28 Union Terrace, Anula NT 0812

817m² easement-free lot | modernised 1976 ground-level | dual living zones + study | inground spa + tropical gardens This property presents a competitively strong offering within its suburb, primarily due to its larger, usable 817 square metre block which is notably free of easements-a practical rarity that enhances utility and privacy. The thoughtful modernisation, dual living zones, and dedicated study nook transition a solid 1976-built structure into a functional contemporary home, best serving a family or owner-occupier seeking space, established gardens, and a low-maintenance, single-level layout. Its proximity to schools and amenities, coupled with reliable utilities, anchors it firmly in a convenient, family-oriented neighbourhood, positioning it as a move-in ready proposition rather than a renovation project. The decision hinges on acknowledging its age; built in 1976, the underlying structure and systems demand a meticulous building and pest inspection, a non-negotiable cost to mitigate latent defect risk. The commercial opportunity lies in leveraging its modernised condition and oversized block against typical stock, which supports rental demand and provides tangible space for a boat or trailer. Given its configuration and updates, this property is positioned to hold well for an owner-occupier, with its rental yield offering a viable secondary strategy, though its value growth will be intrinsically linked to the broader Darwin market rather than speculative local development. Recent comparable sales provide essential context: the property itself last sold for $590,000 in January 2023. While specific prices for other nearby sales are not detailed, this historical benchmark indicates significant potential equity growth if recent suburb median trends are accurate. For a buyer, this underscores the importance of securing an independent valuation to test the current asking price against the demonstrated sales history and the property’s enhanced modern features.