33 Kelsey Road, Salisbury North SA 5108

Brick maisonette on 521sqm | 3 bedrooms, 1 bathroom, 1 car | 1962 solid build with renovation upside | Located in Salisbury North, suited to first home buyers and investors The property’s primary buying case rests on its generous land-to-floor ratio, with a 521sqm allotment supporting only 98sqm of dwelling, offering clear extension or redevelopment optionality in a corridor where land value is rising steadily. The solid brick construction from 1962 signals minimal structural risk, while the separate toilet and direct laundry access are practical advantages for a tenant or owner-occupier. It is best suited to buyers who can tolerate cosmetic work in exchange for below-median entry pricing in a suburb with improving connectivity and school catchment demand. The key risk is the bathroom and kitchen are likely original or near-original, requiring a $30,000–$50,000 refresh to unlock full rental yield or resale premium, and the absence of off-street parking beyond one car space may limit appeal to families. The opportunity is to hold for 3–5 years while the Salisbury council area benefits from infrastructure investment, or to renovate selectively and rent at $430 per week for a gross yield near 4.2%. Use this property as a long-term land hold with a modest renovation buffer.