Gray at a glance
3,479
People
$625,300
Median sale
$300/wk
Median rent
2.49%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
NT › Gray › Raffles Rd
For sale
For sale
4
Bedrooms
2
Bathrooms
0
Car spaces
1,360 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
No recorded sale price for this property yet.
Gray at a glance
3,479
People
$625,300
Median sale
$300/wk
Median rent
2.49%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NTNT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from official geometry. Listed land size is 1,360 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $300/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownNT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from official geometry. Listed land size is 1,360 m² — that is not official geometry.
Nearby development pipeline
Area
Gray at a glance
3,479
People
$625,300
Median sale
$300/wk
Median rent
2.49%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Top End GroupIf you're looking for a property with plenty of room to improve, renovate and make your own, this could be the project you've been waiting for.
Set on a huge 1,360m² corner block, this four-bedroom, two-bathroom home is a genuine fixer-upper but one with serious potential.
This isn't a property that's pretending to be perfect. It needs some work, but for the right buyer, that's where the opportunity begins. Whether you're a renovator, investor, first-home buyer with a vision or simply someone looking for a sizeable block with plenty of possibilities, there's a lot here to work with.
Inside, you'll find four bedrooms and two bathrooms, giving the home a practical layout and a great starting point for a future transformation. Outside, verandahs wrap around two sides of the home, providing plenty of sheltered outdoor space and the perfect spot to enjoy the tropical lifestyle once you've put your own stamp on the property.
There's also a small garden shed for extra storage, while the enormous corner block provides plenty of space to get creative with the yard, gardens, entertaining areas or future improvements, all subject to the necessary approvals.
Location is another big tick, with the property positioned close to Palmerston's major shopping precinct, schools, services and everyday conveniences. Everything you need is within easy reach, making this a convenient location to build your future project.
Let's be upfront - this one needs work. But if you're someone who can look beyond the current condition and see what a property could become, this is where things get interesting.
A 1,360m² corner block, four bedrooms, two bathrooms, verandahs on two sides and a location close to Palmerston shops gives you a fantastic foundation to work from.
Bring the toolbox, bring the ideas and bring your imagination.
The hard work will be worth it for the buyer who can unlock the potential here.
Big block. Big potential. Big project.
This is your chance to take a property that needs some love and turn it into something that's truly your own.
Listing description written by Judy Blore, Elders Top End Group — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. This jurisdiction has no comparable official bond series in the free set.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.