25 Lucy StreetKatherine South NT 0850
Property Details for 25 Lucy St, Katherine South
25 Lucy St, Katherine South is a 2 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1980. The property has a land size of 1110m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in July 2013.
Last Listing description (June 2021)
25 Lucy Street is an excellent investment opportunity that can give you 11% plus returns!! Ideally located close to town along Riverbank Drive just a short walk to the main street, shopping centre and popular Hot Springs Pop Rocket caf, this fantastic solid brick complex has endless opportunities! All four units are fully furnished with contemporary furniture and comprise of the following:
- Two large airconditioned and tiled bedrooms
- Light and bright airconditioned living areas- spacious with high ceilings, exposed beams and plenty of windows for natural light
- All units have their own fenced court yard and direct street access
- Generous sized outdoor patios
- Back patio with laundry
- 6 KVA solar system on unit 4
- NBN connection optic to the residence in each unit
- Current rental income $81,120 per annum with long term tenants with a 11.2% return
Perfect if you're looking to live in a unit and rent out the others, or simply set and forget in your property portfolio.
Easily rented out, some units have achieved $750 per week on short term rental and $850 per week on AirBnB. Holiday stay is a great option in a vibrant tourist town like Katherine. Be part of the Develop the North and the major Defence infrastructure investment.
Property History for 25 Lucy St, Katherine South, NT 0850
- 06 Dec 2017Listed for Sale $750,000
- 09 Jul 2013Sold for $530,000
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About Katherine South 0850
The size of Katherine South is approximately 6.2 square kilometres. It has 9 parks covering nearly 19% of total area. The population of Katherine South in 2011 was 1,405 people. By 2016 the population was 1,494 showing a population growth of 6.3% in the area during that time. The predominant age group in Katherine South is 30-39 years. Households in Katherine South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Katherine South work in a professional occupation. In 2011, 34.4% of the homes in Katherine South were owner-occupied compared with 38.8% in 2016.
Katherine South has 731 properties. Over the last 5 years, Houses in Katherine South have seen a 17.25% increase in median value, while Units have seen a 12.51% increase. As at 31 October 2024:
- The median value for Houses in Katherine South is $321,883 while the median value for Units is $233,072.
- Houses have a median rent of $443 while Units have a median rent of $325.
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