5/15 Somerville Gardens, Parap, NT 0820 | Property Value & History | OnTheHouse
OFF MARKET

5/15 Somerville Gardens
Parap NT 0820

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 85m2
Land area: 136m2
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Property Details for 5/15 Somerville Gdns, Parap

5/15 Somerville Gdns, Parap is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2010. The property has a land size of 136m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in December 2010.

Building Type
Unit
Year Built
2010
Floor Size
85m2
Land Size
136m2
Local Government
Darwin

Last Listing description (March 2025)

Property Specifics:
Year Built: 2010
Area Under Title: 136 square metres

Rental Status: Tenanted till April 2025
Rental Estimate: Approx. $580 to $620 per week
Council Rates: Approx. $1,700 per year
Body Corporate: North Management
Body Corporate Levies: Approx. $1,545 per quarter
Pet friendly: Yes
Vendor's Conveyancer: Keylaw Conveyancing
Preferred Settlement Period: 30-45 days from the contract date
Preferred Deposit: 10%
Zoning: MR (Medium Density)

With its markets, dining options and great local amenities, there are plenty of reasons Parap is as popular as it is! Ideally positioned at the heart of it all, this two-bedroom apartment creates the perfect opportunity to purchase in Parap. Perfect for first-home buyers looking to occupy in a few months or savvy investors with a great tenant in place already.

- Beautifully presented second-floor apartment in a quiet boutique complex
- Quiet, leafy position within walking distance of Parap Village Markets
- Practical layout enhances low-maintenance living for ease in the everyday
- Attractive kitchen flaunts two-tone cabinetry and modern appliances
- Distinct zones offered through spacious open-plan, extending to the balcony
- Generous balcony provides private alfresco entertaining and verdant views
- Two well-proportioned bedrooms each featuring built-in robes
- Spotless ensuite and main bathroom, both offering walk-in shower
- Internal laundry adds convenience with handy built-in storage
- Covered parking for two vehicles provided within the complex
- Elevator access to the unit

If you're looking for a ready-to-go investment in an outstanding location, they really don't come much more appealing than this!

Positioned on the second floor, the apartment impresses instantly with its modern, practical layout, where everyday comfort, practicality and convenience are of the highest priority.

At its heart, a bright open-plan offers a relaxed hub with distinct zones for living and dining. These are overlooked by a stylish kitchen, boasting plentiful storage, modern appliances and a lovely two-tone design.

Whether you're looking for space to relax or entertain, the spacious balcony has that covered, as it seamlessly extends the interior living space, to offer a lush tropical outlook.

You'll also notice both bedrooms are generously sized, and both feature built-in robes. With an ensuite to the master, there is also a spotless main bathroom, as well as a separate internal laundry providing handy internal storage.

With split-system AC and floor tiles throughout, this enhances its cool, comfortable appeal, while parking for two completes the package.

Of course, you have popular attractions such as Parap's weekend markets, superb dining and the local pool all within walking distance, with Fannie Bay's beach just beyond. It's also only five five-minute drive to the city, cutting that commute to almost nothing.


To arrange a private inspection or make an offer on this property, please contact Sanjukta Ghosh 0412 471 475 or Elissa Riddell 0428 932 828

Property History for 5/15 Somerville Gdns, Parap, NT 0820

A timeline of how this property has performed in the market
Last Sold
$460,000
14 Dec 2010
Listed for Rent
$490/w
07 Nov 2023
  • 13 Jan 2025
    Listed for Sale Offers over $400,000
  • 06 Apr 2023
    Listed for Sale $388 000
  • 29 Aug 2019
    Listed for Rent - Price not available
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About Parap 0820

The size of Parap is approximately 1.1 square kilometres. It has 11 parks covering nearly 11.7% of total area. The population of Parap in 2016 was 2747 people. By 2021 the population was 2819 showing a population growth of 2.6% in the area during that time. The predominant age group in Parap is 30-39 years. Households in Parap are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Parap work in a professional occupation.In 2021, 36.10% of the homes in Parap were owner-occupied compared with 34.10% in 2016.

Parap has 1,835 properties. Over the last 5 years, Houses in Parap have seen a 37.39% increase in median value, while Units have seen a 12.44% increase. As at 30 November 2025:

  • The median value for Houses in Parap is $912,802 while the median value for Units is $406,316.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 10 properties listed for sale, and 13 properties listed for rent in Parap on OnTheHouse. According to Cotality's data, 112 properties were sold in the past 12 months in Parap.

Suburb Insights for Parap 0820

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.