32 Kilfoyle Cres, Nakara NT 0810
32 Kilfoyle Cres, Nakara NT 0810
Prime location near Casuarina coastline | spacious 817m² block with only 28% building coverage | strong rental yield potential above 5% | single bathroom is the main limitation
This property presents a rare combination of generous land size and modest building footprint in a coastal suburb where such blocks are increasingly sought after. The 232m² residence leaves substantial room for future extension or subdivision potential, while the absence of planning overlays reduces regulatory risk. The strong rental yield, estimated between 5.1% and 5.6%, positions this house well for investors seeking cash flow without overpaying for cosmetic appeal. It suits buyers who value land content over turnkey condition and are comfortable with a single bathroom configuration.
The primary risk is the outdated sales history from 1993, which suggests the property may require significant capital expenditure for renovations or compliance upgrades. The single bathroom limits appeal to families and may suppress resale demand compared to two-bathroom alternatives. However, the opportunity lies in the low building coverage and elevated ground position, which could support a future granny flat or second dwelling subject to council approval. The current asking price sits at the upper end of the consensus valuation range, meaning negotiation room likely exists given the off-market comparables on the same street.
Detailed Independent Property Report prepared by PropCred Analyst team for 32 Kilfoyle Cres, Nakara NT 0810
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Nakara presents as a family-oriented suburb with a stable, competitive housing market. Demand is anchored by couples with children, supported by a local primary school catchment and a high proportion of renters indicating investor activity. Recent price trends show modest growth amid a robust sales environment, with houses transacting swiftly. Future growth may be tempered by affordability considerations given the high rate of mortgaged owners, though tight rental vacancy and strong yields provide underlying market support.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
817m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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