13/10 Acacia Drive, Katherine East NT 0850

3-bedroom unit in Katherine East | 3,790m² land component | solid rental yield near 9% | within walking distance of two public schools This property’s primary competitive edge is the exceptionally large land holding for a unit, which is rare in this price bracket. The 9% rental yield signals strong tenant demand, likely driven by proximity to MacFarlane Primary and Katherine High schools. It best suits a buyer seeking immediate rental income with future subdivision or development optionality, as the land size far exceeds typical unit entitlements. The main risk is the extended prior listing period of 726 days, suggesting previous pricing or condition issues. The 2022 sale at $260,000 establishes a floor, but the current asking range above $299,000 requires careful justification. The opportunity lies in the land’s latent value-if zoning allows, splitting the title could unlock significant equity. Hold for cash flow, but commission a subdivision feasibility study before exchange.