3 Casuarina Street, Katherine East NT 0850

3 Casuarina Street, Katherine East | 3-bedroom house | 512-801m² block | strong rental yield | 2014 price floor The property offers a rare configuration edge: a three-bedroom house on a substantial block where the land-to-improvement ratio favours a buyer seeking both immediate occupancy and future optionality. Its current rental estimate of $470 per week against a valuation band of $348,000–$380,000 signals a gross yield well above metro averages, making it suited to an investor prioritising cash flow over capital growth. The open-plan layout and built-in storage reduce near-term maintenance needs, while the FTTP connection and absence of flood or bushfire overlays lower holding risk. The primary risk is the inconsistent land size data and a local market where recent median sales sit at $293,000-below the property’s estimated range-suggesting limited upward price momentum. A buyer here gains a defensible entry point given the 2014 sale at $365,000, which provides a historical price floor. The opportunity lies in using the rental income to offset holding costs while the larger block retains latent subdivision or extension potential. Hold for yield and wait for land value appreciation.