Parap at a glance
3,175
People
$1,000,000
Median sale
$415/wk
Median rent
2.16%
Suburb gross yield
Median sale from 11 recorded sales (last 24 months) — a Districts calculation.
NT › Parap › Salonika St
$400,000
For sale
Asking
1
Bedrooms
1
Bathrooms
1
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
Asking
$400,000
Asking
No recorded sale for this property.
Parap at a glance
3,175
People
$1,000,000
Median sale
$415/wk
Median rent
2.16%
Suburb gross yield
Median sale from 11 recorded sales (last 24 months) — a Districts calculation.
Vs Parap
-60.0%
Median sale
Suburb $1,000,000
+3.24 pp
Gross yield
Suburb 2.16%
Suburb median $1,000,000 from 11 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
$20,395 on top of the price (5.1% extra)
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.
Pre-filled with Parap's advertised median rent — not a rent for this listing.
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.
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. 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 $415/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.
Gross yield if leased at the suburb aggregate is 5.4%. 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
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.
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
Parap at a glance
3,175
People
$1,000,000
Median sale
$415/wk
Median rent
2.16%
Suburb gross yield
Median sale from 11 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Raine & Horne DarwinIf you're searching for an investment, this property is ready to go. Not only does it have a tenant in place, it is also spotless throughout, so you wouldn't have to lift a finger. And given its facilities and its location, it will remain popular for renters later down the line.
Should you be looking for somewhere you can move into in time, what better opportunity than this? It's as easy on the eye as it is easy on the upkeep, plus you get to enjoy all those fantastic amenities.
Alright, let's talk layout. Carefully considered, the apartment makes great use of the space. With high ceilings and heaps of natural light, it feels bright and airy, and due to its elevated position, it enjoys lovely coastal breezes when you open up those sliding doors.
Featuring neutral tones and glossy white tiles, it's perfect for the rental market, accentuated by a gorgeously stylish kitchen and smartly appointed bathroom.
For the keen cook, the kitchen will impress with stone benches, black mosaic tile backsplash and plentiful storage, complemented by quality, modern appliances including a gas stovetop and ergonomically placed dishwasher.
The bathroom scores points on practicality with a neatly integrated laundry and large vanity, while in the bedroom, there are mirrored built-in robes.
With security covered by intercom access and secure parking for one car, the complex continues to impress with its vast selection of lifestyle amenities. You can live like you're on vacation every day with access to multiple pools, a gym, putting green and driving nets, and a games room with pool table, air hockey table, table tennis and arcade games machines.
There's also a playground, BBQ areas, communal veggie garden, barramundi pond, aviary and function room. At street level, there are cafes and conveniences, while the Botanic Gardens, Mindil Beach and Parap Markets are all within walking distance.
Moments from Parap, Fannie Bay and Darwin CBD, this property has it all. Make sure you don't miss out, by calling us today to secure your inspection.
Offering access to a full suite of exceptional amenities, this tenanted one-bedroom apartment delivers immaculate executive living in an incredible lifestyle setting.
Currently tenanted until 15/11/26 at $530 p/w to create a superb investment opportunity
Polished and practical through light-filled low maintenance layout
Stunning water views from open-plan, bedroom and balcony
Glossy tiles, neutral tones and high ceilings throughout
Generous open-plan extends to balcony and beautiful sunsets
Flawless kitchen boasts quality appliances and gas cooking
Bathroom offers large vanity, shower and laundry
Split-system AC, secure intercom entry, parking for one car
Pools, gym, BBQ facilities, games room, putting green, playground
With a view you will never getting tired of, this beautifully appointed executive apartment provides everything you need in an outstanding location, while keeping the day-to-day as effortless as it should be.
Listing description written by Adam Gulliford, Raine & Horne Darwin — reproduced as published, not verified by Districts.