33/3 Michie Court, Bayview NT 0820

3-bed apartment in Bayview | 120sqm with pool | premium marina-side positioning | sold $428k in 2024 This property offers a rare configuration for the Bayview apartment market—three bedrooms, two bathrooms, and two car spaces within 120 square metres, which is substantially larger than most units in the precinct. The in-ground pool and courtyard add genuine lifestyle appeal, and the marina-side location places it in a tighter demand catchment than inland suburbs. For a buyer seeking a low-maintenance home with genuine space and amenity, this unit holds competitive advantage over the typical two-bedroom stock dominating the area. It suits owner-occupiers prioritising comfort and location over short-term capital growth. The primary risk is the gap between the June 2024 sale at $428,000 and the $615,000 asking price—a 44 percent increase in under twelve months that automated valuations do not support. Any buyer paying near the ask must be confident that renovations or a premium view justify the premium, because comparable stock on the same street is listed around $560,000. The rental estimate of $765 per week offers a gross yield near 6.5 percent at the recent sale price, but drops below 5 percent at the current ask, making this a less compelling investment play. The opportunity lies in negotiating toward the $500,000–$530,000 range, where the property’s size and location become defensible. Hold it as a long-term home or a stable rental, not a flip.