70/18 Salonika Street, Parap, NT 0820 | Property Value & History | OnTheHouse
OFF MARKET

70/18 Salonika Street
Parap NT 0820

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Floor area: 59m2
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Property Details for 70/18 Salonika St, Parap

70/18 Salonika St, Parap is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2014. The property has a floor size of 59m2.

Building Type
Unit
Year Built
2014
Floor Size
59m2
Local Government
Darwin

Last Listing description (October 2013)

The Avenue - Setting the Benchmark
This apartment represents outstanding value in what is without a doubt one of Darwin???s most sought after new residential developments. This is a golden opportunity for an owner occupier or investor to secure the lowest priced 1 bedroom apartment in the stage 1 of The Avenue Precinct while achieving excellent capital gains during the course of construction.
??? Located in Stage 1 - ???Spirit on the Avenue???

??? One bedroom Apartment ??? the very popular ???Boardwalk??? design was completely sold out until this apartment was released back to the market today.
??? Spacious living area totaling 69m2 (62m2 of internal living + 7m2 balcony).
??? Excellent layout with separate laundry
??? Located high up on Level 9 overlooking all the resort style amenities below with lovely views of Fannie Bay, East Point and out to Nightcliff.
??? Two car parks on title located in the secure basement car park
??? Large 3m x 3m fully enclosed storeroom with power and lighting located in front of your car parks
??? Fully tiled throughout including bedroom. Double Shower.
Quality Fixtures & Finishes
??? Miele s/s appliances
??? Craftsmen built joinery
??? 9 foot ceilings
??? Imported 500mm x 500mm floor tiles
??? Essa Stone bench tops in kitchen & bathrooms
??? Fibre optic cabling
??? Pay TV points in living area & bedroom
??? Your choice of three ultra modern colour selections
??? Award winning Signature security and building management system in all apartments.
Position
The Avenue is superbly located on one of Darwin???s highest points in the Gardens??? Precinct. Overlooking Mindil Beach with sweeping views of the City and Darwin Harbour across the Botanical Gardens and sunset views of Fannie Bay to the west and north. On your doorstep are the Mindil and Parap markets, Ski Club, Sailing Club and Yacht Club. Conveniently located between major roads with ready access to bicycle and walking paths.
Darwin???s Leading Developer.
The winner of seven MBA awards for the Hastings Over Mindil development, Osborne Family Holdings (OFH), a Territory company, can rightly claim leading developer status in the NT.
The Avenue offers extremely reasonable body corporate rates. Compare what you get with our rates to what is on offer to other new developments around the CBD with our resort style amenities (over 6,000m2 ) located on the podium level ???
??? Manicured lawns & fully maintained gardens
??? Enormous Leisure Pool with Sundeck & BBQ entertaining pod
??? 25m two lane Lap Pool
??? Flood lit Tennis court
??? Games Room
??? 120m2 fully equipped gymnasium
??? 9 x BBQ Entertaining Pods
??? Deck Chair Cinema
??? Barramundi Pond
??? Basketball Court
??? Children???s Playground
??? Function Room with kitchen & audio visual equipment
??? Sports Field
??? Vegetable Gardens
??? Bird Avery
??? Cricket nets
??? Mini Golf circuit
??? Golf Practice Nets
??? Oversized Board Games ??? Chess, Backgammon & Scrabble
The Avenue precinct will also feature a large variety of retail shops, restaurants, medical centre, child care centre and supermarket.
Full time onsite management team ensuring the complex is maintained to the highest standard.
Stage One - Spirit on The Avenue will be completed and ready to occupy by early 2014, allowing plenty of time for the apartments to appreciate in value. Construction is well underway.
Body Corp - $1,105 per quarter (approx)
Council Rates $1,000 per year (approx)
Completion Date ??? First Quarter 2014
Terms ??? 10% cash deposit or bank guarantee. Balance to be paid at completion date.
Please visit our Sales Office in Nylander St, Parap to view a highly detailed scale model of the whole development and to obtain a comprehensive information pack.

Property History for 70/18 Salonika St, Parap, NT 0820

A timeline of how this property has performed in the market
  • 27 Feb 2013
    Listed for Sale 474000
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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 1,834 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 12 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.