12 Stutterd Street, Katherine South NT 0850

Elevated dual-living design | 1115m² low-maintenance land | Recent $600pw tenancy | Pet-friendly with separate income potential This property presents a competitively strong proposition due to its rare dual-living configuration on a large, elevated parcel within walking distance of Katherine’s central amenities. The separation of a self-contained ground-floor space from the main upstairs residence creates distinct utility, serving extended families, generating rental income, or housing a home-based business with minimal compromise. Its recent tenancy at $600 per week, against a conservative rental estimate of $605, demonstrates established demand, while the substantial land holding of over 1100 square metres in a suburban setting provides a scarcity premium not found in typical house offerings. The combination of recent kitchen upgrades, solar panels, and multiple living areas positions it as a modern, low-maintenance holding for a buyer seeking both immediate yield and long-term land value. Proceed with the understanding that the agent’s aspirational $700 per week rental appraisal is untested and sits 16% above the market estimate, representing a pricing risk if relied upon for servicing calculations. The commercial opportunity lies in formally separating the downstairs area to achieve dual-income streams, potentially lifting yield toward 7%, while the land size offers latent value for future improvement or subdivision subject to council zoning. The judgment is that this property warrants an offer at or below its estimated value, as a buy-and-hold for an investor leveraging its existing income, or for an owner-occupier utilizing its flexible space, with the land component providing a durable value floor.