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NT › Bakewell › Mannikan Ct

U3, 31 Mannikan Ct, Bakewell, NT, 832

For saleUnit

$520,000

For sale

Asking

3

Bedrooms

2

Bathrooms

4

Car spaces

465 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $520,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $520,000(Listing record · 12 Aug 2026)
  • FactLand 465 m²; no building size recorded.(Property record)
  • CalculationAsk is 28% below the Bakewell median recorded sale ($717,500, n=16, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Bakewell's advertised median rent ($380/wk), implied gross yield would be 3.80% — 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

$520,000

Asking · $1,118/m² of land

No recorded sale for this property.

Bakewell at a glance

3,417

People

$717,500

Median sale

$380/wk

Median rent

2.75%

Suburb gross yield

Median sale from 16 recorded sales (last 12 months) — a Districts calculation.

See the full Bakewell report →

Vs Bakewell

-27.5%

Median sale

Suburb $717,500

+1.05 pp

Gross yield

Suburb 2.75%

Suburb median $717,500 from 16 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$520,000
Stamp Duty (Northern Territory)
$25,569
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
$549,450

$29,450 on top of the price (5.7% 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 Bakewell's advertised median rent — not a rent for this listing.

Net yield
2.30%
Annual cashflow (pre-tax)
$-15,080
Interest cover (DSCR)
0.44
Annual rent
$19,760
Operating expenses
$7,800
Loan amount
$416,000
Annual interest
$27,040
Gross yield
3.80%

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$520,000available12 Aug 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 465 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 $380/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 3.8%. 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 465 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

Bakewell in one glance

Bakewell at a glance

3,417

People

$717,500

Median sale

$380/wk

Median rent

2.75%

Suburb gross yield

Median sale from 16 recorded sales (last 12 months) — a Districts calculation.

See the full Bakewell report →

Keep researching

  • Why Bakewell? Read the area thesis →
  • What else is on the market in Bakewell →
  • Other records on Mannikan Ct →

Listing material

Listed by Ray White Palmerston

Great 3 bedroom unit with fantastic wraparound yard

Property Specifics:

Year Built: 2007

Council Rates: Approx. $2161.66 per year

Read the full description

Area Under Title: 465 square metres

Rental Estimate: Approx. $680 - $720 per week

Body Corporate: Ace Body Corporate Management

Body Corporate Levies: Approx. $1,853 per annum

Pet friendly: Pets on application to Body Corporate

Vendor's Conveyancer: Saunders Conveyancing

Preferred Settlement Period: 30-45 days from the contract date

Preferred Deposit: 10%

Easements as per title: Electricity supply Easement to Power and Water Corporation

Zoning: MR (Medium Density)

Status: Vacant possession

Boasting an expansive grassy yard, this ground-level unit combines effortless appeal with

plentiful alfresco space, ideally located only 150m from Bakewell Shopping Centre. With every

essential conveniently close at hand, this is a must-see for homebuyers and investors alike!

- Smartly presented three-bedroom unit within secure, well-maintained complex

- Light-filled, seamlessly connected single-level layout extends effortlessly outdoors

- Neat two-toned kitchen features breakfast bar dining and modern appliances

- Airy open-plan flows out to covered verandah and private wraparound yard

- Large master with alfresco access, walk-in robe and ensuite with shower

- Two further bedrooms with built-in robes, one with private patio at side

- Main bathroom with shower, separate internal laundry adds functional appeal

- Fully tiled and air-conditioned throughout to provide year-round comfort

- Two covered, allocated car spaces, side gate access offers additional parking

- Pets on application to the body corporate, excellent pet-friendly yard

Low maintenance living ensures everyday upkeep is easy through this attractively appointed three-bedroom unit, positioned on the ground level of a secure complex with remote intercom access and a remote gate to the carpark up front.

Ready to move into or rent out, the unit shows off effortless neutrals and crisply tiled floors through a practical yet spacious layout. It's light, it's bright and it's inviting, enjoying a natural flow outdoors from the open-plan and two bedrooms.

And what an outdoor space to step out into! An undeniably appealing highlight, the large wraparound yard is perfect for kids and pets at play (pets on application). It could easily be kept as is, or for those with green thumbs, it could be transformed into a leafy slice of paradise. Back inside, the open-plan and kitchen offer an inviting hub to unwind in. In terms of the cook space, it features ample storage, modern appliances and breakfast bar dining.

Each of the bedrooms feels airy and generous, with the oversized master creating a lovely escape, complete with rear verandah access, walk-in and ensuite. Another patio sits off the second bedroom, with the tidy main bathroom and separate laundry completing the layout.

Adding further functional appeal, there is allocated undercover parking for two cars, a storeroom at the front of the unit, and side gate access to the yard.

Schools and parks are close at hand - and anything you can't get at Bakewell Shopping Centre is only a short drive away in Palmerston's main shopping hub.

To arrange a private inspection or make an offer on this property, please contact Ryan Rowsell 0478 700 844 or Rachael Barz 0418 673 760 at any time.

Listing description written by Ryan Rowsell, Ray White Palmerston — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Fully Fenced
  • Outdoor Entertaining
  • Study
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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.