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Back 704/39 Cavenagh Street
Off Market

704/39 Cavenagh Street

Darwin City NT 0800

3
2
2
152 m²
Apartment
Last sold for $485,000
Nathan CunneenNathan Cunneen, last sold this property on 23 June 2025 after 35 days on market.

Overview

Top Floor Luxury with 7.5% Yield – High-Return Investment with Stunning Views

For more property information text 704CAV to 0488 810 057 Investor alert – Short-stay rental income approx. $8,000/month during peak season! Perched on the top floor of the iconic Kube building, this THREE-bedroom apartment offers panoramic views across Darwin City and beyond. With a prime CBD location and unbeatable elevation, this property presents a golden opportunity for both lifestyle buyers and investors chasing strong returns. Inside, the apartment features an open-plan layout with cool tiled floors and air conditioning throughout. The kitchen is both stylish and functional, complete with stone benchtops, quality Miele appliances, a dishwasher, and colourful splashbacks that add personality to the space. All three bedrooms include built-in robes, and the master boasts its own ensuite along with direct access to the full-width balcony where you can soak up incredible city and rooftop views. The main bathroom is thoughtfully designed with generous storage, and there's also a separate internal laundry for added convenience. The top-floor position not only maximises privacy and light but also elevates the appeal for short-stay guests. This apartment has been quoted to generate around $8,000/month during the dry season or can be leased at $720/week, offering a 7.5% gross yield. Residents enjoy access to a secure entry system, a stunning in-ground pool, and an unbeatable location close to restaurants, shops, and Darwin's waterfront precinct. • Top Floor Position with Spectacular Views • Council Rates: Approx. $1,715 per annum • Area Under Title: 152m² • Year Built: 2014 • Zoning: CB (Central Business) • Status: Vacant Possession • Rental Estimate: Approx. $680 – $720 per week • Body Corporate: North Management • Body Corporate Fees: Approx. $2,783 as of 31/07/25 • Conveyancer: TBA • Settlement: 45 days or variation on request • Deposit: 10% or variation on request • Easements: As per title

Features

3 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
152 m² lot size
Apartment

Estimated Value

Based on this property and similar 3 bedroom apartments sold in Darwin City over the last 12 months, the estimated median property value of 704/39 Cavenagh Street is $572k.

Median value
$572k
Estimated value range
$370k - $1.85m
Median days on market
59
Estimated value trend
8%
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 704/39 Cavenagh Street

2025
Sold
$485,000
23 Jun 2025 by Nathan Cunneen, 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 3 bedroom apartments in Darwin City

In the last 12 months, 78 three-bedroom apartments similar to 704/39 Cavenagh Street, have been sold.

This represents a 10% decrease in three-bedroom apartments 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 Darwin City

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Stephanie Otto

Stephanie Otto is a recommended agent for Darwin City.  They have 17 local sales and collected 5 local reviews across the last 12 months.

  •   5   (14 reviews)
  •  5 Reviews in Darwin City
  •  17 Sales in Darwin City
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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)
  •  4 Reviews in Darwin City
  •  8 Sales in Darwin City
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Nikki Vazanellis

Sellers who recommend Nikki Vazanellis have praised them for being local expert, clear communication, supportive, honest, responsive, well-prepared and friendly

  •   5   (144 reviews)
  •  3 Reviews in Darwin City
  •  3 Sales in Darwin City
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Nathan Cunneen

Nathan Cunneen is a recommended agent for Darwin City.  They have 2 local sales and collected 3 local reviews across the last 12 months.

  •   5   (6 reviews)
  •  3 Reviews in Darwin City
  •  2 Sales in Darwin City
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