A RARE FOOTHILLS DEVELOPMENT OPPORTUNITY!
Opportunities of this scale are increasingly rare in the foothills of Kelmscott.
Set on an expansive and highly attractive site, 27 Fancote Street, Kelmscott presents a compelling proposition for developers, investors, or strategic landholders seeking a project where substantial planning and approval work has already been completed.
The existing home has been renovated throughout, offering immediate comfort or rental potential while future development plans are finalised.
Zoned R15/40, the property benefits from an approved 5-lot proposed subdivision, together with thoughtfully designed and previously approved plans for five brand new dwellings. A significant amount of time, expertise, and capital has been invested into research, design, consultant engagement, and the approvals process, allowing a future owner to move forward with clarity and confidence.
Importantly, based on comparable sales evidence in the current market, the approved dwellings would achieve sale prices in the early $900,000s upon completion in todays market. With continued market growth over the development timeframe, this presents a compelling opportunity for strong future returns.
While approvals exist for five lots, the current zoning also allows for the potential to support up to six lots (STCA). The site characteristics and location may also provide scope for buyers to explore alternative development outcomes.
• Sought-after foothills location in Kelmscott
• Generous site with R15/40 zoning
• Approved 5-lot proposed subdivision
• Plans for five new dwellings
• Extensive planning, design, and approvals already completed
• Currently leased on a periodical lease
• Rare development opportunity in a tightly held, low-supply area
THE OPPORTUNITY
The sellers' vision was to create a development that prioritised space, liveability, and quality, ensuring each home would feel generous and uncompromised in both layout and finish. This intent is reflected in the approved plans and overall site configuration.
The property is currently leased on a periodical lease, with a tenant who is willing to remain, providing holding income while future development plans are finalised.
Whether you proceed with the approved subdivision, land-bank in a tightly held foothills location, or investigate alternative development pathways, this is a site that offers genuine flexibility and long-term upside.
THE LOCATION
Positioned in the foothills of Kelmscott, this address offers an appealing balance of natural surroundings and everyday convenience. Enjoy close proximity to bushland and open spaces, while remaining near local schools, shops, and public transport, with straightforward access to Albany Highway, Armadale Road and key arterial routes.
Foothills properties with approved subdivision potential are tightly held and rarely offered to the market, making this an outstanding opportunity to secure a site with genuine scarcity value.
THE DETAILS YOU WILL NEED
Council Rates: $2100.00 per annum (approx)
Water Rates: $957.07 per annum (approx)
Zoning: R15/40
Land Area: 1500m2
Subdivision: Approved 5-lot proposed subdivision
Please note that the property is being sold “As Is”
For further details please contact Exclusive Selling Agent Thomas Bale from The Agency on 0406 403 888.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
