74/21-23 Cavenagh Street, Darwin City NT 0800

1 bed, 1 bath flat in Darwin City | Strong 10% gross yield | Priority school zone | $199k entry point | FTTP included This is a competitively priced entry-point into Darwin City’s apartment market, where the headline 10–11% gross rental yield signals a rare cash-flow positive proposition. The unit’s configuration-open parking, air conditioning, and built-in robes-meets the base expectations of a tenant demographic that values proximity to Larrakeyah Primary and Darwin Middle School. For a buyer seeking yield over capital growth, the property’s low price point and high rental estimate per week position it as a functional holding, not a speculative play. The primary risk is the building’s age and strata condition, which may require capital contributions that erode net yield. No bushfire, flood, or heritage overlays reduce headline risk, but a strata report is non-negotiable before committing. The 2013 rental history of $420 per week suggests rental growth has been modest, limiting upside without renovation. This property suits a buyer who prioritises immediate income over appreciation and is prepared to hold for cash flow, not flipping.