FOR SALE
$165,000

7 Lorre Court
Katherine NT 0850

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 0.1ha
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Awesome investment opportunity

Are you looking to develop or build ?
7 Lorre Court is a 1000sm, currently vacant. This block is zoned LR ( Low Density Residential).
The current owners have had plans approved to build 3 units on this block. We have them available to show you.
It is only a moments drive or walk from the towns CBD and also to the hot springs and school.
This location is a popular spot that is well sought after.
Build for investment purposes or for your self.
Don't miss your chance to invest in this address!
Call Leah today on 0437 456 474 to discuss this property!

Property Details for 7 Lorre Ct, Katherine

Building Type
Land
Land Size
0.1ha

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About Katherine 0850

The size of Katherine is approximately 4.2 square kilometres. It has 9 parks covering nearly 8.1% of total area. The population of Katherine in 2011 was 1,376 people. By 2016 the population was 1,490 showing a population growth of 8.3% in the area during that time. The predominant age group in Katherine is 20-29 years. Households in Katherine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Katherine work in a professional occupation. In 2011, 42.3% of the homes in Katherine were owner-occupied compared with 43.8% in 2016.

Katherine has 1,231 properties. Over the last 5 years, Houses in Katherine have seen a 12.65% increase in median value, while Units have seen a 10.95% increase. As at 31 July 2024:

  • The median value for Houses in Katherine is $348,388 while the median value for Units is $198,358.
  • Houses have a median rent of $485 while Units have a median rent of $380.
There are currently 28 properties listed for sale, and 8 properties listed for rent in Katherine on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Katherine.

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Leah Garrett
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LJ Hooker Katherine
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