2/3 Philip Street, Fannie Bay NT 0820

2/3 Philip Street, Fannie Bay NT 0820
Contemporary townhouse | generous 272mยฒ title | strong rental yield near 6% | lower-maintenance living in established suburb This townhouse was built in 2013 and is set on a 272mยฒ title, a notably spacious footprint for Fannie Bay’s inner-north market. Its three bedrooms, two bathrooms, and two car spaces are configured to feel more like a detached home than a typical unit, which is likely to appeal to downsizers and professional buyers who want modern finishes without the maintenance of a standalone house. The recent construction contrasts with much of the older stock in the suburb, and the strong rental yield, suggested by the weekly estimates, indicates consistent tenant demand in a location close to the city and coastal amenity. The quarterly body corporate levies and annual council rates may be weighed against the convenience and rental income the property offers. Its final sale price might also be influenced by the interior finish level and orientation, which are not fully confirmed from available details, so a personal inspection is recommended to assess those factors.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2/3 Philip Street, Fannie Bay NT 0820
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Market Insight:

Fannie Bay is an established inner suburb prized for its lifestyle appeal, proximity to the city, and access to foreshore amenities. Demand is driven by a diverse demographic, including families and singles, who value its walkable village atmosphere and large, leafy blocks. The housing market has demonstrated robust capital appreciation, with houses moving steadily, supported by strong rental yields. Future growth is anchored in its enduring lifestyle proposition and limited turnover, though its premium positioning inherently carries affordability considerations.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

272mยฒ

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