43 Coolibah Circuit, Katherine East NT 0850
43 Coolibah Circuit, Katherine East NT 0850
3 beds | 2 baths | 898mยฒ lot | renovated | Katherine East | Fibre NBN | no overlays
The property offers a rare combination of a fully renovated interior on a generous 898mยฒ lot within a residential zone that carries no bushfire, flood, or heritage restrictions. For a buyer seeking immediate move-in quality without renovation risk, the split-system air conditioning, open-plan layout, and contemporary finishes reduce post-purchase expense. The building’s 28% site coverage leaves meaningful outdoor space, and the reliable NBN connection supports remote work. This house best suits a family or investor looking for low-maintenance living with expansion potential in a stable local government area.
The primary risk is the property’s location in Katherine East, where resale liquidity may be lower than in larger metro markets, and the $460,000 list price sits near the lower end of the $440,000โ$510,000 estimated range, suggesting limited negotiation room. The rental midpoint of $685 per week offers a gross yield near 7.8%, which is strong for a renovated house, but vacancy risk in the region must be factored. Hold this property as a long-term residential investment or family home, not a short-term flip.
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.