94 Bannerman Cres, Kelso NSW 2795
94 Bannerman Cres, Kelso NSW 2795
3 bed, 1 bath, 554 m² block | 85 m² internal, circa 1980 | R1 zoning, no flood or heritage | Entry-level Kelso house with rental yield near 4.5%
This property holds a clear competitive edge as an entry-level house in an established Kelso pocket, where the modest 85 m² footprint is offset by a solid 554 m² block that allows for future extension or redevelopment under current R1 zoning. Its practical configuration—three bedrooms, single bath, and garage space—serves first-home buyers and investors best, particularly given the confirmed air conditioning and electric hot water, which reduce immediate upkeep costs. The house sits within walking distance of Kelso High Campus and local retail, and the absence of flood or heritage constraints removes two common hurdles, making it a straightforward, low-risk purchase in a suburb where median pricing sits comfortably above this property’s expected range.
The value picture may hinge on the older build year and compact internal area, which could limit appeal for buyers seeking move-in-ready space compared to larger, newer stock nearby. The 2016 purchase price of $220,000 suggests significant capital growth since, but the current market may reward the land component more than the dwelling itself, meaning a buyer should weigh renovation costs against potential resale or rental upside. The rental estimate of $525 per week and 4.54% yield indicate steady income potential, but the property’s final price may be shaped by how much weight is placed on the smaller house versus the land’s future possibilities.
Detailed Independent Property Report prepared by PropCred Analyst team for 94 Bannerman Cres, Kelso NSW 2795
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Kelso, in Bathurst Regional, is a family-oriented market where couples with children and professionals drive demand, underpinned by a young population and new estates. Median house prices range from $749,000 to $790,000, with growth between 0.6% and 4.2% over the past year depending on source, while days on market of 86 to 126 indicate buyer caution. Sales volumes of 170-234 houses annually show steady activity. Future growth is supported by tight vacancy of 0.61% and house rents rising to $550-$580 weekly, but affordability is stretched relative to local incomes, and stock levels down 11.39% year-on-year constrain supply.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 64 Emerald Drive (3/2/2, 586 m²) sold $790k–$830k; 16 Bannerman Cres (662 m² vacant) guided $270k–$290k | Property Price Band: $500k–$600k | Value Drivers: land size, build age, internal layout
Bedrooms
3
Bathroom
1
Parking
1
Land
554m²
URL has been copied successfully!