8011/27 Woods Street, Darwin City NT 0800

Prime location in Darwin City core | modern three-bedder with two secure parks | strata lot on a larger 963m² parcel | strong rental demand and school catchment edge This unit occupies a rare position within the city: a three-bedroom flat with two dedicated car spaces in a building where most comparable units carry only one park. That extra space gives a clear edge for owner-occupiers with a vehicle or investors targeting professional tenants. The 963m² strata lot sits within a 1765m² building, meaning lower density than typical high-rise apartments, and the absence of flood or bushfire overlays removes major insurance or resale discounts. Priority enrolment for Larrakeyah Primary and Darwin Middle School makes this a strong option for families, while the gym and intercom add convenience for downsizers or professionals working in the CBD. Body corporate fees at nearly $2,800 per quarter are not trivial-this eats into net yield and must be factored into any cash-flow projection. Recent sales in the building show wide variation, from $595,000 to $830,000, suggesting condition and floor level drive price more than the base configuration. The 18% of owners holding over ten years indicates some satisfaction, but the 36% held under three years hints at turnover pressure. Rental estimates around $880 per week give a gross yield near 5.5% at the lower end of the value range, which is workable but not exceptional. Buyers should negotiate hard on price, targeting the $780,000–$800,000 band, and hold for at least five years to absorb the quarterly outgoings and realise any capital gain.