Positioned in one of Belmont’s most tightly held and desirable streets, this 2-bedroom, 1-bathroom home presents an exciting opportunity for buyers with vision. Whether you're looking to renovate, rebuild, or landbank for future growth, this property delivers exceptional value in both location and lifestyle.
Set just approx. 350m from the lake’s edge and the iconic Belmont 16s, this home is nestled in a peaceful, well-established neighbourhood and zoned (R2) Low Density Residential—offering flexibility for future development (STCA) while maintaining the quiet charm of the area. You're also just approx. 1km from the ever-popular Good One Caf and approx. 1.3km from Belmont CBD—home to a range of shops, services, and eateries. With zoning for Belmont High School and Belmont Public School, the area caters well to families, retirees, and investors alike.
With our property management team estimating a rental return of approximately $530–$580 per week, this property aligns well with the suburb's median rent for two-bedroom houses, which stands at approx $533 per week. The area has experienced a notable 12.1% increase in median rent over the past 12 months, reflecting strong rental growth.
Furthermore, Belmont boasts an annual rental yield of 3.8%, making it an attractive proposition for investors seeking steady returns. The suburb's low vacancy rate of 1.5% underscores the high demand for rental properties in the area, ensuring minimal downtime between tenancies. Given its prime location and the robust rental market, this property offers both immediate income potential and long-term capital growth prospects.
While the existing home is modest, it includes character-filled touches and updated features such as ornate ceilings, laminate floorboards throughout, and a reverse cycle air-conditioner servicing the lounge room. The modern bathroom features a frameless shower with a rainfall showerhead, and the galley-style laundry has been stylishly finished with a butcher’s block benchtop and built-in linen press. The spacious kitchen offers ample storage, prep space, and electric cooking facilities, while the main bedroom includes a ceiling fan for added comfort.
With a single car space and excellent scope to extend, enhance, or completely reimagine the property, this home is perfect for those wanting to secure a foothold in a premium location with strong growth potential.
Don't miss this chance to create your dream lifestyle or investment in a peaceful lakeside setting with all the conveniences of Belmont just moments away.
Council Rates: Approx. $2,201.60 1 p.a.
Water Rates: Approx. $818.69 p.a.
(We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.)
