Property Details for 5/4 Wells St, Parap
5/4 Wells St, Parap is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1970. While the property is not currently for sale or for rent, it was last sold in August 2022.
Last Listing description (July 2022)
Top-floor Parap apartment offers excellent value
Seize this excellent entry-level opportunity to buy into prestigious Parap with this top-floor apartment set in a lush tropical complex. The apartment is well presented throughout in neutral contemporary tones, and features generous open-plan living and two good-sized bedrooms. Best of all is this prime Parap setting opposite Darwin Turf Club, walking distance to Parap Village Markets, moments to the beach and less than 10 minutes to the city.
- Open-plan living/dining area with large glass louvre windows
- Corner kitchen with s/steel stove and overhead cabinets
- Louvre window and large modern vanity also to bathroom
- Modern built-in robes to both well-proportioned bedrooms
- Large glass louvre window banks also to both bedrooms
- Split-system air con units to living/dining and both bedrooms
- Modern downlights and contemporary floor tiling throughout
- Shaded off-street parking provided in small, low-rise complex
- Well-maintained tropical gardens also to peaceful complex
Investors put a tenant straight into this well-presented apartment with absolutely no work to do, or owner/occupiers move in and enjoy this beautiful Parap location with no maintenance hassles.
Enter directly into the open-plan living/dining area that captures cooling breezes through large glass louvre windows, and awaits your personal interior design touch with contemporary neutral tones and modern floor tiling.
The corner kitchen adjoins the living/dining area at rear and also features a glass louvre window, plus a freestanding stainless steel electric stove.
Two generous bedrooms join the main bathroom off the main living/dining space. Large banks of glass louvre windows and modern built-in robes feature in both bedrooms, and the stylish bathroom has been renovated with a semi-frameless glass shower, contemporary tiling and a large modern vanity.
The apartment also features modern downlights and ceiling fans throughout, and split-system air conditioning units to the living/dining area and both bedrooms ensure your comfort.
Shaded parking is also provided in the peaceful complex that features lush tropical gardens throughout.
This low-maintenance apartment will be popular with owner/occupiers and investors alike. Be first in line to see it and organise your inspection today.
Council Rates: Approx. $1,530 per year
Area Under Title: 81 square metres
Year Built: 1995
Zoning: LR (Low Density Residential)
Status: Vacant Possession
Rental Estimate: Approx. $400 - $450 per week
Body Corporate: Whittles
Body Corporate Levies: Approx $1,112
Vendors Conveyancer: Conveyancing
Building Report: available online
Pest Report: available online
Settlement period: 30 days or negotiable
Deposit: 10% or variation on request
Easements as per title: none found
Property History for 5/4 Wells St, Parap, NT 0820
- 20 Jun 2022Sold for $272,500
- 16 Jun 2022Listed for Sale $272,500
- 25 Sep 2015Listed for Rent $350 per week
Recent sales nearby
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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 1,832 properties. Over the last 5 years, Houses in Parap have seen a 35.61% increase in median value, while Units have seen a 44.57% increase. As at 31 January 2026:
- The median value for Houses in Parap is $934,308 while the median value for Units is $410,269.
- Houses have a median rent of $670 while Units have a median rent of $620.
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