18 Macadam Place, Gunn NT 0832
18 Macadam Place, Gunn NT 0832
3 bed family house | 416 m² block | 174 m² living | solar hot water | small-lot Gunn holding
This property offers a practical, single-level family layout with three bedrooms, two bathrooms, and two carport spaces on a compact 416 m² block. Its 174 m² building area is generous relative to the land, giving it a solid indoor footprint that suits young families or downsizers wanting a manageable yard. The presence of solar hot water, FTTP NBN, and strong mobile coverage adds everyday efficiency without requiring immediate upgrades. The house sits within the priority enrolment areas for Bakewell Primary School and Palmerston College, which anchors its appeal to households prioritising schooling. For a buyer seeking a low-maintenance suburban home with good internal space and minimal outdoor upkeep, this property aligns well with that brief.
The smaller-than-typical lot may limit scope for extensions, outdoor entertaining, or a large shed, which could matter if future expansion is planned. The single-storey form and 5 m roof height suggest straightforward construction, but the lack of a published build year means condition and maintenance history should be inspected closely. Rental demand appears steady, with the listed rent closely matching modelled estimates, indicating consistent interest from tenants or investors. Buyers should weigh the trade-off between the efficient footprint and the tighter outdoor area, particularly if they compare it to larger neighbouring blocks. The property’s value will hinge on how well its compact land size and solid internal space balance against nearby family houses offering more yard.
Detailed Independent Property Report prepared by PropCred Analyst team for 18 Macadam Place, Gunn NT 0832
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
This suburb, where under-19s make up 31% and couples with children 51% of households, draws buyers from clerical, community-service and professional jobs. House prices range from $560,000 to $644,000, with annual growth of 7.7-20%. Median days on market is 41 for houses, but 125 for 3-bed and 179 for 4-bed. Gross yield is 5.5% and weekly rent $680. Future growth relies on steady NT buyer activity, yet risks include a -3.8% population change since 2011, sales volumes of just 21-122 per annum, and minimal supply—two homes for sale and seven rentals last month. Days on market exceed the national average, reflecting a thin market.
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PropCred Estimated Value
Comparable Sales: 3 Macadam Place sold $570,000; 6 Macadam Place sold $715,000 | Property Price Band: $550,000–$650,000 | Value Drivers: land size, internal layout, school catchment access
Bedrooms
3
Bathroom
2
Parking
2
Land
416m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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