5 Pearce Street, Katherine South NT 0850

4-bedroom duplex | 809sqm lot | dual-income potential | Katherine South | entry-level hold The property’s strongest buying case lies in its duplex configuration on a single title, which is rare in this price bracket and gives a buyer two rental incomes from one purchase without strata complexity. With four bedrooms across two units and a 287sqm building footprint, the structure suits investors targeting the affordable housing demand in Katherine, where rental yields typically outperform metro markets. The absence of flood or bushfire overlays removes a common concern for NT buyers, and the 4G coverage supports tenant retention. This property is best suited to a buyer seeking cashflow-positive exposure to a regional market with defence and government employment anchors. The primary risk is the age of the second unit, built in 1984, which may require near-term capital for roof or plumbing updates, and the semi-detached layout limits future subdivision without council approval. On the upside, the 809sqm lot offers scope for a granny flat or subdivision if zoning permits, adding longer-term value. The rental estimate of $615 per week on a $410,000 purchase delivers a gross yield near 7.8 percent, well above national averages. Hold for cashflow and review subdivision potential in three to five years.