1/68 Marina Boulevard, Larrakeyah NT 0820

3 bed flat on 351m² | marina outlook in Larrakeyah | high confidence $870 weekly rent | withdrawn 2019 now back for sale The buying case rests on two things: a rare marina-facing flat with a full 351m² lot in a tightly held suburb, and rental evidence at $870 per week that suggests genuine demand from tenants who value position over size. For a buyer looking at owner-occupation or a hold-to-rent strategy, the land component gives this property a structural edge over most apartments in Darwin-it is a flat on its own title with a fenced yard, not a strata box. The balcony, ensuites, and split system air con are expected at this price point but the fully fenced outdoor space is the differentiator; it suits a professional couple or downsizer who wants low-maintenance living without losing private outdoor room. The priority school catchments add a layer of buyer pool depth that many marina properties lack. The risk is the 2019 withdrawal-no sale history since then suggests the property may have been priced above what the market would absorb, and the current $900,000–$1,000,000 range is not cheap for a flat in Darwin, even with the land. The building at 68 Marina Boulevard being a separate commercial tenancy means no direct conflict but the office lease activity in the same complex could shift the character of the immediate area toward mixed-use. The opportunity is to negotiate from the withdrawn history and the wide valuation spread-offer at the lower end of the range and hold for rental yield around 4.5% gross, with capital growth tied to Larrakeyah’s scarcity. Use it as a long-term hold with a tenant in place and revisit the sale decision when the market sees a cycle lift.