7/100 Farrar Boulevard, Farrar, NT 0830 | Property Value & History | OnTheHouse
 
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7/100 Farrar Boulevard
Farrar NT 0830

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 68m2
Land area: 191m2
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Property Details for 7/100 Farrar Bvd, Farrar

7/100 Farrar Bvd, Farrar is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2015. The property has a land size of 191m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
2015
Floor Size
68m2
Land Size
191m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 13047/UTS2015/010

Last Listing description (August 2021)

This well located property is only minutes from the Palmerston CBD and has a long term Government lease in place with great returns. This would suit an investor looking for guaranteed returns and a long lease with regular income. The low maintenance complex keeps the body corp cost low meaning you can keep more of the rental income for yourself.

Features include:

* $520 per week rent, minimum locked in until 2025, rent can't go down.
* Management fee includes maintenance so there is no unexpected bills
* Low body corporate fees to maximise your net return
* Long term lease so no gaps in income for almost 5 years
* Would suit investors looking for solid returns and low risk

A small courtyard with garden shed is included with this unit giving occupants some extra room outdoors in the fresh air. Parking is undercover and at the front door of the property for added convenience.

Area under title: 191 m
Easements: Nil on title
Council rates: $1,770 per year (approx)
Body Corp Manager: North Management
Body Corp outgoings: $521.90 (approx) per quarter.
Leased until: 28/4/2025
Lease amount: $520 per week

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Property History for 7/100 Farrar Bvd, Farrar, NT 0830

A timeline of how this property has performed in the market
Last Sold
$280,000
07 Apr 2021
Listed for Rent
$294/w
21 May 2018
  • 07 Apr 2021
    Sold for $280,000
  • 06 Oct 2020
    Listed for Sale $299,000
  • 03 May 2018
    Listed for Rent $294 / week
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About Farrar 0830

The size of Farrar is approximately 1.5 square kilometres. It has 4 parks covering nearly 7.2% of total area. The population of Farrar in 2016 was 1518 people. By 2021 the population was 1650 showing a population growth of 8.7% in the area during that time. The predominant age group in Farrar is 30-39 years. Households in Farrar are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Farrar work in a trades occupation.In 2021, 55.80% of the homes in Farrar were owner-occupied compared with 52.00% in 2016.

Farrar has 676 properties. Over the last 5 years, Houses in Farrar have seen a 50.31% increase in median value, while Units have seen a 58.90% increase. As at 31 October 2025:

  • The median value for Houses in Farrar is $721,653 while the median value for Units is $468,789.
  • Houses have a median rent of $700 while Units have a median rent of $580.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Farrar on OnTheHouse. According to Cotality's data, 71 properties were sold in the past 12 months in Farrar.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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