28 Whitington Circuit, Gunn NT 0832
28 Whitington Circuit, Gunn NT 0832
3 bed family house | 480m² block | Palmerston LGA | off-market | mid-market Gunn
This property sits comfortably within Gunn’s mainstream family housing market, offering the configuration most buyers in this suburb are actually looking for: three bedrooms, two bathrooms, and double car accommodation on a medium-sized block. The 480m² lot is workable and low-maintenance, which suits owner-occupiers wanting single-level living without excessive yard upkeep, as well as investors targeting the steady family rental demand this area consistently attracts. Its position in Whitington Circuit places it in a quiet, established residential pocket where late-1990s detached housing dominates, giving the street a settled character that appeals to buyers prioritising school access and a green, lake-adjacent environment over urban convenience. The estimated value of $640,000 positions it slightly above the suburb’s typical three-bedroom median, reflecting the additional bathroom and double garage, and suggesting it will appeal most to families or investors who value functional space over premium finishes.
The property’s value may be influenced by its exact orientation and building age, neither of which is confirmed, though the surrounding stock suggests a late-1990s build with standard finishes such as tiled floors, air conditioning, and an outdoor entertaining area. Condition and any recent updates will likely matter most, as comparable homes in this pocket trade within a modest band and buyers here tend to respond to move-in-ready presentation rather than renovation potential. The absence of confirmed aspect or renovation history means a physical inspection should clarify whether the property offers typical local stock or something slightly better, which could justify a small premium. Rental demand appears solid, with yields around 5.5% reported for the suburb, so income-focused buyers may find this a reasonable addition to a portfolio, though the off-market status suggests limited competition and possibly room for negotiation.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Whitington Circuit, Gunn NT 0832
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
This suburb, where under-19s make up 31% and couples with children 51% of households, draws buyers from clerical, community-service and professional jobs. House prices range from $560,000 to $644,000, with annual growth of 7.7-20%. Median days on market is 41 for houses, but 125 for 3-bed and 179 for 4-bed. Gross yield is 5.5% and weekly rent $680. Future growth relies on steady NT buyer activity, yet risks include a -3.8% population change since 2011, sales volumes of just 21-122 per annum, and minimal supply—two homes for sale and seven rentals last month. Days on market exceed the national average, reflecting a thin market.
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PropCred Estimated Value
Comparable Sales: 17 Bryant Terrace sold $495,000 (3 bed, Jul 2023); 31 Whitington Circuit estimated $545,000 (3 bed, 2 bath) | Property Price Band: $600,000–$700,000 | Value Drivers: land size, double garage, single-level layout, street location
Bedrooms
3
Bathroom
2
Parking
2
Land
480m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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