2/25 Grevillea Road, Katherine East NT 0850

vacant | three-bedroom unit | 269sqm lot | Katherine East The property’s strongest signal is its freehold title on a detached 269sqm lot, rare for a unit in Katherine East, giving a buyer outright land ownership rather than strata constraints. The 3-bedroom, 2-bathroom configuration suits owner-occupiers seeking low-maintenance living or investors targeting the reliable rental demand near MacFarlane Primary and Katherine High School. Air conditioning and built-in robes are expected in this climate, not differentiators, but the secure parking and NBN FTTP support a tenant profile of professionals or families. This property is best suited to a buyer wanting a turnkey home with land value upside, not a fixer-upper. The risk is the listing price sits below the market midpoint estimate, which may reflect a need for a quick sale or a property that has been on the market long enough to raise questions about condition or buyer interest. No past sales history or floor plan are available, so due diligence on layout and any latent defects is essential. The opportunity is to negotiate below $370,000 if the vendor is motivated, then hold for rental income at the estimated $550 per week, which would yield a gross return near 7.7%. Use this property as a cash-flow neutral hold in a regional market with steady institutional demand.