8 Rutt Court, Katherine East NT 0850

4-bedroom house on 802sqm | in-ground pool | leased to 2027 at $825pw | walking distance to primary school This property offers a rare combination of scale and immediate income in a tightly held pocket of Katherine East. The 802sqm block with a pool and established outdoor entertaining area is competitively strong for families seeking space without sacrificing proximity to the CBD. The existing lease until January 2027 at $825 per week provides a buyer with immediate cash flow and removes vacancy risk during a period of rising rental demand in the region. The home is best suited to an investor prioritising yield and land content, or a family wanting a turnkey home with a tenant already covering holding costs. The main risk is the wide gap between the asking price and the estimated mid-point value of $530,000, which suggests the buyer may need to negotiate hard to avoid overpaying relative to recent sales history. The 2023 sale at $589,000 provides a recent benchmark, and the current rent does not fully justify the premium. The opportunity lies in the long lease and the block’s potential for future subdivision or development, though this is not immediate. Hold this property for rental income and land appreciation in a market with constrained supply.