10/96 Woods Street, Darwin City NT 0800

3 bed, 2 bath, 2 car | central Darwin City | amenity-rich complex | strong rental demand profile This property offers a rare configuration edge in a market where three-bedroom apartments with two secure car spaces are in short supply. Its position within a well-maintained 2009 complex with pool and gym provides a competitive advantage over older stock, and the central location ensures consistent renter interest. The unit is best suited to an owner-occupier seeking space and convenience, or an investor targeting a stable, high-yield holding in a capital city market. The primary risk is the elevated body corporate burden, with quarterly levies exceeding $3,300 including a special levy, which will materially compress net returns. Buyers should confirm whether the special levy is time-limited and what capital works it funds. Offsetting this, the asking price sits within a tight band of recent building sales, suggesting limited downside risk, and the gross yield range of 7.4 to 8.9 percent is strong for a well-located apartment. The opportunity lies in negotiating a discount toward the lower end of comparable sales to build in a buffer against holding costs.