20 Clarke Cres, Katherine NT 0850

Quiet established pocket | 817m² with solar and spa | Renovated Jarrah floors and gas kitchen | Wide side access for boat or van This property occupies a position that is both rare and practical for Katherine: a fully renovated 201m² home on a flat 817m² block with side access, solar panels, and an in-ground spa. The polished Jarrah floors and gas kitchen signal a standard of finish that typically commands a premium in this market. The configuration suits a professional couple or small family who want a lock-and-leave home with outdoor entertaining and low running costs from the solar feed-in tariff. The 25% site coverage leaves room for a future shed or pool expansion without compromising the garden. The key risk is that the 2023 sale at $460,000 and a subsequent price reduction from $549,000 indicate the market has already tested and rejected a higher ask, so the current $515,000 sits near the top of the estimated value range. The buyer should negotiate firmly toward the $480,000–$500,000 band to build equity from day one. The rental ceiling of $840 per week supports a solid 8.7% gross yield at that entry point, making this viable as a hold-and-rent property if plans change. Use the side access and secure yard as your negotiation anchor – few blocks in this price bracket offer that flexibility.