48 Kidman AvenueBelmont VIC 3216
Property Details for 48 Kidman Ave, Belmont
Last Listing description (May 2021)
An investment property with an easy to manage opportunity is on offer at 48 Kidman Ave, Belmont. It is a very affordable commercial investment.
The Commercial Zone 1 property is located in a fully tenanted shopping strip and brings in an annual income of $14,662 Per annum incl GST.
It has been recently signed with a new tenant, with a long-term lease. 5 x 5 x 5 years, beginning in July 2020.
The total site area is approximately 138m2 with a building area of approximately 91m2.
The property is in excellent condition with newly polished concrete floors, shopfront and paintwork.
What truly underpins the investment in this growth-dominant environment is the public and private enterprises spending millions of dollars throughout Belmont and greater 3216, ensuring security and a prosperous future.
Property History for 48 Kidman Ave, Belmont, VIC 3216
- 25 May 2021Sold for $287,000
- 13 May 2021Listed for Sale $295,000-$325,000
- 10 Jul 2013Sold for $183,000
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About Belmont 3216
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 8,212 properties. Over the last 5 years, Houses in Belmont have seen a 18.86% increase in median value, while Units have seen a 18.44% increase. As at 31 March 2026:
- The median value for Houses in Belmont is $793,668 while the median value for Units is $536,662.
- Houses have a median rent of $520 while Units have a median rent of $450.
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