42 Oshea TerraceKatherine NT 0850
Property Details for 42 Oshea Tce, Katherine
42 Oshea Tce, Katherine is a 8 bedroom, 5 bathroom Unit and was built in 1980. The property has a land size of 1510m2. While the property is not currently for sale or for rent, it was last sold in August 2009.
Last Listing description (December 2022)
Introducing 42 O'shea Terrace, Katherine Located in a central location, this tidy, low-maintenance complex is an ideal investment offering 9.18% gross returns (approx.) with no strata/body corporate.
The owners have decided it is time to sell and have set the price accordingly.
42 O'Shea Terrace is superb location is walking distance to the CBD, schools, sports facilities all while overlooking the Katherine River Reserve. The portfolio of one block of units comprising of one- and two-bedroom units 5 in total is an opportunity to secure a prime part of Katherine Real Estate.
The opportunity to acquire a portfolio like this in the pristine Katherine region, is rare. As the portfolio is being offered for sale, the form of sale provides an excellent opportunity for both private and corporate buyers to participate in the process.
Unit 1: $1651.19 p/m Leased until 19/04/2023
Unit 2: $330.00 p/w Leased until 20/07/2022
Unit 3: $340.00 p/w Leased until 05/10/2022
Unit 4: $330.00 p/w Leased until 23/10/2022
Unit 5: $390.00 p/w Leased until 02/11/2022
Outgoings:
Council Rates: Approx $5,000 p/a
Water Rates: Approx $1,300 p/q
Grounds Maintenance: $82.50 p/f
Complex Managed by Elders Real Estate, Katherine - Selena Madsen
Ingoings:
Weekly rental income: $1761
Rental Yield: 9.18%
GROSS RETURN - Yearly rental income: $91,572
KEY FEATURES
All units have air conditioning
Solid Brick Construction
Range of 1 bedroom and 2-bedroom Units
Full kitchens and bathrooms
Each unit has a private fenced back yard
Located within walking distance to the CBD and Katherine Knotts Crossing.
Close to schools and sporting facilities
Sought after accommodation from current rental applicants.
Security Screens
1 car space per unit (unit 5 has a double car space)
For more information or to organise a private viewing, call our sales specialists At Elders Real Estate on: Ashleigh Chadwick: 0438 857 912& Alison Ross: 0417 847 950.
Property History for 42 Oshea Tce, Katherine, NT 0850
- 08 Feb 2022Listed for Sale Offers Over $950,000
- 31 Aug 2009Sold for $690,000
- 23 Jul 2007Sold for $590,000
Recent sales nearby
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0About 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 2016 was 1488 people. By 2021 the population was 1254 showing a population decline of 15.7% 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 $1400 - $1799 per month on mortgage repayments. In general, people in Katherine work in a professional occupation.In 2021, 43.20% of the homes in Katherine were owner-occupied compared with 43.80% in 2016.
Katherine has 1,222 properties. Over the last 5 years, Houses in Katherine have seen a 19.53% increase in median value, while Units have seen a 16.91% increase. As at 30 November 2025:
- The median value for Houses in Katherine is $361,168 while the median value for Units is $238,934.
- Houses have a median rent of $530 while Units have a median rent of $415.
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