54/50 Mitchell StreetDarwin City NT 0800
Property Details for 54/50 Mitchell St, Darwin City
54/50 Mitchell St, Darwin City is a 1 bedroom, 1 bathroom Unit. The property has a land size of 12m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (August 2016)
This is a great little earner for a modest outlay returning a respectable $9,765 a year. Why leave your money in the bank. Do the calculation. With a CPI review due soon with this high returning investment you are guaranteed of an annual income far superior than bank interest. Mitchell Street is the action strip of Darwin packed with Restaurants, Bars and a Cinema. It is such a great location enjoyed by both local Darwinian's and tourists
- Comfortable tourist accommodation in prime city location
- Convenient shopping with the Mitchell Centre across the Street
- Lease in place until December 2019 plus Right of Renewal
- Current quarterly payments $2,441.42 with a CPI review shortly
- Small owner outgoings - Sinking fund $150 per quarter
- Plus a $1,057 contribution towards the Council Rates
- (Replacement of owner chattels may occur from time to time)
Call today, if this sounds interesting to you!
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Property Code: 1829
Property History for 54/50 Mitchell St, Darwin City, NT 0800
- 20 Oct 2023Sold for $120,000
- 07 Mar 2017Sold for $67,500
- 12 Jul 2016Listed for Sale Not Disclosed
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 5,310 properties. Over the last 5 years, Houses in Darwin City have seen a -6.24% decrease in median value, while Units have seen a 38.58% increase. As at 31 December 2025:
- The median value for Houses in Darwin City is $480,185 while the median value for Units is $474,317.
- Houses have a median rent of $650 while Units have a median rent of $630.
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