16 Peko Road, Tennant Creek NT 0860

Recently renovated | 3-bed 1-bath house | leased at $550/week | Tennant Creek NT The property’s strongest buying case lies in its recent renovation and existing lease, which together lower immediate holding costs and reduce the risk of vacancy for an investor. Positioned in Tennant Creek with no overlay restrictions, the house offers straightforward ownership and reliable rental demand from local workers and families, supported by proximity to schools and main street amenities. It suits a hands-off investor seeking a cash-flow positive entry into a stable regional market, where the updated kitchen and flooring remove the need for near-term capital outlay. The primary risk is the conflicting land size data, which may affect valuation precision and future redevelopment clarity, though the smaller 172m² figure appears more current. The property’s rental yield is already above market average, limiting upside from rent increases unless the lease is renegotiated. For a buyer, the existing tenancy provides immediate income, and the big rear veranda and easy-care yard add functional appeal for future resale. Hold as a long-term rental with minimal intervention.