1 Marrabala Court, Lyons NT 0810
1 Marrabala Court, Lyons NT 0810
4/2/2 modern detached house | 618m² low-density plot | Electricity easement noted | Near hospital and schools | Strong family rental demand |
This house is presented as a conventional, well-proportioned family floor plan with four bedrooms, two bathrooms, and a double lock-up garage. The 246 square metres of building area on a 618 square metre title is consistent with the suburb’s established low-density character, and the 2010 construction means the property is relatively modern, with tiled, air-conditioned interiors throughout. Access to the hospital, parks, schools, and major shopping is provided by its location on the fringe of Darwin’s northern suburbs, and a short drive to Casuarina Beach and Buffalo Creek is also available. The house is best suited to an owner-occupier family wanting a move-in ready home in a quiet, established pocket, or to an investor seeking stable rental demand from professionals linked to nearby services. The electricity supply easement to Power and Water Corporation is a standard infrastructure arrangement and does not diminish functionality.
Value may be shaped by the easement, which could affect future subdivision or development potential, though the low-density zoning already limits such uses. The property’s age and condition are likely to be the main price determinants, as the lack of recent renovations might position it slightly below newly built homes. The 618 square metre block should be weighed against comparable stock, noting that slightly larger or more elevated parcels may attract a premium. The current rental estimate in the mid-$900s per week is seen as evidence of strong income potential, but this may also reflect the broader market cycle rather than a unique property advantage.
>> Comparable Sales: A 2010-built 4/2/2 on a 620m² block sold for $860k; another similar home sold for $835k | Property Price Band: $800k–$900k | Value Drivers: modern build, land area, internal-access garage |
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Marrabala Court, Lyons NT 0810
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Lyons, a small suburb in Darwin’s northern suburbs, is a tightly held family market. Couples with children and professionals drive demand, with rental households a clear majority and a vacancy rate near 1% underpinning house yields of roughly 5.8–5.9%. Median house prices vary by source, from $740,000 to $808,750, with annual growth ranging from -7.4% to +2.1%, reflecting a market that has cooled after earlier gains. Sales volume is thin at around 19–48 houses per year, while median days on market ranges from 55 to 136, suggesting patchy buyer demand. Future growth depends on limited stock and steady rental demand; risks include price variability and high mortgage exposure among owners.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
618m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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