33 Holtze Cres, Katherine East NT 0850

3-bedroom Katherine East house | double brick on 863m² | reliable tenant until 2026 | established gardens and workshop This property presents a rare combination of immediate rental income and long-term land value. The existing lease at $520 per week until August 2026 removes vacancy risk entirely, while the 863m² fully fenced block offers expansion potential few competitors in this price range provide. The double brick construction, split-system air conditioning, and automatic reticulation reduce maintenance burden for an investor or owner-occupier seeking a turnkey home near Katherine’s schools and town centre. The main risk is the 1985 build’s age may require future roof or plumbing work, though council rates at $689 quarterly are reasonable. The current rent sits below the mid-range estimate, leaving modest upside at lease renewal. The workshop and dog enclosure add functional value for families or tenants with pets. Hold for rental yield and capital growth from the land component, or occupy and benefit from low ongoing costs.