29 Wells St, Bellevue is a 8 bedroom, 4 bathroom Townhouse with 2 parking spaces. The property has a land size of 1222m2 and floor size of 87m2.
Now here's an investment opportunity you don't see every day.
This absolute charming circa 1920s built brick & iron cottage has eight bedrooms and four bathrooms, covers two lots but is on one green title.
Set up as four separate 2 x 1 units (each with own power and water metres), each has a sitting periodical tenant with a settlement return of $1230pw.
But here's the thing.
The location is in the heart of Bellevue's General Industrial area and the zoning is exactly that.
According to The City of Swan, the objectives of the General Industrial Zone are to provide for a generally larger scale industrial development, including manufacturing, servicing, storage & distribution.
Imagine the possibilities!
We are seeking Expressions of Interest in the mid one millions and if you do your homework, on a per square metre basis, you will find this is a very attractive prospect indeed.
Enjoy the current return with four happy tenants or develop and prosper.
The size of Bellevue is approximately 3.0 square kilometres. It has 11 parks covering nearly 25.0% of total area. The population of Bellevue in 2016 was 1521 people. By 2021 the population was 1514 showing a population decline of 0.5% in the area during that time. The predominant age group in Bellevue is 30-39 years. Households in Bellevue are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bellevue work in a trades occupation.In 2021, 67.20% of the homes in Bellevue were owner-occupied compared with 72.40% in 2016.
Bellevue has 1,233 properties. Over the last 5 years, Houses in Bellevue have seen a 112.00% increase in median value, while Units have seen a 89.23% increase. As at 31 January 2026:
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