506/24 Litchfield Street, Darwin City NT 0800

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506/24 Litchfield Street, Darwin City NT 0800

Owners Looking For Buyers Over $420,000

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$420k - $441k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 2 Beds 2 Baths 1 Car 164 m²

Listed: 13 days ago

Updated: 1 hour ago

Overview

Situated on the fifth floor in the vibrant heart of Darwin City, this spacious unit at 506/24 Litchfield Street offers a perfect blend of comfortable city living and investment potential. A key highlight is the oversized courtyard that sets this property apart from other units in the complex, providing a significant outdoor living area directly accessible from the open-plan living and dining space. This seamless indoor-outdoor flow enhances the apartment's functionality and creates an inviting space for entertainment, alfresco dining, or simply enjoying the tropical climate.

Inside, the thoughtfully designed floorplan includes two sizable bedrooms, with the primary suite boasting an ensuite bathroom and a walk-in wardrobe, catering well to privacy and storage needs. The presence of two bathrooms adds convenience for residents and guests alike. Tiles and air-conditioning throughout the unit emphasize ease of maintenance and comfort, accommodating the relaxed Territory lifestyle.

The unit also features secure parking and a dedicated storage room, ideal for residents looking for practicality and security in an urban setting. Additional amenities within the complex include a lagoon-style swimming pool and a gym, offering residents lifestyle and leisure opportunities without leaving their home environment.

Larger than average courtyard for enhanced outdoor enjoyment.
Dual bathrooms including ensuite servicing main bedroom.
Walk-in robe in main bedroom enhancing storage.
Open-plan living with excellent natural flow to outdoor space.
Secure parking and additional storage room.
Access to community facilities including swimming pool and gym.
Currently leased at $660 per week, providing a compelling 7.3% gross rental yield based on the asking price.

This residence is particularly suited to investors seeking steady rental returns with a central location, or professionals desiring low-maintenance, well-appointed city living. Its unique courtyard and comprehensive facilities make it a standout offering in Darwin's property market.

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.