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Back 9/38 George Cres
Off Market

9/38 George Cres

Fannie Bay NT 0820

2
1
1
104 m²
Unit
Lydelle WilsonLydelle Wilson, last sold this property on 23 June 2025 after 915 days on market.

Overview

Leased investment opportunity in highly desired location

Fannie Bay investment opportunity with estimated 6.8% Gross ROI (Return On Investment) Opportunity! The Property Just a short walk to Fannie Bay Esplanade, Lake Alexander, and East Point reserve. In the other direction also just a short walk from this property, you will find Fannie Bay shops, popular Cafes, and required amenities. Recently refurbished this property features 2 spacious sized Bedrooms, 1 Bathroom with laundry combined, functional kitchen and is conveniently located on the ground floor with car parking directly in front of the property. Being located on the ground floor this property also features a back patio area, which is partially undercover allowing for a BBQ and outdoor setting. Highlighted Features Includes: * Safe and secure investment opportunity * Affordable Price * Premium Highly Desired location * End Apartment within the building * Fully Tiled * 2 Bedrooms x 1 Bathroom x 1 Car Park * New Ceiling Fans * Functional Kitchen * Rear Patio area * Parking Directly in front of the property The Return Leased at $430 per week, until March 2025, providing an estimated Gross ROI of over 6.8%. Other important information: Area Under Title: 104 sqm Year built: 1982 Council Rate: $1,600.00 (approx.) p.a. Body Corporate: Whittles * Admin Fee: $1,137.00 (approx.) p.q. * Sinking Fund: $424.00 (approx.) p.q. Status: Currently Leased at $430 per week, expiring March 2025 Preferred Deposit: 10% or variation upon request Preferred Settlement: 45 days or variation upon request For all enquiries or private inspection please phone Lydelle Wilson on 0448 380 207 or email lydelle@ofndarwin.com.au

Features

2 bedrooms
1 bathroom
1 carspace
1 open car space
104 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Fannie Bay over the last 12 months, the estimated median property value of 9/38 George Cres is $416.25k.

Median value
$416.25k
Estimated value range
$235k - $675k
Median days on market
39
Estimated value trend
28%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Fannie Bay. 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 9/38 George Cres

2025
Sold
Undisclosed
23 Jun 2025 by Lydelle Wilson, of First National Real Estate O'Donoghues
2024
Rented
Undisclosed
Leased on 17 Sep 2024 by First National Real Estate O'Donoghues
2024
Rented
Undisclosed
Leased on 19 Mar 2024 by First National Real Estate O'Donoghues

Happy sellers in Fannie Bay

87%
87% of sellers in Fannie Bay reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 3 reviews in Fannie Bay over the last 12 months.

Local market activity for 2 bedroom units in Fannie Bay

In the last 12 months, 8 two-bedroom units similar to 9/38 George Cres, have been sold.

This represents a 100% decrease in two-bedroom units 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 Fannie Bay

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Paul Heron

Sellers who recommend Paul Heron have praised them for being local expert, clear communication, honest, trustworthy, stress-free process, reliable and supportive

  •   5   (72 reviews)
  •  2 Reviews in Fannie Bay
  •  2 Sales in Fannie Bay
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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)
  •  1 Review in Fannie Bay
  •  1 Sale in Fannie Bay
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Travis Uzkuraitis

Travis Uzkuraitis is a recommended agent for Fannie Bay.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   4.6   (16 reviews)
  •  1 Review in Fannie Bay
  •  1 Sale in Fannie Bay
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Andrew Harding

Andrew Harding is a recommended agent for Fannie Bay.  They have 10 local sales across the last 12 months.

  •   4.9   (79 reviews)
  •  10 Sales in Fannie Bay
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