3/23A Fourth Street, Katherine NT 0850

2 bed unit | 1992 build | CBD walkable | FTTP connected | 204sqm lot | no heritage overlay This unit offers a rare combination of a compact, low-maintenance footprint with genuine walkability to Katherine’s CBD and river, making it a strong option for first-home buyers or investors seeking a tenant-friendly position in a tight market. The 1992 construction and brick-veneer character suggest reasonable structural durability, and the absence of bushfire or flood overlays reduces insurance friction-a tangible edge in Northern Territory conditions. The 120sqm internal area with two toilets and two car spaces is generous for a unit, which improves its appeal to sharers or small households, and the FTTP connection adds a modern convenience that renters increasingly expect. The primary risk is the limited comparable sales data and the building’s 11-unit configuration, which can constrain capital growth compared to standalone houses. The estimated value range of $310,000–$350,000 implies a possible premium over the asking guide, so a buyer must verify recent sales within the complex. The 204sqm lot offers no expansion potential, but the unit’s positioning near the Katherine Club and river means lifestyle demand should underpin occupancy. Hold this property for steady rental yield and low holding costs, not for land banking.