5 Wade Court, Araluen NT 0870

renovated elevated family home | immediate 6.9% gross yield | tenant locked until May 2026 | solid brick garage as multipurpose room The buying case here is driven by the immediate cashflow and the low-maintenance structural position. The renovation has removed deferred capital risk, while the elevated design opens views and passive cooling, a practical edge in Araluen’s climate. The solid brick garage converted to a games or music room adds usable square footage not reflected in the bedroom count, which differentiates this house from standard four-bedroom offerings. This property suits an investor seeking a hands-off hold with a tenant in place for nearly two years, or a buyer-occupier who can move in after the lease ends with a freshly updated home. The primary risk is the lease duration itself-you cannot occupy or materially adjust the rental income until May 2026, which caps flexibility. The 6.9% gross yield is strong for Alice Springs, but net returns after management, strata-style costs on a standalone house, and potential vacancy gaps should be stress-tested at 5.5% to account for Northern Territory insurance premiums. The suburb’s demand character is steady rather than appreciating, so capital growth will be modest. Hold this property as a cashflow core in a diversified portfolio, or convert to owner-occupation after the lease ends to capture the lifestyle upgrade without transaction costs.