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NT › Coconut Grove › Sunset Dr

U10, 29 Sunset Dr, Coconut Grove, NT, 810

For saleUnit

$489,000

For sale

Asking

2

Bedrooms

2

Bathrooms

2

Car spaces

152 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $489,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $489,000(Listing record · 22 June 2026)
  • FactLand 152 m²; no building size recorded.(Property record)
  • CalculationAsk is 64% below the Coconut Grove median recorded sale ($1,365,000, n=8, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Coconut Grove's advertised median rent ($300/wk), implied gross yield would be 3.19% — 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

$489,000

Asking · $3,217/m² of land

No recorded sale for this property.

Coconut Grove at a glance

3,100

People

$1,365,000

Median sale

$300/wk

Median rent

1.14%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Coconut Grove report →

Vs Coconut Grove

-64.2%

Median sale

Suburb $1,365,000

+2.05 pp

Gross yield

Suburb 1.14%

Suburb median $1,365,000 from 8 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$489,000
Stamp Duty (Northern Territory)
$23,049
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
$515,930

$26,930 on top of the price (5.5% 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 Coconut Grove's advertised median rent — not a rent for this listing.

Net yield
1.69%
Annual cashflow (pre-tax)
$-17,163
Interest cover (DSCR)
0.33
Annual rent
$15,600
Operating expenses
$7,335
Loan amount
$391,200
Annual interest
$25,428
Gross yield
3.19%

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$489,000available22 June 2026

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 152 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 $300/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 3.2%. 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 152 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

Coconut Grove in one glance

Coconut Grove at a glance

3,100

People

$1,365,000

Median sale

$300/wk

Median rent

1.14%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Coconut Grove report →

Keep researching

  • Why Coconut Grove? Read the area thesis →
  • What else is on the market in Coconut Grove →
  • Other records on Sunset Dr →

Listing material

Listed by @realty

Top Floor Living with Stunning Sea Views & Year Round Sunsets

Positioned on the top floor of a well-maintained complex, this apartment offers an enviable lifestyle in one of Darwin's most sought-after coastal locations. With uninterrupted sunset views across the Arafura Sea, cooling sea breezes, and a spacious open plan design, this is an outstanding opportunity for owner-occupiers, first-home buyers, downsizers, or investors seeking a low-maintenance property in a premium setting.

Enjoy the convenience of having everything at your doorstep. Just a short stroll from the waterfront walking and cycling paths, popular cafés, restaurants, weekly markets, and local shopping centre with Woolworths, this central Coconut Grove address delivers the perfect balance of lifestyle and practicality. Darwin CBD, Royal Darwin Hospital, Charles Darwin University, and Darwin International Airport are all within easy reach.

**Property Highlights**

Read the full description

- 2 spacious bedrooms, including a main bedroom with extra-large built-in robes and private ensuite

- 2 bathrooms, including a combined bathroom and laundry

- Open plan living and dining area capturing ocean views and refreshing sea breezes

- Balcony with spectacular sunset and tropical storm views

- Modern kitchen with stainless steel appliances and dishwasher

- Split-system air conditioning throughout

- Tiled flooring throughout for easy maintenance

- New blinds installed throughout

- Private storage area adjacent to the unit

- Lift access within the complex

- Secure parking

- Approximately 2 minutes' walk to local shopping centre with Woolworths

- Approximately 5 minutes' walk to the waterfront walking and cycling paths, cafés, restaurants, nightlife, and weekly markets

- Less than 10 minutes to Darwin International Airport, Charles Darwin University, Royal Darwin Hospital, and Darwin CBD

Properties offering this combination of breathtaking views, modern comfort, and unbeatable convenience are rarely available. Secure your place in this vibrant coastal community and experience the relaxed Darwin lifestyle that makes Sunset Drive such a desirable address.

Additional Information:

• Year Built: 2007

• Status: Tenanted – ideal for investors seeking immediate rental income

• Current Rent: $640 per week

• Lease Ending: 13/07/2027

• Body Corp Manager: Ace Body Corporate Management

• Total Body Corporate Fees (approx.): $1,360 per quarter

• Darwin City Council Rates (approx.): $1,678.21 per annum

• Pets are not permitted in this complex

Contact me today at 0417508800 or nicolewheeler@atrealty.com.au to schedule a private viewing and experience the beauty and convenience of this property for yourself.

Make an Offer: https://myatrealty.com/v2/properties/354769/listings/79144/submitofferform

Disclaimer: While every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must satisfy themselves by inspection or otherwise. Although high standards have been used in preparing this document, no legal responsibility can be accepted for any loss or damage resulting from the content or use of this information. Any photographs show only certain parts of the property as they appeared when taken. Areas, amounts, measurements, distances, and all other numerical information are approximate only. Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take necessary action to satisfy themselves with any pertinent matters.

Listing description written by Nicole Wheeler, @realty — reproduced as published, not verified by Districts.

Districts

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

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