124 Settlement Rd, Belmont is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1945. The property has a land size of 624m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Providing a strong foundation for the future, this brick, 3 bedroom + studio residence merges the undeniable lifestyle appeal of proximity to Waurn Ponds Plaza, High Street & the Surf Coast with the potential to add considerable value whenever you're ready. Partially refurbished, currently livable and capable of generating a rental return, the home is ready for some bathroom inspiration and set on a deep allotment of 624 sqm (approx).
Under soaring ceilings with polished boards under foot, the home flows past a pair of generous bedrooms, main living area with a gas fireplace, a stone-topped kitchen with a 900mm oven/cooktop and a traditional bathroom. Beyond the backdoor, a substantial self-contained studio perfect for the work from home space or teenagers retreat. The backyard is a strong assets that exude a solid sense of further potential to extend (STCA).
Split system air conditioning and gas heating keep the home comfortable year-round, while a shed, workshop and lock up garage adds convenience and flexibility.
Whatever you choose, this is a location to reward your vision.
Perfectly positioned within minutes to Quality Schools, High St Shops, Waurn Ponds Shopping Centre, Leisurelink Aquatic Centre, Deakin University, Epworth Hospital and the M1 taking you to Melbourne in under an hour, this very convenient and low maintenance home, this is a location with extraordinary family appeal.
The size of Belmont is approximately 9.2 square kilometres. It has 31 parks covering nearly 24.7% of total area. The population of Belmont in 2016 was 14054 people. By 2021 the population was 15066 showing a population growth of 7.2% in the area during that time. The predominant age group in Belmont is 20-29 years. Households in Belmont are primarily couples with children 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, 62.80% of the homes in Belmont were owner-occupied compared with 64.50% in 2016.
Belmont has 8,216 properties. Over the last 5 years, Houses in Belmont have seen a 27.53% increase in median value, while Units have seen a 23.36% increase. As at 30 November 2025:
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