59 Ambrose Street, Tennant Creek NT 0860

3-bedroom on 1000sqm | refurbished with polished floors | leased at 10% yield | no flood or heritage overlays This property offers a rare combination for the Tennant Creek market: a fully refurbished house with polished timber floors and updated kitchen on a large 1000sqm block, already delivering a 10% gross rental return. The semi-detached main bedroom and outdoor deck create genuine liveability for an owner-occupier, while the existing lease at $551 per week makes it immediately cash-flow positive for an investor. The absence of bushfire, flood, or heritage overlays reduces due diligence friction, and the reliable NBN and 4G coverage support remote work or tenant retention. The main risk is location-driven: Tennant Creek’s small population and cyclical demand mean vacancy periods could be longer than in major centres, and the 2011 sale price of $295,000 suggests minimal capital growth over 13 years. The $296,000 asking price sits above the $272,000 estimated value, so buyers should negotiate toward that lower figure to build in a buffer. For an investor, the 10% yield justifies a hold-for-income strategy, but capital appreciation will likely be modest. For an owner-occupier, the refurbished condition and large block offer immediate lifestyle value with room to add a shed or garden. Buy this for yield and use, not for short-term resale gain.