7/16 Mackillop Street, Parap NT 0820

Ground-floor unit in Parap | 2-bed, 2-bath, 2-car | tenanted with strong rental yield | positioned near markets and coastline This unit sits in a well-located Parap complex where comparable two-bedroom units have transacted between $385k and $499k, with one achieving an 8.5% gross yield on its most recent rental. The ground-floor configuration with a courtyard and balcony adds practical appeal for tenants or future owner-occupiers, while the two secure car spaces are a genuine rarity in this area. For a buyer seeking immediate rental income in a suburb with steady demand from families and professionals near Parap Primary and Darwin Middle School, this property offers a defensible entry point with a yield that outperforms many Darwin alternatives. The primary risk is the unit’s position within a multi-unit complex on a shared 2782m² lot, which limits capital growth relative to standalone houses and may present future strata or maintenance levies. The listed price sits above recent sales for similar units in the same building, so negotiating toward the $430k–$450k range would better align with market evidence. That said, a tenanted property with a proven rental track record and no bushfire or flood overlay reduces holding risk. Treat this as a hold-and-collect investment: let the rental income cover costs while Parap’s location and amenity do the long-term work.