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NT › Gillen › Nichols St

7 Nichols St, Gillen, NT, 870

For saleHouse

$575,000

For sale

Asking

4

Bedrooms

1

Bathrooms

0

Car spaces

1,130 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $575,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $575,000(Listing record · 10 Apr 2026)
  • FactLand 1,130 m²; no building size recorded.(Property record)
  • CalculationAsk is 26% above the Gillen median recorded sale ($455,000, n=31, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Gillen's advertised median rent ($400/wk), implied gross yield would be 3.62% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$575,000

Asking · $509/m² of land

No recorded sale for this property.

Gillen at a glance

5,239

People

$455,000

Median sale

$400/wk

Median rent

4.57%

Suburb gross yield

Median sale from 31 recorded sales (last 12 months) — a Districts calculation.

See the full Gillen report →

Vs Gillen

+26.4%

Median sale

Suburb $455,000

-0.95 pp

Gross yield

Suburb 4.57%

Suburb median $455,000 from 31 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$575,000
Stamp Duty (Northern Territory)
$28,463
Transfer/Registration Fee
$181
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$607,344

$32,344 on top of the price (5.6% extra)

  • Stamp Duty (Northern Territory)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Northern Territory schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Gillen's advertised median rent — not a rent for this listing.

Net yield
2.12%
Annual cashflow (pre-tax)
$-17,725
Interest cover (DSCR)
0.41
Annual rent
$20,800
Operating expenses
$8,625
Loan amount
$460,000
Annual interest
$29,900
Gross yield
3.62%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$575,000available10 Apr 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NT

Why this lot, not just this suburb

Why could this property outperform?

NT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from official geometry. Listed land size is 1,130 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $400/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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    NT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from official geometry. Listed land size is 1,130 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Gillen in one glance

Gillen at a glance

5,239

People

$455,000

Median sale

$400/wk

Median rent

4.57%

Suburb gross yield

Median sale from 31 recorded sales (last 12 months) — a Districts calculation.

See the full Gillen report →

Keep researching

  • Why Gillen? Read the area thesis →
  • What else is on the market in Gillen →
  • Other records on Nichols St →

Listing material

Listed by Nutrien Harcourts Alice Springs

Space, Comfort & Memories Waiting to Be Made...

If you've been searching for the perfect family home, the hunt ends right here. 7 Nichols Street delivers the lifestyle so many buyers dream of space, comfort, modern upgrades, and a backyard that feels like your own private retreat. Currently leased until 17/01/2027 at $750p/w.

The first thing to capture your attention is the expansive 1130m² block, offering room for kids, pets, hobbies, and entertaining without compromise. During summer the sparkling in ground pool will quickly become the heart of the home. Imagine cooling off after a long day while soaking in those stunning MacDonnell Range views a backdrop that never gets old.

The lush lawn area provides even more outdoor enjoyment, giving the family plenty of space to play, relax, or simply unwind under the Territory sky. The covered entertaining area overlooks the pool, making it the ideal spot for weekend BBQs or sunset dinners with friends.

Read the full description

Inside, the home continues to impress. The standout feature is undoubtedly the renovated, modern kitchen, a true showstopper for the home chef. With solid granite benchtops, gas cooktop, dishwasher, generous storage, and a central island bench, it's a space that blends style and practicality with ease.

At the front of the home, the tiled living area offers a peaceful place to relax, complete with a handy study nook for work or homework. All three bedrooms include floor to ceiling built in robes, ensuring storage is never an issue, while the bathroom is modern, neat, and well maintained.

A bonus feature is the studio/home office, perfect as a fourth bedroom, guest accommodation, or the ideal home office giving flexibility that families truly appreciate.

This is a home that has been extremely well cared for, offering a move in ready lifestyle with all the extras already in place. With its generous block size, modern upgrades, resort style pool, and family layout, 7 Nichols Street is a property that genuinely stands out.

Come and experience it for yourself, you'll be impressed from the moment you arrive.

Listing description written by Lindsay Carey, Nutrien Harcourts Alice Springs — reproduced as published, not verified by Districts.

Property features

  • In-Ground Pool
  • Secure Parking
  • Shed
  • Solar Hot Water
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.