285 Power Road, Mcminns Lagoon NT 0822
285 Power Road, Mcminns Lagoon NT 0822
4 beds, 3 baths, 2.05 ha | 1569mยฒ building, pool, 12 car spaces | rural manse, turn-key | Litchfield council, no overlays
The property’s primary buying case rests on its unusual combination of a very large 2.05-hectare lot with a substantial 1569mยฒ building, offering a rare turn-key rural manse configuration. The 12 car spaces and confirmed swimming pool are strong lifestyle and utility features, while the absence of bushfire, flood, or heritage overlays in the Litchfield council area removes common rural purchase risks. This property is best suited to a buyer seeking a high-capacity family compound or a rural holding with immediate space for vehicles, equipment, or potential dual-living arrangements, supported by priority school enrolment.
The key risk is the significant gap between the asking price and the estimated market value midpoint of $1,308,000, which suggests a premium for the building size and land area that may not be supported by comparable sales. This cost demands careful due diligence on building condition and zoning potential. An opportunity exists in the 2.05-hectare lotโs flexibility for subdivision or additional structures, though this is speculative without council confirmation. Hold this property as a long-term family estate or evaluate its commercial viability for a rural enterprise.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 285 Power Road, Mcminns Lagoon NT 0822
Market Insight:
Girraween presents as a tightly held, mature market with a distinct character. Demand is driven by established families and tradespeople in the 40โ49 age bracket, drawn by strong income growth and access to Girraween Primary School and Taminmin College. The market is currently subdued, with house prices softening slightly over the past year amid very low transaction volumes and extended selling times. Future growth is supported by reliable NBN and mobile connectivity, while key constraints include an exceptionally thin supply pipeline and sensitivity to interest rate movements, which will likely keep activity measured.