Withheld
$2,030
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About the property
This Belmont property, seconds from Lake Macquarie's edge, offers unbeatable location advantages. A flat, level block sits at close proximity to Belmont 16s and a variety of shops, cafes, and restaurants. The charming cottage, though not the prettiest, flexes potential with a 550m² block and a 12m frontage. Rehab, remodel, or rebuild, it suits different needs: retirees, families, investors, or first-home buyers. Nearby schools include Belmont Christian College and Belmont High. Nearby sales have reached $1.6M, promising untapped value.
- Evaluate the structural integrity of the cottage.
- Verify the boundary measurements of the 550m² block.
- Check sunlight patterns and breezeway from the north and northeast.
- Assess the condition and accessibility of the single garage at the rear.
- Investigate potential easements or covenants on property use.
- Review recent sales in the area for price comparison.
- Check zoning and development potential with local council (STCA).
- Examine the proximity to Belmont 16s and other amenities.
- Confirm the availability of utilities and services on-site.
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Location Opportunity
City of Lake Macquarie statistics
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
213,845
2021 Population
95
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Average
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 50.0%
income growth
Average
Average Income
COMMUTE TIME
20mins
11kms
Very Good
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
4.5%
projected
for 2025 to 2027
Average
Su
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1.9%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Very Good
Average Rental Yield
VACANCY RATE
Excellent
Average Vacancy Rate
Days of Supply
Very Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Very Good
Average Population
Pricing
Sold Price
Asking Price
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