OFF MARKET

24 Second Street
Katherine NT 0850

Bedrooms: 3
Bathrooms: 2
Car spaces: 12
Floor area: 91m2
Land area: 2033m2
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Property Details for 24 Second St, Katherine

24 Second St, Katherine is a 3 bedroom, 2 bathroom House with 12 parking spaces and was built in 1960. The property has a land size of 2033m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Year Built
1960
Floor Size
91m2
Land Size
2033m2
Local Government
Katherine
Lot/Plan
Loc 425 Lot 71/OP 001444

Last Listing description (April 2023)

This is a rare opportunity to purchase prime real estate in the centre of town.
The 2030m2 property is currently trading as a used car sales yard.

There are two separate residences, the original 1960s two-bedroom house hidden in the secluded cool leafy back area. The front blue one bedroom cottage is used as a rental and an office.

This property oozes character! It has the potential to be subdivided into two separate blocks and has two separate driveways and power boxes.

Katherine is the regional hub and service centre for the Big Rivers Region (360,000 square kilometres) that caters to a dynamic tourist and pastoral industry. There are extensive mining and agriculture communities along with road houses and large Indigenous communities that all use Katherine as their main business centre. Over 250,000 people visit the Katherine Gorge, located just 25 kms from town, each year.


Zoned as CB - CENTRAL BUSINESS
Promote an active and attractive mixed-use environment that maximises its function as the commercial, cultural, administrative, tourist and civic centre for the surrounding region that is integrated with high density residential development.



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Property History for 24 Second St, Katherine, NT 0850

A timeline of how this property has performed in the market
Last Sold
$583,000
16 Mar 2023
  • 16 Mar 2023
    Sold for $583,000
  • 27 Jan 2023
    Listed for Sale Offers over $550,000 + GST
  • 16 Mar 2021
    Listed for Sale $495,000 + GST
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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 1,224 properties. Over the last 5 years, Houses in Katherine have seen a 16.43% increase in median value, while Units have seen a 28.77% increase. As at 31 October 2024:

  • The median value for Houses in Katherine is $345,369 while the median value for Units is $233,652.
  • Houses have a median rent of $485 while Units have a median rent of $380.
There are currently 21 properties listed for sale, and 9 properties listed for rent in Katherine on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Katherine.

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