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Off Market

3043/55 Cavenagh Street

Darwin City NT 0800

2
2
1
Unit
Last sold for $310,000
Chris ClarkeChris Clarke, last sold this property on 28 July 2025 after 104 days on market.

Overview

CHEAP Body Corp and High Return Holiday Investment

For more property information including body corporate and reports text 3043C to 0488 810 057 Located in the heart of the CBD – walking distance to major retailers and specialty shops along with transport and entertainment – this is a great home away from home or a holiday rental for the savvy investor. Key investment information - * Dual-key holiday investment property. Rooms 3043A and 3043B. * Set and forget investment providing $17,839.51 Net income last FY. * 6.0% Net Return on investment (ROI) * Long term lease to Transmetro Hotels until 2027. * Option for lease extension after 2027 (5+5 years) * Price negotiable. Motivated interstate sellers. * Cheap Body Corporate levies. Only $334 per quarter Positioned on the third/top floor, this is a joined suite with A and B apartments offering split rental options or a communal door that connects the two. Section A contains a smaller kitchenette with overhead storage space, sink and a small 2 burner cooktop. A single bedroom design with an ensuit bathroom and a study desk along with a light filled window that overlooks the streetscape below. Part B is a larger suite with a full sized kitchen and an internal laundry room along with a separate bedroom and a full bathroom as well as a generous living and dining area and access to the balcony. Each apartment has A/C and carpeted flooring in the bedrooms along with the living areas and tiles in the wet areas. This hotel complex includes an in house gym area, staffed reception desk and elevator access from a secure lobby. In the common areas is a swimming pool with shade sails and plenty of outdoor entertaining areas, tables and chairs and a BBQ as well. Spend your free time exploring the CBD, saying ‘yes’ to those last minute coffee dates with mates or just enjoying the breezy city life from your balcony. • Adjoined suite with amenities in each • Part A offers a studio design with ensuite bathroom • Small kitchenette with 2 burner cooktop and overhead storage space • Light filled window overlooks the street below • Part B has a full sized kitchen with pantry and all amenities are included • Full bathroom with a bath tub and shower • Internal laundry room hidden behind doors • Generous living and dining areas with carpeted flooring underfoot • Balcony gets the cooler sea breezes • Complex includes a swimming pool and in house gym • Staffed reception desk with secure lobby and elevator access • Swimming pool with shade sail and outdoor entertaining areas • Poolside entertaining areas with communal seating and a BBQ Around the Suburb: • Right in the centre of the Darwin CBD • Woolworths and Darwin GPO within walking distance • Jump on an a scooter to easily move around the city • Nearby cafes, employment and more • 5 minutes to the Water Front Prescient • 5 minutes from Cullen Bay Marina Council Rates: Approx. $1750 per annum Area Under Title: 100 sqm Year Built: 2004 Zoning: CB (Central Business) Status: Leased to Transmetro Hotels until 2027 Body Corporate: Network Pacific Strata Management Body Corp Levies: Approx. $334 per quarter Vendors Conveyancer: Law Lab Conveyancing Settlement period: 45 days or on variation on request Deposit: 10% or variation on request Easements as per title: None found

Features

2 bedrooms
2 bathrooms
1 carspace
1 carport space
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Darwin City over the last 12 months, the estimated median property value of 3043/55 Cavenagh Street is $438k.

Median value
$438k
Estimated value range
$156.25k - $860k
Median days on market
56
Estimated value trend
7%
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 3043/55 Cavenagh Street

2025
Sold
$310,000
28 Jul 2025 by Chris Clarke, of Real Estate Central

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 2 bedroom units in Darwin City

In the last 12 months, 56 two-bedroom units similar to 3043/55 Cavenagh Street, have been sold.

This represents a 10% decrease in two-bedroom units sales when compared to the previous 12 months.

Nearby agents

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