214 Farrar Boulevard, Johnston NT 0832
214 Farrar Boulevard, Johnston NT 0832
large 5-bed corner house | park-facing frontage | 885sqm ground-level | family-oriented suburb | high land-to-building ratio
A substantial land holding is offered by this ground-level house, and a rare sense of openness is created by the corner allotment and park-facing frontage. The five-bedroom configuration is suited to larger families, and the single-level layout is considered ideal for those wanting accessible living. This property is best positioned as a family-oriented option in a suburb where apartment product dominates, making it a distinctive choice for owner-occupiers seeking space and outdoor potential.
The property’s age and internal presentation may influence its market position, as newer apartment stock could attract buyers seeking modern finishes. Land size and corner positioning might justify a premium, but the lack of specified high-end amenities such as a pool or gourmet kitchen could moderate pricing. Buyers are advised to weigh the potential for capital growth against the cost of any required updates.
Detailed Independent Property Report prepared by PropCred Analyst team for 214 Farrar Boulevard, Johnston NT 0832
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Johnston, NT 0832 is a compact market with tightly held stock—only 70–77 house sales a year. Demand is driven by mortgage dependent owner-occupiers: 92% of owners have a mortgage, household incomes are high, and vacancy is 1.0%. Median house prices sit near $670,000–$690,000, but growth data diverge: one source shows 13.6–15.0% annual appreciation; another shows just 2.35% over the year. Units range from $375,000–$390,000, with growth of 14.7% versus 2.7%. That divergence points to a market that has cooled after a strong run. Gross yields are 5.62% for houses and 7.21% for units, with rents of $680 and $520 per week. Key risks are a thin sales market and rate sensitivity from a mortgage-heavy ownership base.
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PropCred Estimated Value
Comparable Sales: A five-bedroom corner house on 880sqm sold for $710,000; another on 890sqm sold for $725,000 | Property Price Band: $700,000 to $800,000 | Value Drivers: land size, corner aspect, park frontage
Bedrooms
5
Bathroom
2
Parking
4
Land
885m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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