Bakewell, NORTHERN-TERRITORY Real Estate & Suburb Profile
Comprehensive property market insights and live data for Bakewell.
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Property Market Snapshot & Data for Bakewell
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About Bakewell Real Estate
Bakewell is an inner-city suburb of Palmerston, Australia. It is 24.9 km southeast of the Darwin CBD. Its local government area is the City of Palmerston. It is on the traditional Country and waterways of the Larrakia people.
Bakewell is bounded to the north by Buscall Avenue, to the west is Chung Wah Terrace, and to the south and east is Lambrick Avenue. Development of the area dates from the 1990s. Bakewell is named after Edward Howard Bakewell, an original land owner.
Property Investment Potential
When analyzing the local real estate landscape, Bakewell presents a dynamic opportunity. With median property prices sitting around $777,000 and delivering an average rental yield of 9.1%, the area caters nicely to both owner-occupiers and savvy investors. Properties typically spend an average of 34 days on the market, underscoring the consistent demand in this part of Northern Territory. For accurate financial planning, check out our investment calculators to estimate your potential returns.
Local Demographics & Lifestyle in Bakewell
Frequently Asked Questions about Bakewell Real Estate
What is the median house price in Bakewell?
The median house price in Bakewell, Northern Territory is currently estimated at $777,000.
Is Bakewell a good place to invest?
With a capital growth of 3.1% over the last 12 months and an average rental yield of 9.1%, Bakewell presents a solid opportunity for property investors.
What is the postcode for Bakewell?
The postcode for Bakewell in Northern Territory is 0832.