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Back 504/44 Woods Street
Off Market

504/44 Woods Street

Darwin City NT 0800

1
1
1
112 m²
Apartment
Last sold for $495,000
Daniel HarrisDaniel Harris, last sold this property on 19 June 2025 after 108 days on market.

Overview

6.32% Gross Yield – Leased to February 2027

Text 44WOO to 0480 001 403 for more property information. INVESTOR ALERT - Looking for a genuine set and forget Investment that has your property working for you? You may just have found it! With a secure long term DHA lease in place, this modern property is ideally suited for the investor looking for a stress free investment that will offer a healthy yield, strong long term growth prospects and excellent re-sale value in the future. Situated in one of the most popular recently constructed buildings in Darwin’s CBD. Currently returning $600 per week with lease expiring February 2027 + option for DHA to renew for a further 3 years to February 2030 Rent is reviewed annually on Dec 31st and is calculated at market rate or rent at lease commencement February 2017 which was $600 (Whichever is the greater) Magnum on Woods Street is one of the most recent additions to Darwin’s skyline offering cosmopolitan living with a new-age design with an impressive façade, this premier address is located in the heart of city. 504 offers a smart high yielding investment with capital growth upside as Darwin enters its upswing and growth phase within the property cycle over the next few years. Ideal for SMSF investors or those looking for a property that puts money in your pocket from day 1. 504 maintains a tranquil aspect with resort vibes. The property features secure fob entry at street level with a large door opening wide to the walkway to the elevators where again you’ll need your fob key to gain entry to the apartment (extra secure) Inside is painted with a modern crisp white colour palette throughout with polished concrete flooring and matt black painted ceilings. There is a wall of built-in storage space which is a huge functional bonus, the kitchen has stone counters with breakfast bar seating along with overhead storage space and plenty of prep areas as well. Open plan living and dining areas flow through to the balcony with a twin set of huge glass sliding doors at the far end inviting you out into the cool sea breezes. The master bedroom suite includes a walk in robe along with a large glass sliding door through to the balcony. The study or bedroom 2 is located for total privacy and also includes a built in robe addition and air-conditioning. The laundry is internal plus an extra storage to the storage room located on the ground floor. The balcony is enormous allowing you to embracing the Territory lifestyle of the outdoors, this outdoor living room is huge and enjoys sunset views every night. The communal top level offers a unique roof top garden and pool area to take in the sunsets and sunrises. This property allows residents and guests you to walk or take a scooter around the city easily. Genuine A+ location. The Waterfront Precinct is not far away as is Cullen Bay and the Esplanade all basking in the glorious sea breezes and tropical vibes. Key Features: • Genuine set and forget investment • One bedroom plus study (or 2nd bedroom) floorplan • Fantastic tax depreciation write off benefits for investors being near new • Rent paid 52 weeks per annum with DHA, even if vacant • Edgy Polished Concrete flooring with tiled floor in bathrooms out the apartment • Split System air-conditioning throughout • Internal Laundry • Build-in Robes and a walk in robe • Only 5 apartments per level • Great size galley style kitchen with stone bench tops • Stainless steal appliances • Split System air-conditioning throughout • Bathroom with quality finishes • Stone benchtop to kitchen with excellent cupboard space • Good-sized living/dining area opens to a large veranda • Apartment 504 has 1 secure basement car park • Ground level storage • Complex boasts a rooftop swimming pool, BBQ & entertaining area The Magnum Apartments were completed in 2016 and offer a living style that is not often seen in the Darwin CBD. Found on the corner of Woods and Gardiner Streets, this 9 level complex is as modern as they come in Darwin CBD. Nothing needs to be done to the unit and if it did, DHA take care of it with management fees. You can relax and when it is time to sell, be assured that the property will be given back to you in good order, re painted and any wear & tear rectified as per the lease. This unit is in a low risk price bracket representing one of the safest, smartest & stress free options currently available for those looking to purchase a modern unit in and around Darwin's CBD Date Built: 2015 Area Under Title: 113 square metres Zoning Information: CB (Central Business) Status: Leased until 24/2/27 Lease renewal option 1 x 36 months (3 more years) Note: The option to renew is at DHA’s discretion DHA to make good any wear and tear before handing back property at lease end Body Corporate: North Management Easements as per title: None found Outgoings: Body Corporate Levies: $1,570 per quarter (approx.) Council Rates: $1,570 per annum (approx.) DHA management/maintenance fee of 13% (inc GST)

Features

1 bedroom
1 bathroom
1 carspace
1 carport space
112 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Darwin City over the last 12 months, the estimated median property value of 504/44 Woods Street is $310k.

Median value
$310k
Estimated value range
$156.25k - $510k
Median days on market
47
Estimated value trend
16%
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 504/44 Woods Street

2025
Sold
$495,000
19 Jun 2025 by Daniel Harris, 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 16 reviews in Darwin City over the last 12 months.

Local market activity for 1 bedroom apartments in Darwin City

In the last 12 months, 75 one-bedroom apartments similar to 504/44 Woods Street, have been sold.

This represents a 23% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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Stephanie Otto

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Paul Heron

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