59/21-23 Cavenagh StreetDarwin City NT 0800
Property Details for 59/21-23 Cavenagh St, Darwin City
59/21-23 Cavenagh St, Darwin City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 39m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 1 bedroom Unit sold in Darwin City in the last 12 months.
Last Listing description (July 2025)
Located right in the heart of Darwin CBD and approximately 300m to the CDU Darwin City Campus, is this currently tenanted studio apartment producing an attractive 8.7% gross return.
This apartment should continue to represent a healthy return on investment as the new CDU campus ramps up and rental accommodation becomes even more scarce.
Its simplicity and location make it an attractive option for investors looking for cash flow with minimum fuss.
The apartment offers the occupant intercom access, level three position, with easy lift access and withing close proximity to supermarkets, cafes, restaurants, GPO, GP facilities as well as all Darwin CBD has to offer.
There isn't much more to say about this apartment. The numbers and location tell story.
Body Corporate Manager: Elite Strata Management
Body Corporate Levies: $1,202.50/qtr
Council Rates: Approximately $1,900p.a.
Property History for 59/21-23 Cavenagh St, Darwin City, NT 0800
- 18 Jul 2025Sold for $151,100
- 11 Mar 2025Listed for Sale $157,000
- 03 Dec 2024Sold for $35,280
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 5,316 properties. Over the last 5 years, Houses in Darwin City have seen a -3.05% decrease in median value, while Units have seen a 35.39% increase. As at 31 October 2025:
- The median value for Houses in Darwin City is $519,482 while the median value for Units is $450,608.
- Houses have a median rent of $640 while Units have a median rent of $620.
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