13 Paspaley Place, Larrakeyah NT 0820

Spacious family home in sought-after Larrakeyah | rare 822sqm lot with pool and city proximity | strong rental demand at $1,150+ weekly | suited to owner-occupiers or investors seeking long-term hold. This property offers a rare combination of generous land size, established infrastructure, and proximity to Darwin’s CBD. The in-ground pool, deck, and fully fenced yard create a private outdoor living environment that appeals strongly to families. With four bedrooms, three bathrooms, and secure parking, the house is well-configured for owner-occupiers who value space and convenience. For investors, the rental yield near 3.4% is reasonable for this location, supported by consistent demand from professionals and families. The 822sqm lot is the standout feature-few properties in Larrakeyah offer this scale, giving buyers optionality for future improvements or subdivision subject to council approval. The main risk is the price point, which sits at the upper end of current estimates and may limit buyer pool depth. The property last transacted 14 years ago, so there is no recent market test at this level. The 258-day marketing period suggests price sensitivity. However, for a buyer who can negotiate toward the mid-range estimate, the long-term capital growth outlook is solid given land scarcity in this suburb. The house is not new but is well-maintained; avoid overpaying for cosmetic upgrades. Hold for at least five years to realise land value appreciation.