35 Janelle St, Kelso is a 0 bedroom, 0 bathroom House. The property has a land size of 3136m2 and floor size of 145m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
With multiple possibilities to develop, with approval to subdivide and construct either 3 separately titled duplexes' (3 buildings, 6 units in total) on one allotment and receive circa $300k profit. Add to this the possibility to strata-title the development at a later date and the opportunities to value add to this development are extensive. (Subject to council approval) buying at the bottom of a market is the strategy the best investors and developers use.
This opportunity would be perfect for the builder who's been considering smaller developments, or ready for a larger commitment; as it can be broken up into 1, 2 or 3 stages to minimize risk and exposure. Also perfect for astute investor looking to build for wholesale and leverage off seller's hard work on development approval. Over $50,000 invested in the development approval
Available for inspection are:
- Development plans
- Building plans
- Council approvals
- Extensive additional information from the developer
- Market analysis of completed value per building and unit
The property comprises
- Lot 111 - 35 Janelle Street - 3136m block
Opportunities such as these where the time consuming council development work has been completed is rare. Opportunities with low entry and great returns are rarer still.
The property is to be offered for sale.
If you'd like more information, or to arrange an on-site meeting to discuss the development further, please contact me today.
Note: Buyers will be provided with all possible information in relation to the development, however the properties are sold on an as-is basis and it is the responsibility of buyer's to carry out independent due-diligence.
The size of Kelso is approximately 17.2 square kilometres. It has 10 parks covering nearly 4.8% of total area. The population of Kelso in 2016 was 10538 people. By 2021 the population was 10599 showing a population growth of 0.6% in the area during that time. The predominant age group in Kelso is 10-19 years. Households in Kelso are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kelso work in a community and personal service occupation.In 2021, 65.80% of the homes in Kelso were owner-occupied compared with 63.70% in 2016.
Kelso has 4,262 properties. Over the last 5 years, Houses in Kelso have seen a 138.06% increase in median value, while Units have seen a 54.51% increase. As at 30 November 2025:
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