33 Eldorado Cres, Tennant Creek NT 0860

3-bedroom house | Tennant Creek | leased at $450 | oversized carport and workshop | modern kitchen This property offers a rare combination of a secure, income-producing lease and a strong physical configuration for the Tennant Creek market. The 975m² block with an oversized carport and workshop provides genuine utility for a buyer who needs storage or workspace, which is uncommon in this price bracket. The modern kitchen and open-plan layout reduce immediate capital outlay, making it suitable for an investor seeking a hands-off entry or an owner-occupier wanting a move-in ready home with a yard. The current lease at $450 per week provides immediate cash flow, while the potential rental upside to $495–$605 per week gives a clear path to improved yield. The main risk is location-driven demand fragility in a remote market with limited buyer depth, which may affect resale velocity and capital growth. The 1976 build age means ongoing maintenance costs, though the recent kitchen update mitigates some of this. The absence of flood or bushfire overlays is a low-grade positive but not a differentiator. For an investor, the strategy is to hold for rental income while monitoring lease renewals closely; for an owner-occupier, the workshop and carport add lifestyle value that justifies the purchase over renting. This is a functional, low-fuss property that works best for someone who values immediate income or practical space over speculative appreciation.