38 Wood Cres, Rosebery NT 0832

38 Wood Cres, Rosebery NT 0832
4-bed standard layout | securely gated with side access | no flood or bushfire risk | primary school catchment | rental yield near 5% This house presents a competitively standard offering in Rosebery, aligning precisely with the dominant local stock of four-bedroom houses on approximately 700-square-metre lots. Its securely gated frontage and side access provide practical utility for families or trades, enhancing security and storage potential beyond the basic shed and double covered parking. The property’s position within the Rosebery Primary School catchment and absence of perils solidify its appeal to a core owner-occupier demographic seeking stability, while the recent rental history demonstrates reliable demand from the large local sub-40 population, supporting a strong yield argument for an investor. The decision hinges on its price positioning against recent sales, where it appears fully valued. Comparable transactions on the same street and nearby, such as 48 Wood Crescent at $765,000 and 19 Wood Crescent at $810,000, establish a clear benchmark. With a price guide of $830,000 against an estimated value of $840,000, the house offers no discount for its unremarkable configuration and lacks data on critical condition factors like building age. A buyer must pay a premium for its turn-key presentation and school proximity, accepting that future capital growth relies solely on general market movement. Proceed only at or below the lower end of the guide to preserve equity, as this property will perform as a steady, low-amenity rental or family home without distinctive upside.

Market Insight:

Rosebery is a modern, family-oriented suburb positioned as an affordable entry point into the Darwin market, attracting cash flow-focused investors and young families. Demand is driven by investors seeking robust rental yields in a fiercely competitive rental market with critically low vacancy, alongside local buyers. Recent price growth has been exceptionally strong, though the market is now moderating from its peak surge. Future growth is underpinned by sustained supply shortages and major economic projects, yet key risks include emerging affordability constraints that are expected to temper the pace of capital gains.

PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

722m²

Built

Recent Assessments