19 Larapinta Drive, Gillen NT 0870

4 bed house | 1040sqm block | single bathroom | Gillen, Alice Springs | no heritage overlays | FTTP connected The property presents a strong buying case for its block size alone – 1040 square metres in Gillen is uncommon and positions the house as a land-hold play more than a dwelling play. The open-plan layout and neutral palette are functional, not premium, but the indoor-outdoor flow and wood burner heating give it genuine liveability for families or long-term renters. The rental estimate of $770 per week supports a yield that works for an investor targeting Territory cash flow, while the block size leaves room for future subdivision or a granny flat subject to council approval. The buyer who takes this is buying land with a usable house attached, not the reverse. The single bathroom is the primary constraint – it limits appeal to families with older children or tenants and will cap resale demand in the premium segment. The $555,000 2022 sale suggests the current $550,000 asking is flat, which may indicate a motivated seller or softening local market. There is no flood, bushfire, or heritage overlay, which simplifies due diligence and reduces insurance cost. For an owner-occupier, this is a hold-and-improve property: add a second bathroom or extend the rear deck to lift value. For an investor, lock in the rental yield and treat the land as the long-term return.