12/10-12 Acacia Drive, Katherine East NT 0850
12/10-12 Acacia Drive, Katherine East NT 0850
3-bed unit, townhouse feel | split-system AC throughout | in-ground pool complex | tenanted at $475pw
This unit offers a rare combination of three bedrooms, two toilets, and a private courtyard within a secure complex with a pool, making it one of the more liveable townhouse-style options in Katherine East. For a buyer, the layout works for both a small family or a professional tenant, and having the tenancy already in place at a reasonable yield means the property is effectively income-ready from settlement. The low-maintenance ceramic tiling and split-system air conditioning reduce ongoing upkeep concerns, and the FTTP connection adds a layer of appeal for remote workers or tenants.
The main risk is the single bathroom, which limits appeal for larger households or shared accommodation, and the 1985 build may require attention to plumbing or roofing within five to ten years. However, the asking price sits near the lower end of the estimated value range, which provides a small margin for negotiation or future equity gain. For a buyer seeking a hands-off investment in a stable regional market, this property should be held as a long-term rental, with the pool and security fencing supporting tenant retention and modest rent growth over time.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Katherine East presents a compelling, high-yield market driven by a young, family-dominated demographic with above-average incomes. Demand is anchored by this established resident base, with strong rental yields and low vacancy indicating a tight investment landscape. Recent price growth has been robust, though properties move at a measured pace. Future performance will hinge on the continuation of these local economic drivers, with the primary constraint being the limited turnover of available stock.