3/16 Undoolya Road, East Side NT 0870

3/16 Undoolya Road, East Side NT 0870
Quiet East Side unit | 2-bed, 2-bath on compact lot | split-system cooling | low-maintenance courtyard | close to Ross Park Primary. This unitโ€™s competitive strength is its rare combination of a small, private complex with a courtyard and secure parking in East Side – a location where similar offerings are scarce. For a buyer seeking a lock-and-leave base or a rental property, the built-in robes, ensuite, and split-system air conditioning reduce immediate upgrade needs, while the 193mยฒ lot keeps body corporate fees modest. The property best suits a downsizer or a professional who values proximity to town and suburban shops without the noise of a main road. The risk here is the FTTN connection, which limits high-bandwidth work-from-home setups, and the 2010 purchase history suggests limited capital growth in the intervening years. A rental yield of roughly $520 per week offers a clear holding strategy for an investor, but the buyer should confirm the exact asking price with the agent due to platform discrepancies. For an owner-occupier, this unit works as a quiet, low-upkeep home; for an investor, it pencils as a stable income property with modest upside.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

East Side presents a value proposition for investors, with rental yields for units notably strong, suggesting a market underpinned by rental demand. Recent price trends for houses have softened, evidenced by extended selling periods, while the unit segment shows more resilience. Demand is primarily driven by family households, indicating a stable, owner-occupier base. Future growth will hinge on broader economic factors, with key risks including potential sensitivity to interest rates given the high proportion of mortgaged owners.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

193mยฒ

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