81 Casuarina Street, Katherine East NT 0850

2-bedroom home on 590m² | built 2002 Solar Living Homes | low-maintenance fully fenced | tenanted at $620/week until Dec 2025 The property offers a rare combination of a modern, low-maintenance build on a 590m² lot with a 213m² floorplan, which is generous for a two-bedroom home and provides genuine living space. The fully fenced, reticulated yard with an undercover entertaining area reduces upkeep while appealing to downsizers or investors seeking a turnkey holding. Being tenanted at $620 per week through December 2025 provides immediate income certainty, and the absence of bushfire or flood overlays lowers insurance and holding costs. This suits an investor prioritising stable cash flow or a buyer wanting a lock-and-leave home in a well-connected Katherine location. The 36% building coverage leaves limited yard space for expansion, and the 2022 sale at $475,000 suggests modest capital growth in this market. The tenancy locks in current rental income but caps owner-occupier flexibility until late 2025. Council rates at $1,800 annually are reasonable. The opportunity lies in the property’s low-maintenance configuration and strong rental yield potential-midpoint $630 per week-which supports a buy-and-hold strategy. Hold for income, reassess at lease end for owner-occupation or yield adjustment.