Farrar at a glance
1,829
People
$758,000
Median sale
$455/wk
Median rent
3.12%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
NT › Farrar › Magoffin St
4
Bedrooms
2
Bathrooms
3
Car spaces
654 m²
Land
121 m²
Building
Districts View
View not ready — official layers are still retrieving for this property. Official planning layers still retrieving. Flood / bushfire / heritage not yet retrieved. No recorded sale price for this property. Districts does not score a property it cannot yet see.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
No recorded sale price for this property yet.
Farrar at a glance
1,829
People
$758,000
Median sale
$455/wk
Median rent
3.12%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NTNT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from official geometry. Listed land size is 654 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.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $455/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownNT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from official geometry. Listed land size is 654 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Farrar at a glance
1,829
People
$758,000
Median sale
$455/wk
Median rent
3.12%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Buy My PlacePhone Enquiry ID: 63435
Situated just minutes to the Palmerston CBD is another solid home built by Beare Homes back in 2008 when the popular family suburb of Farrar was established.
The open-plan living that flows to the all important outdoor area, with cleverly designed cross flow ventilation, is a signature feature from Beare Homes who have decades of building properties to suit the tropical climate of the NT. A large resort sized in-ground pool adds to the lifestyle factor for the new home owners, especially with the hotter months just around the corner.
The modern kitchen is perfectly designed for those who enjoy entertaining. It has a large island bench central to the heart of the house and it overlooks the rear outdoor area, complete with a servery window. There's no shortage of storage space with a large double door pantry, overhead cupboards and under bench storage and drawers.
The lounge and dining areas sit adjacent to the kitchen and being open plan, there is easy access to the front and rear verandahs and the kids can be seen from literally anywhere in the main living zone of the house.
The generous sized main bedroom is at the rear of the home which gives parents much appreciated privacy. It has a "his and her walk-thru robes" with mirrored doors which then lead through to the ensuite. The remaining 3 bedrooms are all spacious with built in robes and more than enough room for queen sized beds, desks and other bedroom furniture.
The main bathroom features a tub which is a bonus for families with younger children. An outdoor laundry area means space inside the home isn't wasted and you can make the most of undercover outdoor drying space which is handy in the wet season.
The outdoor area at the rear of the home is where you'll spend the majority of your time. The full length verandah is also wide enough to provide protection from the elements but makes a great spot for watching the summer storms and lightning shows over the ridges and creekbeds on the horizon that Farrar has become famous for.
The kids will love the space to run and play in the back yard as well as the pool (which can be easily seen from the dining room and kitchen inside) and a large shade sail provides plenty of protection during the hotter times of the year. A 9m2 garden shed has heaps of room for the tools and extra storage.
There's a 2 car carport at the front of the house which gives you direct covered entry into the home and to top it all off, an extra parking space to the side of the house perfect for the quintessential NT boat or camper trailer! A large full width gate also allows direct access down the side of the house to the back yard.
The entire home has full security screens and doors, ceiling fans and split-system air-conditioners throughout. All the extras included!! And an established yard with landscaped garden beds means the work outside is done as well. Just walk right in and start enjoying your new home!!
Bus Route 74 stops on Farrar Boulevard - a short walk from your front door and all there's a choice of schools, shops and all amenities you could want. All only a few minutes drive (or walk!) including the newly opened $300M Palmerston Gateway shopping hub that features more than 120 retailers and food outlets, Events Cinemas, the latest nightclub and a choice of restaurants - even family friendly ones!
This property is currently rented at $550pw representing great value for investors returning around 5%pa.
The owners are reluctantly selling but are motivated and ready to discuss offers. Don't waste time - this one will not last long.
Phone Enquiry ID: 63435
Listing description written by Buy My Place, Buy My Place — reproduced as published, not verified by Districts.