3 Johnston Place, Rapid Creek NT 0810

3 Johnston Place, Rapid Creek NT 0810
Large 1,150 sqm block | 3-bed 1-bath 4-car house | Rare inner-north holding | Condition-driven value | Family or renovator The property is defined by its substantial land area, a rare commodity in this inner-northern suburb. Generous outdoor space is supported by the 1,150 sqm allotment, along with parking for four vehicles and potential for extension or redevelopment, subject to council approval. Functional family living is offered by the three-bedroom layout, while the single bathroom and older construction style are typical of the suburb’s established character. Buyers seeking a long-term family residence with scope to add personal upgrades, or investors targeting large-block opportunities in a tightly held location, are best suited to this property. Property value may be influenced by dwelling condition, as older finishes and systems might need near-term investment. Perceived comfort is potentially affected by orientation of living areas, while family appeal might be limited by a single bathroom. Upside might be offered by development potential, yet subdivision is likely dependent on planning controls. The final result could also be shaped by market timing and buyer competition. >> Comparable Sales: prior sales of 3-bed houses on 1,100m²+ blocks ranged $900k-$1M | Property Price Band: $1.0M-$1.1M | Value Drivers: land size, renovation scope, street position
Detailed Independent Property Report prepared  by PropCred Analyst team for 3 Johnston Place, Rapid Creek NT 0810
Checks found:
Value Risk ! 1
Liquidity Risk ✓
Planning Risk ✓
Income Risk ✓
Execution Risk ✓
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Market Insight

Rapid Creek’s housing market is positioned well above Darwin norms, with a median house price of $935,000 to $940,000 on recent figures, while units sit at $435,000. Demand is led by professionals aged 30-39 and 20-29, earning $78,000-$130,000, drawn by rental yields of 5% to 7% and positive cash-flow prospects. House prices compounded 17.5% annually, though alternative measures show a more subdued 1.6% or slight decline, reflecting thin turnover of just 27-31 sales and tight supply, with no listings last month. Average 60 days on market indicates slower buyer urgency. Future drivers include infrastructure along Nightcliff Road and Casuarina Drive and interstate investor interest, but constraints are affordability relative to the NT median, rate sensitivity, and low liquidity.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

1119m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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