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340 Florina Road

Katherine, NT 0850, Australia
$1.25m

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Area Price Guide
$1.18m$1.32m

Indicative price guide range

🏘️
33
Comparable
📊
$395,000
Area median
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+216%
vs median
🗓️
Yesterday
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Positioned just five* kilometres from Katherine Township, the property presents an exceptional opportunity to secure a substantial 65* hectare landholding primed for lifestyle acreage subdivision. A well-considered subdivision proposal is already in place, with approval anticipated prior to settlement. The proposal comprises four 8* hectare lots, fourteen 2* hectare lots and one 3.5* hectare lot, offering flexibility to cater to strong demand for rural residential living in this tightly held area. The property is thoughtfully prepared for development, featuring a formed internal road extending from Florina Road, providing access throughout the estate to each proposed lot. Power has been provisioned to each allotment via a transformer within the subdivision, running underground to the property boundary along Florina Road (not yet connected). Water infrastructure is also in place, with a 300,000* litre tank currently servicing the property. Upon full development, water supply will be delivered directly from the bore to each lot, with the tank retained as a backup. Both water and power have been provisioned to each lot, streamlining the path to development. Located along the highly regarded Florina Road, the property enjoys convenient access to Katherine Township, where a full range of essential services are available, including schools, childcare, medical facilities, hospital services, supermarkets and a domestic airport with regular flights to Darwin and Alice Springs. A school bus stop along Florina Road further enhances accessibility for families. Combining scale, existing infrastructure and a highly desirable location, this is a compelling opportunity to capitalise on the growing demand for rural lifestyle living just minutes from Katherine. Key Features: - 65* hectare landholding in proximity to Katherine Township - Subdivision proposal for 19 lots - Formed internal road providing access throughout the development - Power and water provisioned to each proposed lot - 300,000* litre water tank plus bore supply planned for direct connection - School bus stop on Florina Road - Convenient access to schools, hospital, shops and airport *Approximately

Property Features

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    Repayment calculator

    $6,060/month
    $3,030 /fortnight
    Loan $1,000,000 at 6.10% over 30 years

    Upfront costs

    Deposit$250,000
    Stamp duty$61,876
    Conveyancing (est.)$2,000
    Total upfront$313,876
    Verify with NT revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Listed
    Yesterday

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