9 Arunga Street, The Gap NT 0870

4-bed, 1-bath house on 966m² | 12 car spaces, 340m² building | The Gap NT 0870 | estimated $343k value, $690 rent potential | no overlays, solid structure This property offers a rare combination of scale and positioning. The 966m² lot with 12 open car spaces and a 340m² building provides configuration flexibility that few houses in The Gap can match-suitable for a buyer seeking multi-vehicle storage, a home-based business, or future subdivision potential. The estimated $343,000 value against a $690 weekly rental yield indicates a strong gross return, and the absence of bushfire, flood, or heritage overlays reduces regulatory friction. It serves best an investor or owner-occupier who values land mass and parking over interior finish, or a buyer looking to add value through cosmetic updates. The single bathroom and one living area are the primary constraints, limiting appeal for families or tenants requiring multiple wet areas. The 2010 sale price and 2008 rental history suggest limited recent transaction evidence, making valuation dependent on comparable sales. The estimated value of $343k may be conservative given the land component. An opportunity lies in converting excess parking or building area into additional living space or a granny flat, subject to council approval. Hold this property for land appreciation and rental income, or improve the bathroom and living configuration to lift value.