28/26 Marina Boulevard, Larrakeyah NT 0820

2-bedroom apartment | 1996 build | secure parking & pool | pet-friendly upon application | within Larrakeyah school zone This unit presents a competitively strong rental proposition within a well-established Darwin suburb, anchored by its inclusion in the priority enrolment zones for Larrakeyah Primary and Darwin High School, a persistent demand driver for family tenants. The configuration of two bedrooms with a single bathroom and secure parking is standard, but the pet-friendly policy and access to an in-ground pool within the complex are operational advantages that broaden its tenant appeal and support rental resilience. The property serves an investor seeking stable, long-term yield from a working-age demographic, given the suburb’s balanced population profile, rather than a buyer prioritizing capital growth from a premium or renovated offering. The decision hinges on reconciling the apparent 26.9% price appreciation since 2021 against the compression of gross yield from 9.9% to 6.9% at the current asking price, signalling that recent value gains have been captured by the vendor. Specific risk mechanisms include body corporate levies nearing $9,500 annually, which directly erode net income, and the lack of disclosed strata health raises potential for special levies. The opportunity lies in acquiring a tenanted unit with reliable infrastructure in a low-overlay location, but the commercial logic only holds if purchase price negotiation bridges the gap between the $416,000 estimated value and the $425,000 ask. Proceed only with a stringent strata review and a below-asking offer, positioning this as a hold property for yield, not for short-term value play.