1 Bellevue RoadBelmont NSW 2280
Property Details for 1 Bellevue Rd, Belmont
1 Bellevue Rd, Belmont is a 3 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 612m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
Last Listing description (February 2024)
Introducing a compelling prospect for discerning investors, this fully tenanted five-unit complex presents an enticing opportunity. Comprising four x one-bedroom residences on the ground level and a spacious two-bedroom dwelling on the upper floor, the property stands as a lucrative income-generating asset, boasting an annual gross return of $72,500. Nestled in an exclusive lakeside cul-de-sac, surrounded by high quality homes, 7 Bellevue Road epitomises prime real estate.
Consider embracing the status quo or seize the chance to enhance value through strategic renovations that have the potential to elevate rental income. Alternatively, explore avenues such as individual strata title subdivision or a transformative knockdown-rebuild or development project, taking advantage of the block's scenic lagoon and lake views. All possibilities hinge on securing council approval, unlocking the true potential of the 512.2sqm landholding.
Beyond the boundaries of this property, a plethora of activities await, including sailing, fishing, cycling, golfing, and beach outings. Tinta and the Gunyah Hotel are close by for great dining options, while Belmont town centre lies just 1300m away, ensuring convenient access to daily essentials.
Dual level five unit complex on 512.2sqm block zoned R2 Low Density
4 x ground level one bedders, two bedroom dwelling upstairs with lake and lagoon views
Five car spaces
Current gross annual return of $72,500 with scope to increase through renovation
1300m to Belmont Citi shops and eateries
5 minute drive to Blacksmiths Beach and Belmont Golf Club
20km/27mins to Newcastle, 115km/85mins to outskirts of Sydney
Detailed Information Memorandum available upon request
Property History for 1 Bellevue Rd, Belmont, NSW 2280
- 22 Dec 2023Listed for Sale Price Guide On Request
- 20 Oct 2020Sold for $535,000
- 09 Sep 2020Listed for Sale Guide $530,000 - $565,000
Recent sales nearby
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0About Belmont 2280
The size of Belmont is approximately 10.4 square kilometres. There are 11 parks, covering nearly 3.8% of the total area. The population of Belmont in 2016 was 7114 people. By 2021 the population was 7289 showing a population growth of 2.5% in the area during that time. The predominant age group in Belmont is 60-69 years. Households in Belmont are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belmont work in a professional occupation.In 2021, 66.10% of the homes in Belmont were owner-occupied compared with 66.10% in 2016.
Belmont has 4,175 properties. Over the last 5 years, Houses in Belmont have seen a 51.93% increase in median value, while Units have seen a 34.76% increase. As at 30 April 2026:
- The median value for Houses in Belmont is $1,031,270 while the median value for Units is $754,051.
- Houses have a median rent of $720 while Units have a median rent of $480.
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