125 Serrata Road, Dundee Downs NT 0840

16 hectares | spring water source | uncertified house frame | 20 mins to Dundee Lodge This property offers a rare combination of scale and water security on a single-title rural block near the coast. The natural spring and 5,000-litre tank give buyers a structural advantage over neighbouring parcels that rely solely on bore or trucked water. The existing power connection and septic system reduce upfront holding costs, while the uncertified house frame and caravan allow immediate occupancy or staged development. The parcel suits buyers seeking a long-term lifestyle retreat or a low-holding-cost base for future subdivision, given the residential zoning and absence of bushfire, flood, or heritage overlays. The uncertified house frame is the primary risk-it may require complete replacement or significant engineering to meet certification, adding $50,000 to $80,000 to the budget. The temporary bathroom and caravan limit immediate comfort, but this also keeps the entry price below improved comparables. With the 2012 purchase price at $190,000 and recent nearby sales around $390,000, the current listing sits in a reasonable band for raw land with infrastructure. Hold this property as a private retreat or prepare a staged building plan; the spring water and zoning give it exit flexibility if subdivision becomes viable.