7 Memorial Drive, Tennant Creek NT 0860

historic former Post Masters House | 3-bed on 1250m² block | leased at $720/week | central Tennant Creek location This property offers a rare combination of heritage character and immediate income. The wide verandas, high ceilings, and country kitchen are not cosmetic but structural features that differentiate the house from standard stock in the market. For a buyer seeking a turnkey rental with historic appeal, the existing lease at $720 provides a conservative yield floor. The large land parcel and absence of heritage overlays add optionality that most period homes lack. The main risk is location dependency-Tennant Creek’s rental demand is tied to local employment and government services, not broad population growth. The 2019 sale date suggests limited recent turnover data, so buyers should verify lease renewal terms and condition of older fittings like the claw foot bath and fireplace. Opportunities lie in the 8-car capacity and 347m² building footprint, which could support future subdivision or dual-living configuration if zoning permits. Hold for steady cash flow, not capital gain.