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71 Priest Circuit, Gray NT 0830

CONTACT AGENT | POTENTIAL 6%+ GROSS RENTAL YIELD!

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$600k - $650k Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 2 Cars 904 m²

Listed: 1 hour ago

Overview

Located in the suburb of Gray, 71 Priest Circuit presents a versatile opportunity for both investors and owner-occupiers in the Northern Territory's vibrant property market. This house offers the essential features for comfortable living while providing scope for personalization and value enhancement.

The elevated design optimizes the home’s spatial layout, with three bedrooms and open-plan living and dining areas on the upper level that foster a connected and airy atmosphere. Downstairs, a spacious rumpus room doubles as a fourth bedroom complete with a brand-new air conditioner (installed in 2026) and an ensuite bathroom, providing privacy and flexibility ideal for larger families, visiting guests, or multi-generational living.

Four bedrooms, equipped with brand-new air conditioning units, ensure year-round comfort.
Two bathrooms, including an ensuite, enhance convenience and privacy.
A functional kitchen supports culinary needs within the open-plan living arrangement.
Outdoor living is a highlight with a compliant swimming pool, perfect for cooling off during the warm Darwin climate.
Generous undercover entertaining areas extend the living space, ideal for hosting gatherings, barbecues, or enjoying relaxed family time.
Two parking spaces accommodate vehicles comfortably.

Investors will appreciate the immediate income opportunity, with the property currently leased at $700 per week until February 2027, yielding an attractive potential gross return above 6%. The established tenancy offers a secure income stream while allowing future flexibility when the lease concludes.

The home’s 904 square metre low-density residential zoning offers ample land space to suit outdoor activities, gardening, or potential modifications. Built in 1984, this property balances foundational reliability with the potential for contemporary upgrades.

Whether expanding an investment portfolio with a property that delivers immediate rental yield or securing an entry-level home with space and features ready to adapt to personal tastes, 71 Priest Circuit offers versatility and value in an appealing Darwin location.

Local Market Insights

In Gray, Quiet Listings observed 17 new houses entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $703,353. The property type mix of listed properties is predominantly Houses at 89%, followed by land (5%), and villas (5%). The most active agency for houses in the Gray area is currently Real Estate Central, representing 35% of new listings, followed by Ray White with 24%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.