59 Bloomfield Street, Gillen NT 0870

59 Bloomfield Street, Gillen NT 0870
6 bedrooms | 4 bathrooms | 989sqm block | renovated with pool | Gillen NT The six-bedroom configuration on a full 989sqm lot in Gillen is the primary competitive edge here, as houses of this size are scarce in the Alice Springs market. The renovation has modernised the interior and added a pool, which directly addresses what most families and investors in this area prioritise. For a buyer seeking a large family home with space for guests or rental income potential, this property offers a rare combination of generous internal area and outdoor amenity without needing further work. The risk is that the 2021 sale history shows a price reduction during marketing, suggesting the market may be sensitive to overpricing at this size. The buyer should verify the renovation quality and check if the bedroom count change from 4 to 6 involved any unapproved works, as this could affect valuation. Commercial logic supports this property as a long-term hold given land value in Gillen, and the best use is as a dual-purpose family home with potential for a granny flat or home office conversion.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Gillen presents as a pragmatic investment market within Alice Springs, characterised by high rental yields that attract investor activity, supported by a significant tenant population. Recent price trends have softened, with a modest decline observed across housing, while units face sharper corrections. The market is balanced by tight vacancy rates, yet growth is tempered by increasing housing supply and broader price sensitivity.
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PropCred Estimated Value

Bedrooms

6

Bathroom

4

Parking

2

Land

966mยฒ

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