8 Caroline Street, Tennant Creek NT 0860

3-bed brick home | 9.3% gross yield | 866m² low-density block | Tennant Creek investment play This property presents a rare combination of high rental yield and freehold land in a remote market where stock is limited. The 9.3% gross return on the current lease is exceptional compared to metro averages, and the low-density zoning offers potential for future subdivision or additional dwelling-though this would require council approval and site-specific feasibility work. The brick construction and solar panels reduce holding costs, and the 177m² floorplan with modern kitchen suits a tenant profile of local workers or families. The buyer here is an income-focused investor comfortable with remote property management and longer vacancy cycles. The primary risk is location-specific: Tennant Creek’s thin population base and reliance on mining and government services make vacancy and capital growth less predictable than urban markets. The 2020 purchase price of $250,000 suggests limited recent appreciation, and the estimated value range of $220,000 to $290,000 indicates volatility. However, the current lease covers holding costs comfortably, and a buyer who secures near list price locks in a cash-flow-positive position from day one. For a long-term hold, maintain the tenancy and monitor the zoning pathway-if subdivision becomes viable, the land value could shift materially.