20 Lucy Street, Katherine South NT 0850

3-bed house on 799sqm | renovated interior | master with ensuite and walk-in robe | Katherine South location with school proximity The property’s competitive strength lies in its combination of a fully renovated interior-updated kitchen, fresh paint, renovated bathroom, and floorboards-with a large 799sqm lot in a low-overlay zone. The master bedroom’s ensuite and walk-in robe are rare at this price point, and the solar hot water and split-system air conditioning reduce ongoing costs. This house suits first-home buyers or investors seeking a turnkey holding with immediate rental demand, given the $505–$625 weekly range and recent $240,000 purchase price offering clear equity upside. The main risk is that the 2023 sale for $240,000 was for a 3-bedroom, 1-bathroom configuration, meaning the current price reflects upgrades that may not fully recoup in a softer market. The property has no heritage or flood overlays, which lowers holding risk, and the NBN FTTP adds practical appeal for remote workers. For a buyer, the opportunity is to secure a renovated house at or near the lower end of the $280,000–$310,000 estimate and hold for rental yield or gradual capital growth in a stable regional market