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805/24 Litchfield Street

Darwin City NT 0800

1
1
1
93 m²
Unit
Currently for sale - view listing

Overview

High-Yield CBD Performer, Gross yield 9.5%

The smartest investments are often the simplest ones. Secure a quality asset, place a reliable tenant, collect consistent income and let time do the heavy lifting. Welcome to 805/24 Litchfield Street. Positioned in the heart of Darwin's CBD, this oversized one-bedroom apartment represents the type of investment many buyers are now actively seeking-a genuine set and forget asset delivering immediate returns and exceptional flexibility. Currently returning $620 per week to a long-term tenant who has happily called the property home for the past ten years and has indicated their desire to continue living here, the investment case is refreshingly straightforward. Income begins from settlement, management is uncomplicated and the existing tenancy, provides immediate rental income while retaining flexibility for future owner-occupiers or investors. At $340,000, the numbers speak for themselves. Delivering a gross rental yield at over 9.5%, well above many metropolitan alternatives, without sacrificing lifestyle appeal or tenant demand. Inside, approximately 93 square metres of living space creates a generous footprint rarely seen in CBD apartments. The open-plan design flows effortlessly to a private balcony, while secure undercover parking and a dedicated storeroom provide practical advantages that tenants value and owners appreciate. As part of the unique dual-title arrangement with The Mantra Pandanus, residents enjoy secure access to resort-style facilities including the swimming pool and gymnasium. Residents also enjoy direct access to the Mantra Hotel lobby and restaurant via lift access, adding further appeal in a market where convenience drives occupancy. The location does the rest. Cafés, restaurants, offices, retail shopping and everyday essentials are all within walking distance, creating the type of low-maintenance urban lifestyle that continues to attract long-term tenants and professionals alike. Adding another layer of opportunity, the CB (Central Business) zoning provides future flexibility for home office or business use (subject to approvals), broadening the property's appeal beyond traditional residential investment. Markets evolve. Taxation settings change. Investment strategies adapt. One principle remains constant: quality assets producing reliable income are always in demand. 805/24 Litchfield Street is exactly that, a high-yield, low-maintenance CBD investment designed to perform today while preserving options for tomorrow! The Finer Points • Council Rates: Approx.$1760 per annum • Area Under Title: Approx. 93 metres squared • Year Built: 2005 • Zoning: CB (Central Business) • Pool Status: Not Applicable • Status: Tenanted - 24 March 2016 to current • Rental Estimate: Approx. $620 Per Week • Body Corporate: Whittles Body Corporate • Body Corporate Levies: Approx. $2852 Per Quarter inclusive • Settlement period: 45 days or variation on request • Easements: As per title • Deposit: 10% or variation on request

Features

1 bedroom
1 bathroom
1 carspace
1 carport space
93 m² floor area
Unit

Happy sellers in Darwin City

92%
92% 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 14 reviews in Darwin City over the last 12 months.

Local market activity for 1 bedroom units in Darwin City

In the last 12 months, 23 one-bedroom units similar to 805/24 Litchfield Street, have been sold.

This represents a 30% increase in one-bedroom units sales when compared to the previous 12 months.

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