11 Cameron Street, Katherine NT 0850

Elevated 1,100m² block | Below-median price point | Strong rental yield | Pool & pet-friendly. This property presents a compelling value proposition, anchored by its substantial 1,100 square metre landholding in a well-established location. The combination of a fully fenced yard, swimming pool, and air conditioning creates a turnkey offering for both owner-occupiers seeking space and investors targeting the family rental market. Its pricing notably below the Katherine median for three-bedroom houses, while on a block significantly larger than most comparables, indicates a purchase below replacement cost. This house serves an investor seeking high-yielding, land-rich stock or a buyer prioritizing private outdoor space over a modern floor plan. Proceed with the understanding that the premium land size is offset by a basic, lowset dwelling with modest floor area. The primary risk is illiquidity, common in regional markets, which demands a long-term hold to realise capital growth. The 8.71% estimated rental yield provides substantial income to service debt, materially de-risking the holding period. The commercial logic is clear: acquire a below-market land bank with a cash-flow positive improvement. Execute a standard due diligence process focused on building condition and pool compliance, then hold for land-value appreciation while the tenant services the loan. Recent comparable sales in Katherine establish a value context: – 16 Dakota St (817m²): $325,000 – 8 Ronan Court (850m²): $360,000 – 4 Donegan Cres (845m²): $320,000 – 6 Forscutt Place: $299,000 – 13 Gibson Court (822m²): $445,000 – 73 Giles Street (818m²): $435,000 – 7 Dove Street (817m²): $430,000 – 33 Clarke Cres (817m²): $395,000 – 30 Cox Cres (1,140m²): Offers over $349,000 The $365,000 asking price is competitive within this range, directly justified by the property’s superior land size against most peers, though the sale price should reflect the dwelling’s simpler finish compared to higher-priced comparables.