21 Fuller Cres, Katherine South NT 0850

Duplex with 6 car spaces | 4-bed configuration on large lot | Strong rental yield | No overlays | Uncommon street offering This duplex presents a competitive proposition based on its scale and income potential, which are uncommon for the street. The combination of four bedrooms and six secure car spaces within a 330 square metre living area on a 1,482 square metre lot creates a functional layout suited for a large household or dual-income scenario, a configuration that dominates the more typical three-bedroom houses nearby. The absence of bushfire or flood overlays removes significant insurance and due diligence costs, while the estimated rental yield of 4.8% provides a solid foundation for an investor or an owner-occupant seeking to offset costs. This property serves a buyer prioritizing space and utility over modern finishes, capitalizing on steady demand for larger rentals in a practical location near primary schools. Proceed with the understanding that the premium over the most recent comparable sale is justified by the property’s rarity but exposed to data limitations. The $463,000 asking price sits above the October 2025 sale of 23 Fuller Crescent at $355,000, a gap that must be reconciled by the superior parking, lot size, and duplex income potential. The primary risk is the lack of information on building age and condition, which could impose immediate capital costs; the value is entirely in the land and configuration, not the dwelling quality. The opportunity lies in securing a high-yielding, large-format property with no overlay complications, making it a straightforward hold for a long-term investor. Acquire only after a rigorous building inspection to quantify latent liabilities, as the commercial logic for holding is sound if the physical structure is serviceable. Recent sales on Fuller Crescent provide critical context: – 23 Fuller Cr sold Oct 2025 for $355,000 (4 bed, 2 bath, 6 car) – 6 Fuller Cr sold Apr 2024 for $385,000 (4 bed, 2 bath, 4 car) – 8 Fuller Cr sold Mar 2023 for $250,000 (3 bed, 1 bath, 1 car) – 3 Fuller Cr sold Nov 2020 for $280,000 (4 bed, 2 bath, 1 car) The sales history shows 4-bedroom prices ranging from $280,000 to $385,000, placing the subject property at the top of that spectrum. The $355,000 sale from late 2025 for a directly comparable house is the most relevant benchmark, indicating the market has recently supported this configuration, albeit at a lower price point that your offer must rationally exceed based on demonstrable superiority.