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54/17 May Street, Ludmilla NT 0820

$410,000

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$410k - $431k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 2 Beds 2 Baths 2 Cars

Listed: 20 days ago

Overview

This well-presented unit at 54/17 May Street in the sought-after suburb of Ludmilla offers a practical and low-maintenance lifestyle, ideal for a range of buyers including first-home purchasers, downsizers, professional couples, or investors. Strategically positioned close to Darwin CBD, local amenities, schools, and transport, the property enjoys both convenience and comfort.

The residence features a functional design with comfortable bedrooms equipped with built-in storage, which enhances organization and convenience. The practical kitchen offers good storage options, supporting efficient meal preparation routines. The living and dining areas are designed to be functional and welcoming, suitable for everyday living or entertaining.

Outdoor living is supported by a private outdoor space, providing an area for relaxation or hosting guests in a secure and intimate setting. Additionally, the unit offers secure parking with two open car spaces, an appealing feature for homeowners or tenants with multiple vehicles.

Investors will appreciate the current rental yield, with the property leased at $540 per week until January 2027, accompanied by managed body corporate and reasonable administrative fees, sinking fund contributions, and council rates.

Convenient Ludmilla location with close proximity to Darwin CBD and local amenities
Low-maintenance lifestyle suitable for different buyer types
Comfortable two-bedroom unit with built-in storage
Functional kitchen and living areas supporting practical living
Private outdoor space enhancing lifestyle possibilities
Secure parking spaces for two vehicles
Currently leased, offering immediate investment potential

This versatile unit provides a balanced proposition for homeowners seeking easy living or investors aiming for reliable returns in a popular Darwin suburb.

Local Market Insights

In Ludmilla, Quiet Listings observed 3 new units entering the market over the last 30 days, down from 8 during the previous 30-day period, with an average advertised asking price of $536,667. The property type mix of listed properties is predominantly Houses at 41%, followed by townhouses (22%), and apartments (22%). The most active agency for units in the Ludmilla area is currently Elders Real Estate, representing 67% of new listings, followed by @Realty with 33%. 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.