484 Gorge Road, Lansdowne NT 0850

10.45ha rural block | 5-bedroom uncertified dwelling | genuine renovator opportunity | active Gorge Road market This property offers a rare combination of size and entry price on Katherine’s rural fringe. The 10.45-hectare block is the primary value driver, providing immediate scope for hobby farming, livestock, or future subdivision potential if zoning permits. The five-bedroom layout, though uncertified, gives a buyer structural bones to work with rather than starting from scratch. It suits experienced renovators or tradies who can absorb the labour cost and leverage the low base price for equity build. The active local market on Gorge Road suggests reasonable demand for this land size at this price point. The uncertified dwelling is the central risk, requiring full structural and compliance assessment before any occupancy. Buyers must budget for potential demolition or extensive rebuilding, which could push total cost above comparable move-in-ready properties. No council rates, utility connections, or sales history are available, meaning due diligence costs will be higher. The opportunity lies in buying below improved land value and controlling the renovation scope. Best held as a medium-term project: renovate to certification, then either occupy or sell into the undersupplied rural market.