42/50 South TerraceThe Gap NT 0870
Property Details for 42/50 South Tce, The Gap
Last Listing description (November 2025)
Welcome to Unit 42, 50 South Terrace a low-maintenance, move-in-ready home in the heart of The Gap. Combining comfort, convenience, and a great lifestyle, this spacious two-bedroom unit is an ideal choice whether youre stepping into the market, looking to downsize, or securing a smart investment.
Inside, natural light fills the open-plan living and dining area, flowing to a functional kitchen with plenty of storage. Both bedrooms are generously sized with built-in robes, while split-system air conditioning keeps the home comfortable year-round. The private courtyard is perfect for your morning coffee, weekend BBQs, or simply relaxing outdoors.
Features youll love:
- Open-plan living and dining
- Practical kitchen with ample storage
- Split-system air conditioning
- Tidy bathroom with full-size shower and internal laundry
- Private courtyard for outdoor living and entertaining
- Secure undercover parking
- Well-kept complex with landscaped common areas
Why youll love the location:
- Walk to shops, schools, and public transport
- Minutes to Alice Springs CBD
- Close to walking trails and parks
- Strong rental demand in a sought-after suburb
With affordable body corporate fees and solid rental potential, this brick beauty delivers excellent value in a tightly held pocket of Alice Springs. Move in and enjoy or rent out and reap the rewards.
-Council Rates- $2,136.56 p.a.
- Body Corporate: $1087.80 p.q. (Admin: $1,001.00, Sinking: $86.80)
Property History for 42/50 South Tce, The Gap, NT 0870
- 02 Oct 2025Sold for $270,000
- 08 Aug 2025Listed for Sale Under Contract
- 21 Apr 2011Sold for $320,000
Recent sales nearby
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0About The Gap 0870
The size of The Gap is approximately 1.6 square kilometres. There are 7 parks, covering nearly 16.5% of the total area. The population of The Gap in 2016 was 1709 people. By 2021 the population was 1945 showing a population growth of 13.8% in the area during that time. The predominant age group in The Gap is 30-39 years. Households in The Gap are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in The Gap work in a professional occupation.In 2021, 34.30% of the homes in The Gap were owner-occupied compared with 38.00% in 2016.
The Gap has 972 properties. Over the last 5 years, Houses in The Gap have seen a 0.17% increase in median value, while Units have seen a 20.12% increase. As at 30 September 2026:
- The median value for Houses in The Gap is $443,004 while the median value for Units is $332,515.
- Houses have a median rent of $550 while Units have a median rent of $420.
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