12/16 Houston StreetLarrakeyah NT 0820
Property Details for 12/16 Houston St, Larrakeyah
12/16 Houston St, Larrakeyah is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1984. The property has a land size of 75m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
Last Listing description (June 2026)
For more property information text 1216H to 0488 810 057
Positioned in one of Darwin's most sought-after suburbs, this beautifully presented apartment offers the perfect combination of lifestyle, location and investment performance.
Investment overview -
Current rent $625 per week until 6th July 2026
New lease signed for $675 per week from 7th July 2026 until 6th July 2027
Gross return on investment approx. 7.5% pa
Low body corporate levies approx. $1,437 per quarter
Property overview -
Overlooking the lush fairways of Gardens Golf Course and capturing stunning sunset views across Mindil Beach and beyond, this is an opportunity to secure a quality property in a tightly held pocket of Larrakeyah.
Thoughtfully renovated throughout, the apartment features a clean and contemporary white palette, updated kitchen and bathrooms, and a solid brick construction designed to stand the test of time. Ocean breezes flow effortlessly through the home, creating a relaxed tropical atmosphere all year round.
Located just moments from the Darwin CBD, Mindil Beach Markets, the Waterfront Precinct, restaurants, cafes and entertainment venues, the lifestyle appeal is undeniable.
For investors, the numbers stack up just as well. A long-term tenancy is already in place, with the current tenants recently committing to a further 12-month lease until July 2027. Returning $675 per week and delivering an impressive 7.5% ROI, this is a genuine set-and-forget investment in a proven growth location.
Property Highlights
2 bedrooms | 2 bathrooms | 1 car park on title
Spectacular golf course and sunset views
Ocean breezes and tropical lifestyle
Updated kitchen and bathrooms
Modern white colour palette throughout
Solid brick construction
Long-term tenants secured until July 2027
Rental return of $675 per week
Approx. 7.5% gross rental yield
Premium Larrakeyah location close to Darwin CBD, Mindil Beach and The Gardens
Whether you're looking to grow your investment portfolio or secure a quality property in one of Darwin's premier suburbs, this is an opportunity not to be missed.
Finer Points
Council Rates: Approx $1,800 per annum
Area Under Title: 75 metres squared
Year Built: 1984
Zoning: HR (High Density)
Status: Tenanted until July 2027 @ $675 per week
Potential ROI: 7.5% per annum
Rental Estimate: Approx.$650 - $750 per week
Body Corporate: Elite Strata Management
Body Corporate Levies:Approx. $1,437 per quarter
Settlement period: 45 days or variation on request
Easements: As per title
Deposit: 10% or variation on request
Property History for 12/16 Houston St, Larrakeyah, NT 0820
- 11 Jun 2026Listed for Sale Offers Over $470,000
- 19 Jun 2025Listed for Rent $625 / week
- 12 May 2025Sold for $345,000
Recent sales nearby
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0About Larrakeyah 0820
The size of Larrakeyah is approximately 2.0 square kilometres. There are 8 parks, covering nearly 5.3% of the total area. The population of Larrakeyah in 2016 was 3729 people. By 2021 the population was 3943 showing a population growth of 5.7% in the area during that time. The predominant age group in Larrakeyah is 20-29 years. Households in Larrakeyah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Larrakeyah work in a professional occupation.In 2021, 32.10% of the homes in Larrakeyah were owner-occupied compared with 32.30% in 2016.
Larrakeyah has 2,254 properties. Over the last 5 years, Houses in Larrakeyah have seen a 26.16% increase in median value, while Units have seen a 28.13% increase. As at 31 May 2026:
- The median value for Houses in Larrakeyah is $1,048,282 while the median value for Units is $532,897.
- Houses have a median rent of $1,100 while Units have a median rent of $650.
Suburb Insights for Larrakeyah 0820
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