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127/21 Cavenagh Street, Darwin City NT 0800

Buying Guide $210,000

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$210k - $221k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 1 Bed 1 Bath 1 Car 52 m² 52 m²

Listed: 37 days ago

Overview

Located in the vibrant heart of Darwin City, this well-appointed studio-style unit offers an exceptional blend of urban convenience and investment appeal. Its strategic position adjacent to shopping hubs like Smith Street Mall and the Cavenagh retail precinct ensures that residents have effortless access to an array of dining, entertainment, and everyday amenities.

The residence’s design maximizes functionality within its 52 square meters, featuring a spacious master bedroom complete with built-in robes, providing practical storage solutions without compromising on comfort. The easy-access kitchenette allows for simple meal preparation, making the most of the compact yet efficient layout.

A corner bath within the bathroom enhances the living experience by offering a relaxing space, complemented by a dedicated laundry cupboard that adds convenience to daily routines. Air-conditioning via a split system ensures comfort year-round in the tropical climate.

One of the property’s noteworthy attributes is its private balcony with harbour-facing views, providing a serene spot to unwind and take in the cityscape and waterfront. Additionally, secure rooftop car parking affords residents peace of mind and valuable convenience in the bustling CBD environment.

This property is particularly appealing to investors, supported by a robust rental return exceeding 8%, and a current lease extending until March 2027, promising steady income. It also suits professionals or individuals seeking a manageable, low-maintenance residence with a coveted city base.

Local Market Insights

In Darwin City, Quiet Listings observed 9 new units entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $526,556. The property type mix of listed properties is predominantly Apartments at 59%, followed by units (31%), and commercial properties (7%). The most active agency for units in the Darwin City area is currently Real Estate Central, representing 56% of new listings, followed by Ray White with 22%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.