16/93 Woods StreetDarwin City NT 0800
Property Details for 16/93 Woods St, Darwin City
16/93 Woods St, Darwin City is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 70m2 and floor size of 75m2.
Last Listing description (April 2019)
Investors take note of this excellent opportunity for a secure, long-term 5% NET yielding property, providing a genuine set and forget investment. The tightly held City Garden Apartments are situated in the Darwin CBD and consists of 16 two bedroom self-contained serviced apartments., with this apartment being 70sqm in size. The last sale in the complex was in 2010, highlighting what impressive earners they've been for owners over the years.
The complex offers fantastic facilities for it's guests and the apartment, which has been recently renovated, provides a modern and comfortable base that is central to the CDB. This really is a no brainer if you are looking to an investment for your Super or another other type of investor looking to dip into the market at a low cost entry point.
FEATURES AT A GLANCE:
* Open plan living and dining area with balcony overlooking tropical gardens
* Renovated kitchen and bathroom providing a modern feel
* A/C throughout property, tiles in living area, and carpet in bedrooms
* Resort style pool within the complex for guests
* Ideal location only a short walk to the CBD, Waterfront or Mindil Beach
RENT/OUTGOINGS:
* $1,735 per month fixed for 2 years with 3% increase annually thereafter
* Rent review every 5 years adjusted at 5% on valuation
* Option for 3 additional 5 year rental periods
* Rents paid monthly in advance
* Council Rates are $1,400 per annum
* Body Corporate fees are $500 per quarter
Property History for 16/93 Woods St, Darwin City, NT 0800
- 15 May 2017Listed for Sale $349,000 - 5% NET YIELD
Recent sales nearby
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0About Darwin City 0800
The population of Darwin City in 2016 was 6464 people. By 2021 the population was 7149 showing a population growth of 10.6% in the area during that time. The predominant age group in Darwin City is 20-29 years. Households in Darwin City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Darwin City work in a professional occupation.In 2021, 22.10% of the homes in Darwin City were owner-occupied compared with 22.80% in 2016.
Darwin City has 5,302 properties. Over the last 5 years, Houses in Darwin City have seen a -11.90% decrease in median value, while Units have seen a 39.23% increase. As at 31 January 2026:
- The median value for Houses in Darwin City is $473,056 while the median value for Units is $472,893.
- Houses have a median rent of $650 while Units have a median rent of $645.
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