Positioned in a well-established and tightly held pocket of Armidale, 28 Odell Street presents an outstanding opportunity to secure a generous 818m parcel of land with DA approval already in place for three units.Flat, level, and primed for construction, this corner block offers exceptional flexibility with dual street frontage-making it ideal for developers ready to capitalise on a turnkey project. With approvals secured and minimal site preparation required, you can fast-track construction and bring your development to market sooner.Each of the approved two-bedroom units is expected to achieve approximately $450 per week in rental income, offering strong potential returns and making this an attractive proposition for investors seeking solid yield in a high-demand rental market.Surrounded by quality homes in a convenient, family-friendly location, blocks of this calibre-particularly those with development approval-are becoming increasingly rare.Whether you're looking to develop immediately, landbank, or invest with confidence, this is a premium opportunity in one of Armidale's most sought-after areas.Disclaimer: We have obtained all information from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
The size of Armidale is approximately 268.8 square kilometres. There are 41 parks, covering nearly 2.3% of the total area. The population of Armidale in 2016 was 23352 people. By 2021 the population was 23967 showing a population growth of 2.6% in the area during that time. The predominant age group in Armidale is 20-29 years. Households in Armidale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Armidale work in a professional occupation.In 2021, 59.20% of the homes in Armidale were owner-occupied compared with 57.70% in 2016.
Armidale has 13,861 properties. Over the last 5 years, Houses in Armidale have seen a 79.67% increase in median value, while Units have seen a 68.14% increase. As at 31 May 2026:
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