Back 3/1 Philip Street
Off Market

3/1 Philip Street

Fannie Bay NT 0820

3
2
2
Townhouse
Last sold for $709,000
Matt EnglundMatt Englund, last sold this property on 27 May 2025 after 67 days on market.

Overview

Spacious Townhouse in Prime Fannie Bay Location

Perfectly positioned in Fannie Bay, this spacious three-bedroom townhouse offers the ultimate in convenience and lifestyle. Situated in a boutique complex of just four, this home provides a private and low-maintenance living environment, all while being just moments from everything this sought-after suburb has to offer. Designed for comfort and functionality, the home features a generous living and dining area, with a separate study or second living space upstairs, creating flexibility for families, professionals, or those working from home. The master suite includes an ensuite and walk-in robe, while the additional bedrooms are well-sized with mirrored built-in robes. A large, leafy balcony provides an ideal space to relax and entertain, complemented by a downstairs verandah area, and the home is completed by a double garage with storage. The location is ideal - directly across the road from Fannie Bay IGA, Medees Restaurant, a butcher, a bakery, a café, and a gym. A short stroll takes you to Parap Village Markets and Parap Pool, with easy access to the Sailing Club, East Point Reserve, and scenic foreshore walking trails. Investment Details: • Currently leased for $620 per week (Lease expiry: January 2026) • Rental Estimate in the Current Market: $680 - $720 per week • Council rates: Approx. $1,800 p.a. • Body corporate fees: Approx. $1,750 per quarter (Whittles management) This well-maintained townhouse is an ideal opportunity for investors, professionals, or downsizers looking to enjoy Fannie Bay's relaxed and convenient lifestyle. For more information or to arrange an inspection, contact Matt on 0417 866 821 or Demi on 0448 951 305. Year Built: Approx. 2001 Area Under Title: 310m² Easements: None Found Zoning: LMR (Low-Medium Density Residential) Settlement Period: 30 days (discuss alternative with agent) Deposit: $10,000 Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee its accuracy and accept no liability for any errors or omissions.

Features

3 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
Townhouse

Estimated Value

Based on this property and similar 3 bedroom townhouses sold in Fannie Bay over the last 12 months, the estimated median property value of 3/1 Philip Street is $704.5k.

Median value
$704.5k
Estimated value range
$590k - $928k
Median days on market
21
Estimated value trend
1%
increase 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 3/1 Philip Street

2025
Sold
$709,000
27 May 2025 by Matt Englund, of Ray White Nightcliff

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 3 bedroom townhouses in Fannie Bay

In the last 12 months, 13 three-bedroom townhouses similar to 3/1 Philip Street, have been sold.

This represents a 29% increase in three-bedroom townhouses sales when compared to the previous 12 months.

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