57 Follington Street, Zuccoli NT 0832

Vacant block, Zuccoli growth corridor | SP1 zoning flexibility | School catchment edge | $560/m² below suburb average The buying case here turns on the zoning. SP1*20 is not standard residential, which creates a narrower buyer pool but also reduces competition at this price point. At $250,000 the land cost sits well below the suburb’s estimated land value of $299,000, meaning a buyer with a clear build plan captures immediate equity. The block is flat, 411 m², with no flood or bushfire overlays, and sits inside priority enrolment for Zuccoli Primary and Palmerston College-families targeting those schools will pay a premium later. NBN FTTP and 4G coverage are present but secondary. This suits a buyer who wants to build a family home in a growth suburb without paying a premium for a fully serviced residential lot. The risk is the SP1*20 zoning itself. It permits residential use currently but may restrict future subdivision or certain dwelling types, and lenders may require confirmation before approving construction finance. Council rates at $1,459 per year are modest. The electricity easement to Power and Water is a minor constraint on siting a house but not a deal breaker. For an investor, the rental yield projection of 5.2% is achievable once built, but only if the dwelling matches what the school catchment demands-three-bedroom family homes. Hold this block and build within 12 months to avoid holding cost erosion.