3/2 Caterpillar Court, Desert Springs NT 0870

quiet street | dual-level living | long-term tenant secured | 308sqm block in Desert Springs This two-storey townhouse presents a rare combination of secure income and land value in a sought-after pocket of Desert Springs. The 308sqm block is generous for a townhouse, and the 136sqm floorplan is configured for practical family use across two levels. With a tenant locked in until mid-2027, the buyer steps into immediate cashflow at a gross yield near 7.6%, which is unusually strong for a property at this price point in the Northern Territory. The configuration suits an investor prioritising holding cost neutrality over short-term vacancy risk, or a first-time buyer willing to wait out the lease for future owner-occupancy. The primary risk is the fixed lease term, which delays any plans for personal occupation or renovation until July 2027. This property will not suit someone looking to move in soon or to flip quickly. The upside is the tenant provides reliable cover for mortgage costs during a period of elevated rates, and the land component offers long-term capital growth potential in a supply-constrained suburb. For an investor, this is a set-and-hold proposition: collect the rent, let the lease run its course, and reassess closer to 2027 when market conditions and personal circumstances can be re-evaluated.