72 Riverbank Drive, Katherine South NT 0850

4 bed, 2 bath, 857m² lot, Riverbank Drive | 299m² building area, split system air con | Strong rental estimate of $690 weekly | No flood or heritage overlays, residential zoning This house presents a rare configuration for Katherine South: a 299m² building on 857m² with four bedrooms and two bathrooms, including an ensuite. The building area is unusually generous for the lot size, which gives a buyer immediate usable space without the maintenance burden of a larger block. The rental estimate of $690 per week is significant for the area, and the property sits on a street with mostly owner-occupied homes-31 percent-which signals stable neighbourhood character. It suits a buyer seeking strong rental return potential or a family wanting room to spread out without land upkeep. The absence of bushfire, flood, or heritage overlays removes common approval friction. The lack of sales history and ownership data introduces valuation uncertainty, and the $380,000 to $420,000 estimated range means the buyer must verify condition carefully to avoid overpaying for an unseen interior. The property is listed through one agent only, which may limit competitive tension. However, the 857m² lot with residential zoning and no overlays offers future subdivision or development optionality if the council permits it. The buyer should treat this as a hold for rental income first, with land banking as a secondary play.