11 Gumulala Street, Lyons NT 0810

DHA lease to 2028 | 627m² land in Lyons | 4 bed, 2 bath, 2 car | Built 2009, 230m² under roof. This property presents a compelling, low-management investment anchored by a secure, long-term lease to Defence Housing Australia, providing immediate and stable rental income until April 2028. Its competitive strength lies in the combination of a substantial 627m² block with a modern, fully air-conditioned home built in 2009, offering a functional layout for future owner-occupancy. The zoning for low-density residential protects the character of the area and underscores the value of the land component. This house serves a buyer seeking a passive, high-certainty income stream with a quality dwelling that will transition seamlessly to a family home post-lease, positioned steps from parklands. The primary decision mechanism is the DHA lease itself, which costs the buyer operational control and market rent upside for the lease term, in exchange for guaranteed tenancy and maintenance. Council rates are a known annual cost. The commercial opportunity is acquiring a turnkey investment with a below-market yield today, banking on capital growth in Lyons, with a clear horizon in 2028 to reassess. Proceed if your strategy prioritizes security over flexibility in the medium term; the numbers support a hold for income with a view to occupy or re-lease at market rates upon reversion. Recent comparable sales on Gumulala Street provide a clear value benchmark: – 38 Gumulala Street (4 bed, 2 bath, 2 car, 635m²) sold for $815,000 in January 2026. This direct comparison, on a nearly identical block size, suggests the vendor’s estimated range is ambitiously pitched above the most recent evidence, anchoring a realistic market value closer to the mid-$800,000s.