56 Thompson Street, Tennant Creek NT 0860

3-bedroom house | 1002m² lot | 23% site coverage | leased at $300/week This property offers a combination rarely seen at this price point: a 232m² house on a full 1002m² block with only 23% site coverage. That leaves significant land for extension, a shed, or subdivision potential. The reverse-cycle air conditioning and fenced lawn reduce immediate holding costs, and the existing $300/week lease provides cash flow from day one. It suits an investor seeking yield plus land banking, or a buyer wanting a house with room to add value without overcapitalising. The main risk is location dependency. Tennant Creek is a remote mining town with a narrow economic base, and resale may be slower than in coastal markets. The 2008 sale history and lack of recent valuation data mean the $200,000 asking price is the only price signal available. However, the 4m roof height and 368m elevation suggest minimal flooding risk, and the NBN FTTN is adequate for remote work. Buyers should inspect the tenancy agreement and confirm lease renewal terms. Hold for rental income and land appreciation, not short-term flipping.