22 Fanning Drive, Bayview NT 0820

Bayview prestige street | 4-bed, 3-bath on 828m² | low-density LR zoning | pool, deck, secure double garage This property occupies a rare position in Bayview: a low-density LR-zoned allotment with 66% building coverage on a quiet street, offering a configuration that suits both family occupation and potential future reconfiguration. The 543m² build with multiple living zones, in-ground pool, and balcony gives a buyer immediate lifestyle utility while the land component—purchased in 2009 and now vacant—provides structural scarcity in a tightly held suburb. It is best suited to a buyer seeking a turnkey family home with strong rental fundamentals, given the $1,200–$1,300 per week rental estimate and gross yield approaching 7%. The primary risk is price: the listing sits above the upper confidence value estimate, meaning a buyer must negotiate from a position of market evidence rather than vendor expectation. The 30–45 day settlement preference and 10% deposit requirement are standard but not flexible, which may constrain buyers needing longer finance or lower deposit thresholds. No easements and clear title reduce legal risk, but the 2003 build age means inspection of air-conditioning and pool compliance is prudent. The opportunity lies in securing a vacant-possession property in a priority school catchment with FTTP connectivity—not a prime driver, but a supporting value-add for remote workers. Hold for lifestyle or lease for income; redevelopment potential is limited under current LR zoning without council variation.