$240,000 to $265,000
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4/8 Banyan Street, Fannie Bay NT 0820

Apartment
111
Block size: 1823 m² approx.

Prime Investment Opportunity: Affordable Unit in Prestigious Fannie Bay

Phone enquiries - please quote property ID 33317.

Rare Gem:
Seize the rare opportunity to acquire an entry-level property in the prestigious locale of Fannie Bay, just moments away from the iconic East Point Reserve. This affordable one-bedroom unit offers the perfect blend of convenience and low-maintenance living, making it an ideal choice for individuals, couples, or astute investors seeking to enhance their portfolio.

Convenient Lifestyle:
Boasting one bedroom and one bathroom, this unit is within walking distance of the renowned East Point Reserve, Fannie Bay Shopping Village, and the popular Cool Spot Cafe. With proximity to Parap primary and pre-schools, the Aquatic Centre, Parap Shopping Village, Darwin Middle School, and the Trailer Boat Club, residents will enjoy easy access to a plethora of lifestyle amenities. The Darwin CBD is also just minutes away, with public transport readily available if needed.

Versatile Living Space:
Spanning a total of 53 square meters under the title, this unit presents a blank canvas for further renovation opportunities. Recent refurbishments include a renovated bathroom and replacement of carpets throughout. Split-system air conditioning ensures comfort throughout the unit. The open living/kitchen area creates a welcoming atmosphere, leading seamlessly to the dining area, ideal for hosting guests and entertaining.

Tranquil Neighborhood:
Nestled in a quiet and friendly complex of 11 units, this property offers a serene retreat for residents. Shared laundry facilities and a single-car park add to the convenience of living in this desirable location.

Investment Potential:
Currently leased until 01/08/2024 at $300 per week, with the potential to increase to $350, this property presents an attractive investment opportunity. Whether retaining the current tenant and extending the lease or occupying the unit personally, this is a chance to experience the benefits of residing in one of Darwin's most exclusive suburbs at an affordable price point.

Don't Miss Out:
Don't let this opportunity pass you by. Contact us today to arrange a viewing and secure your foothold in the prestigious Fannie Bay neighbourhood.

DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.

Inspections

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Key details

Bedrooms:
1
Bathrooms:
1
Garage Spaces:
1
Property type:
Apartment
Block Size:
1823 *

Other Details

Parcel:
1777
Legal description:
200//1777/4
No Agent Property

Maps and area information

Block information
Block size: 1823 (approx)
Legal description: 200//1777/4
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Sorry, overlays are not available for this address
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
01 Oct 2020
Sold
Elders Real Estate Darwin | Palmerston | Leanyer
Listed: 31/10/2019
Transfer type: Full transfer
01 Oct 2020
Sold
Elders Real Estate Darwin | Palmerston | Leanyer
Listed: 31/10/2019
Transfer type: Full transfer
01 Oct 2020
Sold
Elders Real Estate Darwin | Palmerston | Leanyer
Listed: 31/10/2019
Transfer type: Full transfer
01 Oct 2020
Sold
Elders Real Estate Darwin | Palmerston | Leanyer
Listed: 31/10/2019
Transfer type: Full transfer
01 Oct 2020
Sold
Elders Real Estate Darwin | Palmerston | Leanyer
Listed: 31/10/2019
Transfer type: Full transfer

Fannie Bay suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
40 years
Population
2,875
Listing ID: 182366136. This listing has been viewed 7 times. It was first displayed on 12/03/2024 and last updated on 23/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.