18 Paterson Court, Katherine East NT 0850

Split-level on 817sqm | 4-bed with 1-bath | end-of-cul-de-sac | leased $550pw till Feb 2026 | timber floors throughout This property offers a rare buying case in Katherine East: a split-level design on a full 817sqm block with four carports, positioned at the quiet end of a cul-de-sac. The current lease at $550 per week through February 2026 provides immediate yield certainty, while the timber floorboards and fully air-conditioned open-plan layout appeal to both owner-occupiers and investors seeking a low-maintenance hold. The 179sqm building area and built-in wardrobes in all bedrooms give it a solid family-home feel, which is scarce for a one-bathroom house. It best suits a buyer who values land size and rental income over bathroom count. The single bathroom is the primary constraint, limiting appeal for larger families or tenants who expect ensuite or second bath. The 2022 purchase price of $360,000 suggests modest capital growth, and the street’s long owner tenure (six-plus years on average) implies low turnover rather than strong appreciation pressure. However, the end-of-cul-de-sac positioning and fully fenced yard add privacy and future subdivision optionality on the 817sqm lot. Hold for rental cash flow until lease expiry, then reassess for owner-occupancy or strategic land play.