18/38 George Cres, Fannie Bay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 113m2 and floor size of 150m2.This Property is currently listed for sale with Ray White Bayside
Tenanted until March 2027, this one-bedroom apartment creates an effortless investment in a standout location. Enjoying a quiet position on the fringes of East Point Reserve, it's also only moments to the foreshore and Fannie Bay's shops.
One-bedroom unit in small, quiet complex
Perfectly positioned on the first (top) floor
Calling all investors! With a tenant in place, this ideally located apartment creates a solid addition to your portfolio, while also offering potential to add value with updates.
Situated on the top floor within a double-storey complex, the apartment offers a peaceful and private base in a fantastic location. Compact yet practical, the layout is superbly low maintenance, keeping everyday upkeep to a minimum.
Featuring high ceilings, it feels light and airy through both the open-plan and generous bedroom. Through the kitchen, everything is neatly laid out, adjoining the airy open-plan for seamless interaction.
In the bedroom, a wall of built-in storage is a handy addition, as is the integrated laundry within the bathroom. Completing the package is AC, louvres and a small balcony at the front of the unit. Car parking is allocated for one car.
Of course, location is the major drawcard here. Situated within highly desirable Fannie Bay, the apartment is just a short stroll from the foreshore, where you find pathways that trail the water up to Lake Alexander and East Point Reserve.
It's also a short walk to the iconic Fannie Bay Coolspot and its surrounding conveniences, as well as the Sailing and Trailer Boat Clubs. Parap is close at hand, while Darwin CBD is only 10 minutes away.
Status: Leased until March 2027 at $330 p/w
Area under Title: 70 square metres approximately
Year built: 1992 approximately
Whittles Body Corporate Fees: $1,185 per quarter approximately
Darwin City Council Rates: $1,800 per annum approximately
Zoning: LMR (Low-Medium Density Residential)
The size of Fannie Bay is approximately 2.1 square kilometres. There are 15 parks, covering nearly 38.7% of the total area. The population of Fannie Bay in 2016 was 2624 people. By 2021 the population was 2875 showing a population growth of 9.6% in the area during that time. The predominant age group in Fannie Bay is 30-39 years. Households in Fannie Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Fannie Bay work in a professional occupation.In 2021, 45.70% of the homes in Fannie Bay were owner-occupied compared with 51.40% in 2016.
Fannie Bay has 1,510 properties. Over the last 5 years, Houses in Fannie Bay have seen a 41.47% increase in median value, while Units have seen a 27.46% increase. As at 31 July 2026:
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