Nestled on a generous 814m2 section in the tranquil cul-de-sac of Kelman Road, this 1950-built residence boasts 2 bedrooms, 1 bathroom, and a single carpark. The property, with a floor area of 87m2, is complemented by a wood exterior, tiled roof, and enjoys the benefits of freehold ownership. The property's capital value has seen a 50% increase from $750,000 in 2017 to the current $1,125,000 as of June 2021, reflecting a promising investment opportunity. The HouGarden AVM estimates the property's worth at $1,077,500, while the latest sales were recorded at $915,000 in 2024 and $690,000 in 2019.
With a property contour that presents an easy to moderate rise, this dwelling is situated in a Mixed Housing Urban Zone, ideal for potential development. The location is further enhanced by its proximity to amenities like Kelston Mall and LynnMall, with convenient access to public transport. Educationally, the property falls within the zones of St Leonards Road School (Decile 3), Kelston Intermediate (Decile 2), Kelston Boys' High School (Decile 3), and Kelston Girls' College (Decile 2), ensuring quality education options for the family.
Whether as a family home or a developer's choice, this property presents a golden opportunity to secure a slice of prime real estate in a sought-after school zone.
Updated on October 16, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.10 km | 4 | 1 | -m2 | Year 2024 Month 10 Day 15 | - | Council approved | |
 | 0.23 km | 2 | 110m2 | Year 2024 Month 10 Day 14 | $745,000 | Council approved | ||
 | 0.10 km | 4 | 1 | 0m2 | Year 2024 Month 10 Day 01 | $725,000 | Council approved | |
 | 0.10 km | 4 | 1 | -m2 | Year 2024 Month 09 Day 01 | $755,000 | Council approved | |
 | 0.11 km | 3 | 1 | -m2 | Year 2024 Month 08 Day 13 | - | Council approved |