9 Lucy Street, Katherine South NT 0850

1930s stumped tropical house | 1110sqm block Katherine South | NBN FTTP + 4G | no flood or bushfire overlay The property sits on a rare 1110m² lot within the Tropical Housing Precinct, a post-war Commonwealth program that produced only 18 surviving houses in this cluster. The 1930 stumped construction is purpose-built for Katherine’s climate, and the open-plan kitchen and lounge with balcony and courtyard suit a buyer seeking low-maintenance living with genuine outdoor space. It is best positioned for an owner-occupier or a long-hold investor targeting the scarcity of large, elevated blocks in a precinct with heritage character but no formal overlay restrictions. The main risk is the age of the dwelling-1930s stumped houses can require significant structural or pest remediation, and no inspection history is available. This cost must be priced into any offer below the midpoint of the estimated market range. The absence of flood or bushfire overlay is a clear advantage in this region. The buyer should commission a building and pest inspection before exchange and treat the property as a long-term hold where land value appreciation in the precinct will outpace any renovation spend.