20 Hannibal Crescent
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About this property
Offered for auction, this is a genuinely rare, unicorn investment opportunity that will immediately resonate with the shrewd, yield-focused investor. Large-scale, income-producing assets with this level of flexibility, separation, and upside are exceptionally uncommon and are seldom brought to market. Purpose-built for performance, the property comprises nine bedrooms and seven bathrooms, intelligently configured to maximise rental potential. A standout feature is the dual street frontage with two completely independent entrances, allowing for versatile multi-tenancy and diversified rental strategies. The property is further enhanced by separate electrical meters throughout, providing operational clarity, simplified management, and strong appeal for long-term investors. The inclusion of solar power helps reduce operating costs and supports improved net returns. The asset is already generating approximately $1,200 per week, with immediate and clearly defined upside. By leasing the currently owner-occupied componentcomprising three bedrooms and two bathroomstotal income can be increased to approximately $1,900 per week. For investors who recognise value-add opportunities, there is further scope to create a 10th bedroom with minimal capital expenditure, unlocking an additional estimated $250 per week. Once fully optimised, a shrewd investor could reasonably expect gross returns approaching 9%, a compelling result in today's market for a property of this scale and configuration. Beyond its strong financial fundamentals, the property also delivers on tenant appeal and security. Features include an eight-person spa, undercover parking, and remote-control security gates, all of which enhance liveability, safety, and rental demand. Properties of this naturelarge-format, separately metered, dual-access investments with proven and expandable income streamsare exceptionally rare. For investors who understand yield, scalability, and future-proofed design, this auction represents a standout opportunity to secure a truly unique, high-performing
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 9
- Bathrooms
- 7
- Parking
- 9
- Land Area
- 835 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Gray
This 9-bedroom house in Gray, NT 0830 sits within reach of public transport, local shops and nearby schools. It is listed 79% above the $700,000 median of 66 comparable houseswithin 5 km.
Schools near Gray
- Good Shepherd Lutheran College - Palmerston Campusprimary
- Gray Primary Schoolprimary · T-6 · CoEd
What's nearby
- Raffles Road (450) (bus) — 312 m away
- Coles — 181 m away
- Dunbar Park — 235 m away
- Allamurr Park — 254 m away
- Cunningham Park — 471 m away
Gray at a glance
Full suburb profile- Population
- 3,142
- Median age
- 34
- Household income
- $1,479/wk
- Median rent
- $300/wk
- Median mortgage
- $1,725/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Gray price trend
Median sold · House 3 bed
Compound growth +8.2% / yr over 4 yrs
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1 price change recorded for this property
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