6/23 Lorna Lim Terrace, Driver, NT 0830

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Sold for $215,000 (Apr 14, 2023)

Motivated Seller - Vacant Property - Offers Above $250,000

This apartment is a fantastic first step on the property ladder or an impressive addition to the portfolio of an astute investor with excellent rental and capital growth potential in a convenient location. Vacant and ready to occupy, inspect today with Sanj on 0477 550 818!

This first floor 3-bedroom apartment is conveniently located close to transport and shops in the suburb of Driver. Situated at the back of a quiet complex it has its own staircase and is fitted with security screens for added peace of mind.

Featuring plenty of natural light and a balcony with leafy green outlook, it is only walking distance to Oasis Shopping Centre, Palmerston CBD and bus interchange and only short drive to popular Gateway Shopping Centre. Invest today to secure 7% Gross Income Return or move in and get out of the rental market.


• 3 good size bedrooms

• Low body corporate Fees

• Tiled living areas and airconditioning throughout

• Quiet location with private staircase and security screens

• Larger balcony with treetop views

• Shops, schools and transport are walking distance

Important Information

• Year Built: 1993

• Area Under Title: 94 sqm

• Zoning: MR (Medium Density)

• Status: Tenanted on a private/periodical lease

• Rental Estimate: $400 – $430 per week

• Council rates: $1768 per annum approximately

• Whittles Body Corporate: $1271 per quarter approximately

• Settlement period : 30 days or negotiable

• Deposit: 10% or variation on request

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Property Info:
  • Property ID: L20983032
  • Property Type: Unit
  • Garages: 1
  • Land Area: 94.0 sqm
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R&H Suburb Profile: Driver

R&H Suburb Summary Houses
Number of sales 36
Average Price $462,958
Median Price $480,000
Median Rental Price $510 p.w.
Change in Rental Rate (5yr) 19 %
R&H Suburb Summary Units
Number of sales 22
Average Price $278,455
Median Price $267,000
Median Rental Price $435 p.w.
Change in Rental Rate (5yr) 36 %
Driver, NT - Median Trend