lot layout incorporating a duplex site to create four dwellings, two duplex sites delivering four dwellings, or a strata configuration for four residences, all subject to council approval. Concept drawings are available to interested parties, providing a clear vision for what could be achieved. Adding immediate liveability to the long-term upside is a beautifully maintained elevated home in excellent condition. Inside, polished cypress pine floors and fresh paint completed at the end of 2025 create a warm, welcoming feel, complemented by a modern kitchen and bathroom renovated in 2021 and new air conditioning throughout. Outdoors, the home is framed by neat landscaping and a large inground swimming pool, offering the perfect Territory lifestyle. Whether you choose to move in and landbank, renovate further, lease for income or unlock the development potential straight away, this is a rare blue-chip holding with options in every direction. Opportunities of this scale and zoning in Fannie Bay are exceptionally scarce.

Features

4 bedrooms
2 bathrooms
2 carspaces
1270 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Fannie Bay over the last 12 months, the estimated median property value of 2 Parsons Street is $1.17m.

Median value
$1.17m
Estimated value range
$785k - $1.72m
Median days on market
73
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Fannie Bay. 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 2 Parsons Street

2026
Sold
$1,115,000
Private Sale/Treaty on 06 May 2026 by Rhett Dolphin, of Darwin Property Group

Happy sellers in Fannie Bay

87%
87% of sellers in Fannie Bay reported that their sale price either exceeded or met their price expectations.

Fannie Bay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Fannie Bay over the last 12 months.

Local market activity for 4 bedroom houses in Fannie Bay

In the last 12 months, 8 four-bedroom houses similar to 2 Parsons Street, have been sold.

This represents a 28% increase in four-bedroom houses 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 Fannie Bay

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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)
  •  2 Reviews in Fannie Bay
  •  2 Sales in Fannie Bay
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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)
  •  1 Review in Fannie Bay
  •  1 Sale in Fannie Bay
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Travis Uzkuraitis

Travis Uzkuraitis is a recommended agent for Fannie Bay.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   4.6   (16 reviews)
  •  1 Review in Fannie Bay
  •  1 Sale in Fannie Bay
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Andrew Harding

Andrew Harding is a recommended agent for Fannie Bay.  They have 10 local sales across the last 12 months.

  •   4.9   (79 reviews)
  •  10 Sales in Fannie Bay
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