Back 397/12 Salonika Street
Off Market

397/12 Salonika Street

Parap NT 0820

1
1
1
Apartment
Last sold for $380,000
Belinda KolstadBelinda Kolstad, last sold this property on 23 June 2026 after 46 days on market.

Overview

High-Yield Investment Opportunity 8% Returns

Please copy and paste the link below to access all property information and reports. https://bit.ly/4cVci8H Welcome home to The Avenue, Set on Level 10 of the multi award-winning residential complex that perfectly blends comfort, style, and investment potential. Whether you're looking for a secure income stream or a place to call your own, The Avenue offers the ideal balance of strong returns and modern living in a premium location. This stylish studio one-bedroom, one-bathroom apartment, elevated high above the city - capturing cool breezes and sweeping outlooks, making it the perfect urban retreat or a savvy investment. The bedroom is generously sized with double mirrored built-in wardrobe. Light and bright with sliding windows to maximise air flow and sliding concertina doors through to the living area. Comfort is assured year-round with full air-conditioning throughout. The well-appointed kitchen blends seamlessly into the living area, offering ample cupboard space, gas cooking, stone benchtops and integrated dishwasher. An internal laundry adds an extra layer of convenience and practicality. The apartment also includes a single undercover car park with charging for electric vehicles available, all within a secure and well-maintained complex. Adding further appeal is a dedicated storage room located within the undercover car park, with store room currently leased at $120 per month, providing an excellent additional income stream. Residents enjoy access to an impressive range of facilities, including an infinity resort-style pool, a fully equipped gym, function room, games room, community vegetable and herb gardens and much more. Positioned in an unbeatable location, you are just moments from Darwin City, the iconic Mindil Beach, and the vibrant Parap Markets. Enjoy a leisurely breakfast at one of two cafes located on the ground floor and make the most of the lifestyle this address delivers. Whether you are looking to move in, invest, this is your opportunity to secure a low-maintenance property in a premium location. Property Features: Level 10 apartment in The Avenue, Parap 1 bedroom, 1 bathroom with open-plan living Fully air-conditioned throughout Undercover car park and a storage room (leased $120/w) Resort-style pool, gym, games room, kids playground and more Prime location near city, beach & Parap Markets Neighbourhood Features: Darwin CBD approx. 3 km Mindil Beach & Sunset Markets approx. 2.5 km Parap Markets approx. 500 m Fresh Point Café (downstairs) within complex Fannie Bay Foreshore approx. 2 km Darwin High School approx. 2.5 km Darwin Airport approx. 7 km East Point Reserve approx. 5 km Parap Shopping Village approx. 500 m Cullen Bay Marina approx. 3 km Additional Information as follows: Council Rates: Approx $1460 per annum Year Built: 2014 Planning Scheme Zone: SD30 (specific Use) Area under Title: 89 sqm Status: Tenanted Rental Estimate: Unit -currently leased for $570 per week with a rental appraisal of $610 per week. Storage Room - $120 per month. Settlement Period: 45 days Easements as Per Title: Subsequent Scheme Statement - Replacement of Unit Title Scheme Statement (Scheme 2014/030) (827346) Disclaimer: We do our best to ensure that all the information provided is correct, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions.

Features

1 bedroom
1 bathroom
1 carspace
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Parap over the last 12 months, the estimated median property value of 397/12 Salonika Street is $380k.

Median value
$380k
Estimated value range
$320k - $447.5k
Median days on market
28
Estimated value trend
8%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Parap. 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 397/12 Salonika Street

2026
Sold
$380,000
Private Sale/Treaty on 23 Jun 2026 by Belinda Kolstad, of Smart Real Estate
2025
Rented
Undisclosed
Leased on 21 Nov 2025 by Raine & Horne Darwin
2025
Rented
Undisclosed
Leased on 20 Nov 2025 by Raine & Horne Darwin

Happy sellers in Parap

66%
66% of sellers in Parap reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 7 reviews in Parap over the last 12 months.

Local market activity for 1 bedroom apartments in Parap

In the last 12 months, 6 one-bedroom apartments similar to 397/12 Salonika Street, have been sold.

This represents a 20% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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