23 Mendel Drive, Kelso NSW 2795
23 Mendel Drive, Kelso NSW 2795
Spacious family house | Kelso family belt | triple garage with workshop | 500m²+ internal | no overlay risk
The buying case for this property rests on its unusual combination of sheer internal scale and a fully finished, low-maintenance block in a proven family catchment. At over 500 square metres under roof on an 838-square-metre lot, this is not a standard family house , it offers genuine spatial separation with a separate media room, a covered alfresco, and a triple garage with workshop that effectively functions as a utility annex. For a buyer seeking a long-term family home that avoids the cost and disruption of renovation, the configuration is rare. The property is best suited to a household that values immediate occupancy, generous indoor-outdoor flow, and proximity to Kelso Public and the Denison College campus without the premium of Bathurst’s inner ring.
The principal risk is the price expectation implied by the quiet listing guidance of $1.2 million to $1.32 million, which sits well above the Domain midpoint and the Property.com.au estimate. That gap represents a negotiation opportunity rather than a structural flaw, provided the buyer is prepared to anchor on the $1.02 million to $1.13 million range supported by comparable sales and rental evidence. The property’s rental yield of approximately 4.4 per cent at $860 per week is solid but not exceptional, meaning the commercial logic is strongest for an owner-occupier who will capitalise on the floor area and school access over a decade-plus hold. Hold as a primary residence and treat the workshop and storage as a structural advantage that reduces the need for external sheds or future outlay.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Mendel Drive, Kelso NSW 2795
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Kelso is a family-centric suburb with strong demand driven by professionals and established households seeking established residential areas and new estate living. Recent price growth reflects steady market conditions, though extended selling periods indicate some buyer selectivity. Future demand is anchored by its family-oriented demographic profile, while affordability constraints and limited stock present key considerations for the market’s trajectory.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
3
Land
838m²
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