3 Cassia Court, Katherine East NT 0850

3 Cassia Court Katherine East | 867m² corner block | 33% site coverage | FTTP connected | 5m roof height The property’s strongest buying case rests on the unusually low site coverage of 33 percent on an 867 square metre corner lot, which provides genuine scope for a future extension, second dwelling, or subdivision subject to council approval. The 5 metre roof height and fibre-to-the-premises connection add practical long-term utility that most nearby houses lack. This property is best suited to a buyer who values land content over immediate finish and is prepared to hold for capital growth driven by infill potential rather than rental yield alone. The main risk is the single bathroom, which will limit appeal to families and may cap rental growth below the estimated $515 per week until upgraded. The 2002 purchase price of $125,000 indicates a low historical base, meaning any future gain depends on zoning changes or local infrastructure investment rather than market momentum. The buyer should treat this as a land play with a livable house attached, not a turnkey family home. Hold for three to five years and consider a bathroom addition before sale to unlock the next buyer segment.