701/16 Harvey Street, Darwin City NT 0800

Modern two-bedroom apartment | two secure car spaces | strong rental yield | city-fringe position This property presents a compelling buying case for an investor or owner-occupier seeking a well-configured, modern apartment in Darwin City. The two-car allocation is a rare and significant advantage in this market, directly supporting both owner convenience and tenant appeal. The 2015 build, combined with two bathrooms and a balcony, positions the unit as a low-maintenance, executive-style option that competes effectively against older stock. The estimated gross rental yield of over seven percent signals strong income potential, making it particularly suited to buyers prioritising cash flow over capital growth in a softer market. The primary risk lies in the valuation spread, which suggests the current asking price may be below some estimates but still requires careful comparison against recent sales to confirm genuine value. Strata fees and building management quality are not disclosed and could materially affect net returns, especially given the apartment format. The absence of flood or bushfire overlays is a positive, but buyers should verify the exact floor level and aspect, as these factors influence both desirability and resale. For a buyer comfortable with due diligence on strata and comparable sales, this property offers a rare combination of modern amenity, parking, and yield in a central location.