15 Callistemon Drive, Katherine East NT 0850

Quiet 850m² block in flood-free pocket | solid 1990 build with 246m² under roof | three-car undercover parking | ready-to-rent yield near 8% gross The property’s competitive edge lies in its unusually large building footprint for a three-bedroom house, giving buyers a rare combination of single-level living space and a fully fenced 850m² lot in a flood-free part of Katherine East. The open-plan layout, walk-in robe, and three carport spaces make it a strong candidate for a family seeking low-maintenance indoor-outdoor functionality, or an investor targeting the steady rental demand from nearby schools and services. Tiled floors throughout and full air conditioning reduce immediate capital outlay for the next owner, while the absence of heritage or bushfire overlays simplifies due diligence. The main risk is the lack of sales history or interior imagery, meaning buyers must verify condition through inspection rather than data. The estimated value sits slightly above the list price, which suggests room for negotiation if minor updates are needed. Rental potential around $515 per week supports a gross yield above 8%, making this viable as a hold-and-rent play even if capital growth is modest in the short term. For an owner-occupier, the flood-free location and school proximity provide lifestyle resilience. Hold for cash flow; sell only if local infrastructure shifts materially.