16 Travers Court, Katherine East NT 0850

End of quiet cul-de-sac | 831m² fully fenced block abutting Crown land | long-term NT Police tenancy to Dec 2026 | brick veneer built 2008 The property’s strongest competitive advantage is its positioning at the end of a quiet cul-de-sac adjoining vacant Crown land, which delivers a rare privacy buffer not found on standard residential blocks. Combined with the 831m² fully fenced site, it offers a genuinely low-maintenance outdoor footprint that suits families or investors seeking a secure, private environment. The existing tenancy to NT Police until December 2026 provides immediate, reliable rental income with minimal vacancy risk, making this house particularly suited to buyers who prioritise cashflow certainty over short-term capital growth. The primary risk is the constrained rental yield at $650 per week against a $575,000 asking price, which sits near the top of the estimated value range of $520,000–$570,000. The buyer effectively pays a premium for the tenant in place and the quiet position, not for structural upside. The lack of recent sales on Travers Court means resale comparables are thin, so exit liquidity is uncertain. The opportunity is to hold the property as a medium-term income-producing holding, collecting the secure lease while the Katherine market absorbs the current listing premium. A buyer should treat this as a bond-like investment with a land buffer, not a renovation or subdivision play.