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NT › Darwin City › Cavenagh St

2031/55 Cavenagh St, Darwin City, NT, 800

For saleUnit

$300,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

96 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $300,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $300,000(Listing record · 25 Feb 2025)
  • FactLand 96 m²; no building size recorded.(Property record)
  • CalculationIf it leased at Darwin City's advertised median rent ($450/wk), implied gross yield would be 7.80% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$300,000

Asking · $3,125/m² of land

No recorded sale for this property.

Darwin City at a glance

8,597

People

No data

Median sale

$450/wk

Median rent

No data

Suburb gross yield

See the full Darwin City report →

Total cost to purchase

Purchase Price
$300,000
Stamp Duty (Northern Territory)
$10,414
Transfer/Registration Fee
$181
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$314,295

$14,295 on top of the price (4.8% extra)

  • Stamp Duty (Northern Territory)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Northern Territory schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Darwin City's advertised median rent — not a rent for this listing.

Net yield
6.30%
Annual cashflow (pre-tax)
$3,300
Interest cover (DSCR)
1.21
Annual rent
$23,400
Operating expenses
$4,500
Loan amount
$240,000
Annual interest
$15,600
Gross yield
7.80%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$300,000available25 Feb 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NT

Why this lot, not just this suburb

Why could this property outperform?

NT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from official geometry. Listed land size is 96 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $450/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 7.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    NT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from official geometry. Listed land size is 96 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. This jurisdiction has no comparable official bond series in the free set.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Darwin City in one glance

Darwin City at a glance

8,597

People

No data

Median sale

$450/wk

Median rent

No data

Suburb gross yield

See the full Darwin City report →

Keep researching

  • Why Darwin City? Read the area thesis →
  • What else is on the market in Darwin City →
  • Other records on Cavenagh St →

Listing material

Listed by LJ Hooker Darwin

Investment Only - set and forget !

� Stylish, serviced apartment within Metro Advance Apartments complex

� Modern, open-plan layout with contemporary furnishings maintained by the hotel

� Spacious living and dining area, complemented by a handy study nook

Read the full description

� Private balcony overlooking the pool, providing an ideal alfresco retreat

� Well-appointed galley kitchen featuring quality appliances and ample storage

� Generous master bedroom with dual built-in robes and sleek ensuite

� Second bedroom also offers a built-in robe and plenty of space

� Main bathroom includes a shower-over-bath design plus an integrated laundry

� Year-round comfort with split-system air conditioning throughout

� Secure parking for one vehicle, plus access to a pool and outdoor entertaining area

Situated on the second floor of Metro Advance Apartments, this fully furnished and serviced two-bedroom apartment presents an excellent low-maintenance investment opportunity in the heart of the CBD. With shops, restaurants, cafes, and nightlife just a short stroll away, it delivers convenience and lifestyle appeal in equal measure.

Offering a seamless investment opportunity, this apartment is professionally maintained and managed by Metro Advance Apartments, ensuring minimal hands-on involvement for the owner.

Inside, the open-plan living space is bright and welcoming, creating a comfortable area to relax, dine, or work. The adjoining balcony extends the space outdoors, providing a picturesque spot overlooking the complex pool.

The sleek kitchen boasts a practical galley-style layout, complete with modern appliances, generous storage, and ample bench space.

Both bedrooms are well-proportioned, with the master featuring dual built-in robes and a private ensuite. The second bedroom also includes built-in storage and is conveniently positioned near the main bathroom, which incorporates an internal laundry.

Additional perks include split-system air conditioning for climate control, hotel-managed furnishings for ease of maintenance, and access to secure parking, lift facilities, and a resort-style pool with a sun deck and alfresco dining area.

A fantastic option for investors looking to expand their portfolio, this apartment benefits from a highly sought-after location, just moments from Woolworths, Smith Street Mall, Mitchell Street's vibrant nightlife, and an array of amenities.

Area under title: 96 SQM

Council Rates: $1700 per year

Status: Leased until OCT 2027 at approximately $1400 per month

Motivated sellers

Body Corporate: $328 per Qtr

Elec & Water is paid by the metro

Status: Investment only until end of Head Lease

please contact Riley Loy for further information.

Listing description written by Riley Loy, LJ Hooker Darwin — reproduced as published, not verified by Districts.

Property features

  • Pool
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.