28 O'Dell Street, Armidale NSW 2350
28 O’Dell Street, Armidale NSW 2350
Vacant corner block | DA-approved three-unit site | Prestige pocket | Turnkey development
This property presents a rare, de-risked development opportunity in a tightly held location. The existing DA approval for three units on a flat, generous corner block removes significant time, cost, and approval uncertainty, positioning it as a prime turnkey project. It is exclusively suited to a developer or builder-owner, offering immediate construction start and a premium end-product in an established precinct.
Proceed with a commercial lens focused on construction cost risk and market timing. The price guide reflects the cleared site value; your margin is contingent on build economics and absorbing any future market shifts. Execute with a clear build-to-sell or hold strategy for the completed units, as the land’s highest utility is now realized through development. This is a strategic acquisition for a capital deployer, not a passive land bank.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 O’Dell Street, Armidale NSW 2350
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Armidale is a dynamic regional centre anchored by its university, driving robust demand from academic staff, students, and families. This has fuelled strong recent price appreciation and a competitive sales environment. Future growth is underpinned by sustained educational and professional employment, though affordability pressures and limited new supply present notable market constraints.
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PropCred Estimated Value
Bedrooms
-
Bathroom
1
Parking
-
Land
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