5 Callanan Court, Katherine East NT 0850

4-bedroom family home | 838m² block | Katherine East | strong rental yield This property presents a compelling buying case for a family or investor seeking space and income in Katherine East. The 838m² block is competitively rare for the area, offering a fully air-conditioned layout with a flexible fourth bedroom or study downstairs-a configuration that suits multi-generational living or a home office. The polished flooring, balcony overlooking a fenced yard, and undercover entertaining space add practical appeal. Positioned 0.3 km from Casuarina Street Primary School, it serves families well, while projected rental income of $645–$805 per week signals strong demand from tenants. The primary risk is the property’s age and maintenance profile, given its 2008 and 2015 sale history, which may require capital for updates to the kitchen or louvered windows. No flood or bushfire overlays reduce insurance costs, but the Katherine market can be sensitive to economic shifts. The buyer’s opportunity lies in the gap between the $470,000–$530,000 valuation and the $515,000 asking price-negotiate toward the lower end. Hold for rental cash flow or occupy as a spacious family home with room to add value through modest upgrades.