20/25 Sunset Drive, Coconut Grove NT 0810
20/25 Sunset Drive, Coconut Grove NT 0810
Top-floor corner unit | east aspect with cross-breezes | two car spaces plus storage | strong rental yield near 7%
This property offers a genuinely rare combination for the Coconut Grove market: a top-floor, corner position with dual-aspect light and airflow, two bathrooms, and two dedicated car spaces. For a buyer, that configuration means less competition from investors targeting basic two-bedders and stronger long-term appeal to owner-occupiers who value space and outlook. The complex’s lift access, pool, and low-maintenance finishes further reduce the friction of apartment living, making this suitable for downsizers, professionals, or as a lock-and-leave base. The rental history at $550 per week supports a yield around 7%, which is solid for a modern unit in a lifestyle location close to Nightcliff foreshore and local amenities.
The main risk is data inconsistency around the 2023 sale record at $155,400, which is almost certainly an error or partial transaction but would need title verification before exchange. That aside, the broader comparable evidence around $380,000 to $465,000 suggests fair value sits in the mid-$400,000s, with upside from the top-floor rarity and two-car allocation. The buyer’s opportunity is to secure a unit that will hold its rental and resale position better than standard apartments in the same complex. Hold for steady income or occupy for lifestyle; either way, the configuration protects your downside.
Detailed Independent Property Report prepared by PropCred Analyst team for 20/25 Sunset Drive, Coconut Grove NT 0810
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Coconut Grove is a well-established residential suburb characterised by strong owner-occupier demand, supported by its stable household demographics. Recent market activity demonstrates robust capital growth for houses, indicating sustained buyer interest in this segment. The limited sales volume suggests a tightly held market, which can underpin price resilience. Future performance will hinge on broader economic factors influencing affordability and the continued appeal of its established housing stock to local buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
2401m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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