12/16 Houston Street

For more property information text 1216H to 0488 810 057 Positioned in one of Darwin's most sought-after suburbs, this beautifully presented apartment offers the perfect combination of lifestyle, location and investment performance. Investment overview - Current rent $625 per week until 6th July 2026 New lease signed for $675 per week from 7th July 2026 until 6th July 2027 Gross return on investment approx. 7.5% pa Low body corporate levies approx. $1,437 per quarter Property overview - Overlooking the lush fairways of Gardens Golf Course and capturing stunning sunset views across Mindil Beach and beyond, this is an opportunity to secure a quality property in a tightly held pocket of Larrakeyah. Thoughtfully renovated throughout, the apartment features a clean and contemporary white palette, updated kitchen and bathrooms, and a solid brick construction designed to stand the test of time. Ocean breezes flow effortlessly through the home, creating a relaxed tropical atmosphere all year round. Located just moments from the Darwin CBD, Mindil Beach Markets, the Waterfront Precinct, restaurants, cafes and entertainment venues, the lifestyle appeal is undeniable. For investors, the numbers stack up just as well. A long-term tenancy is already in place, with the current tenants recently committing to a further 12-month lease until July 2027. Returning $675 per week and delivering an impressive 7.5% ROI, this is a genuine set-and-forget investment in a proven growth location. Property Highlights 2 bedrooms | 2 bathrooms | 1 car park on title Spectacular golf course and sunset views Ocean breezes and tropical lifestyle Updated kitchen and bathrooms Modern white colour palette throughout Solid brick construction Long-term tenants secured until July 2027 Rental return of $675 per week Approx. 7.5% gross rental yield Premium Larrakeyah location close to Darwin CBD, Mindil Beach and The Gardens Whether you're looking to grow your investment portfolio or secure a quality property in one of Darwin's premier suburbs, this is an opportunity not to be missed. Finer Points Council Rates: Approx $1,800 per annum Area Under Title: 75 metres squared Year Built: 1984 Zoning: HR (High Density) Status: Tenanted until July 2027 for $675 per week Potential ROI: 7.5% per annum Rental Estimate: Approx.$650 - $750 per week Body Corporate: Elite Strata Management Body Corporate Levies:Approx. $1,437 per quarter Settlement period: 45 days or variation on request Easements: As per title Deposit: 10% or variation on request