96 Riverbank Drive, Katherine South NT 0850

4-bedroom pool home on 740m² | 6-car capacity | dual-street potential | high site coverage for zone The property’s competitive edge lies in its unusually high 298m² building footprint on a flat 740m² lot, giving 40% site coverage that is rare for Katherine South. For a buyer seeking a large family home with workshop, shed, and pool already in place, this removes the cost and approval risk of adding such infrastructure. The 6-car capacity and dual garage-carport configuration also suit a household with multiple vehicles or a small trade business operating from home. This house best serves a buyer wanting move-in readiness with expansion room, rather than a renovator or investor seeking a discount for work needed. The main risk is that the asking price sits above the estimated value range, meaning the buyer must negotiate hard or accept immediate negative equity. The 2013 sale at $380,000 and subsequent flat suburb median suggest limited capital growth in this street. However, the NBN FTTP connection and absence of overlay restrictions reduce holding risk. The opportunity is to secure the property below $540,000, where rental cover at $665 per week becomes viable. Hold this house as a long-term family home or rent it out; it is not a flip candidate.