2/40 Lorna Lim TerraceDriver NT 0830
Property Details for 2/40 Lorna Lim Tce, Driver
2/40 Lorna Lim Tce, Driver is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1996. The property has a land size of 117m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 2 bedroom Unit sold in Driver in the last 12 months.
Last Listing description (October 2026)
For more property information including body corporate and reports text 2L to 0488 810 057
Offering easy-care living in a convenient Palmerston location, this first-floor two-bedroom apartment combines a practical layout with a private balcony, great storage and easy access to shops, dining and local amenities. Currently tenanted until June 2027, it also presents a great investment opportunity with an established tenancy already in place.
Two spacious bedrooms with built-in robes and split-system air-conditioning
Open-plan living and dining with direct balcony access
Functional kitchen with breakfast bar and ample storage
Private covered balcony ideal for relaxing outdoors
Bathroom with shower and vanity, plus separate toilet
Separate lock-up storage room downstairs
Undercover parking within the complex
Currently tenanted until June 2027
Quiet setting surrounded by parkland
Walking distance to Palmerston Shopping Centre, CBD and golf course
Inside, the open-plan living area creates a comfortable central space, flowing directly onto the private balcony. The kitchen sits at the heart of the apartment and provides plenty of storage and bench space for everyday use.
Both bedrooms are generously sized with built-in robes and air-conditioning, while the downstairs storage room adds valuable extra space.
With an established tenancy secured until June 2027 and shops, restaurants, parkland and the Palmerston CBD all close by, this is a fantastic opportunity for investors looking to secure a well-positioned, low-maintenance property.
Offering easy-care living in a convenient Palmerston location, this first-floor two-bedroom apartment combines a practical layout with a private balcony, great storage and easy access to shops, dining and local amenities. Currently tenanted until June 2027, it also presents a great investment opportunity with an established tenancy already in place.
Two spacious bedrooms with built-in robes and split-system air-conditioning
Open-plan living and dining with direct balcony access
Functional kitchen with breakfast bar and ample storage
Private covered balcony ideal for relaxing outdoors
Bathroom with shower and vanity, plus separate toilet
Separate lock-up storage room downstairs
Undercover parking within the complex
Currently tenanted until June 2027
Quiet setting surrounded by parkland
Walking distance to Palmerston Shopping Centre, CBD and golf course
Inside, the open-plan living area creates a comfortable central space, flowing directly onto the private balcony. The kitchen sits at the heart of the apartment and provides plenty of storage and bench space for everyday use.
Both bedrooms are generously sized with built-in robes and air-conditioning, while the downstairs storage room adds valuable extra space.
With an established tenancy secured until June 2027 and shops, restaurants, parkland and the Palmerston CBD all close by, this is a fantastic opportunity for investors looking to secure a well-positioned, low-maintenance property.
The Finer Points
Council Rates: Approx. $2,161.66 per annum
Area Under Title:117m
Year Built: 1996
Zoning: MR (Medium Density)
Status: Leased @ $440 per week until 1 June 2027
Rental Estimate: Approx. $480 - $530 per week
Body Corporate: North Management
Body Corporate Levies: Approx. $1,032 per quarter
Settlement period: 45 days or variation on request
Easements: As per title
Deposit: 10% or variation on request
Property History for 2/40 Lorna Lim Tce, Driver, NT 0830
- 25 Sep 2026Sold for $339,000
- 21 Sep 2026Listed for Sale SOLD
- 26 May 2022Listed for Rent $370 / week
Recent sales nearby
See more recent sales nearby/assets/perm/joghxtv6lyi6nphy3wnnubva4q?signature=a195282d0349ac84a04c1b34556cced008660cd38d67e423e7e1996e82d20631){kind=logo}
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0About Driver 0830
The size of Driver is approximately 1.7 square kilometres. There are 16 parks, covering nearly 30.2% of the total area. The population of Driver in 2016 was 2884 people. By 2021 the population was 2747 showing a population decline of 4.8% in the area during that time. The predominant age group in Driver is 30-39 years. Households in Driver are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Driver work in a trades occupation.In 2021, 51.50% of the homes in Driver were owner-occupied compared with 52.10% in 2016.
Driver has 1,224 properties. Over the last 5 years, Houses in Driver have seen a 33.67% increase in median value, while Units have seen a 35.75% increase. As at 30 September 2026:
- The median value for Houses in Driver is $630,881 while the median value for Units is $412,307.
- Houses have a median rent of $678 while Units have a median rent of $550.
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