41 Progress DriveNightcliff NT 0810
Property Details for 41 Progress Dr, Nightcliff
41 Progress Dr, Nightcliff is a 12 bedroom, 12 bathroom Unit with 12 parking spaces. The property has a land size of 2400m2. While the property is not currently for sale or for rent, it was last sold in February 2003.
Last Listing description (June 2023)
Territory Real Estate is proud to present this amazing opportunity for investors/developers to secure. The Consortium of Owners are offering the site - Offers Over $3,850,000 Considered.
The property has 12 x 2 bedroom units and receives a rental income of approximately $238,000 per annum.
The site is currently zoned MR under Northern Territory Planning Scheme 2020 and can facilitate a varied outcome of land uses including residential, commercial, retail and childcare Centre.
The site was identified as an 'area for change' and is within the 'Activity Centre' as defined within the Darwin Mid-Suburbs Area Plan in NT Planning Scheme.
The site has also been identified of high value for mixed uses with planning objectives including a mix of residential, commercial, retail, community and retail floor space.
The site therefore has the potential to greatly increase in density and development yield. The NT Planning Scheme identifies the site as having a built form of "Up to six Stories"
Input and Assumptions - 6 floors (Total 52 units plus 300m2 Commercial + 300m2 Retail)
Site Area 2,400m2
1 Bedroom units 12 - Net floor space 85m2 (Percentage of total 23%)
2 bedroom units 20 - Net floor space 145m2 (Percentage of total 39%)
3 bedroom units 17 - Net floor space 190m2 (Percentage of total 32%)
4 bedroom units 3 - Net floor space 220m2 (Percentage of total 6%)
Commercial - Net floor space 300m2
Retails - Net floor space 300m2
Act now as this property can sell at anytime!
Contact Stuart Rodda on 0424 780 982
Property History for 41 Progress Dr, Nightcliff, NT 0810
- 17 Feb 2021Listed for Sale Offers Over $3,850,000 Considered
- 22 Jun 2015Listed for Rent - Price not available
- 09 Oct 2004Listed for Sale Not Disclosed
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About Nightcliff 0810
The size of Nightcliff is approximately 1.5 square kilometres. It has 6 parks covering nearly 6.5% of total area. The population of Nightcliff in 2016 was 3853 people. By 2021 the population was 3884 showing a population growth of 0.8% in the area during that time. The predominant age group in Nightcliff is 30-39 years. Households in Nightcliff are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nightcliff work in a professional occupation.In 2021, 43.90% of the homes in Nightcliff were owner-occupied compared with 40.40% in 2016.
Nightcliff has 2,204 properties. Over the last 5 years, Houses in Nightcliff have seen a 35.50% increase in median value, while Units have seen a 59.96% increase. As at 31 January 2026:
- The median value for Houses in Nightcliff is $999,425 while the median value for Units is $436,132.
- Houses have a median rent of $650 while Units have a median rent of $520.
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