2 Johnston Place, Rapid Creek NT 0810

4-bed 2-bath house on 1,160 m² | Built 1979 | Rental est. $1,100–$1,200 pw | No easements found | Large established-suburb block A rare combination of sheer land size, a practical family floor plan, and strong rental demand is offered by this property. Its 1,160 m² block is materially larger than most contemporary lots in the suburb, which typically comprise compact houses or apartments. The 1979 build is considered a solid older-era structure that, with selective updating, can be tailored to modern family living. The absence of easements is a title advantage that simplifies future planning and reduces constraints. This house is best suited to owner-occupiers seeking a long-term family property with land-holding leverage, as well as investors drawn to the significant rental income and lifestyle appeal of the suburb. The property’s 1979 construction may require modernisation, which might affect immediate price growth until upgrades are made. The large land component is an advantage, but it also could attract buyers intending to rebuild, potentially pushing the price above what the existing house alone would justify. Market demand for large family houses in established suburbs may support a strong price, while any evidence of structural or maintenance issues could temper buyer confidence. These factors should be weighed when forming a price view. >> Comparable Sales: 1/140 Ryland Road (2024) ~$760k; 11/336 Casuarina Drive ~$650k | Property Price Band: $1.2M–$1.3M | Value Drivers: Land size, rental income, no easements