3/16 Bayview Street, Fannie Bay NT 0820

Large 1421m² townhouse lot | Fully renovated coastal retreat | High rental yield potential | Prime Fannie Bay fringe This property presents a compelling proposition due to its rare configuration of a three-bedroom townhouse on an exceptionally large 1,421 square metre parcel, a combination that provides significant scarcity value in a sought-after coastal suburb. The comprehensive, high-quality renovation delivers immediate move-in appeal with premium finishes, while the private courtyard with an inground spa capitalizes on the tropical lifestyle. It serves three distinct buyer profiles effectively: the owner-occupier seeking a low-maintenance coastal home, the investor attracted by strong rental demand and an estimated gross yield near 6.8%, and the family prioritizing access to quality school catchments and outdoor amenities like East Point Reserve. Proceed with the understanding that body corporate levies of approximately $1,440 per quarter represent a fixed operational cost that directly impacts net returns, and the single-bathroom layout may limit future resale appeal compared to two-bathroom stock. The commercial logic is clear-secure a large-format property in a premium location where underlying land value is supported by the suburb’s desirability, and leverage its modern renovation to command premium rent or enjoy contemporary living. Acquire this as a long-term hold to benefit from both rental income and capital growth in a tightly held suburb, with the judgment that its land-rich format is a fundamental strength that outweighs the body corporate cost structure.