1 Pearce Avenue
81 days on Market

1 Pearce Avenue,
Belmont, NSW

house
First listed on 01/11/2024
Property Overview
Bedrooms3
Bathrooms2
Car Spaces4
Current Asking Price

$980K

Cash Required (10% Deposit)

$149,916

Agent
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Original Listing

About the property

Welcome to 1 Pearce Avenue, Belmont, a spacious two-story corner block property offering breathtaking views of Lake Macquarie. With its timber cladding and open-plan kitchen, this home combines charm with modern comforts like split-system air conditioning and plush carpeting. The property features a generous backyard, double garage, and separate access, ideal for family living. Belmont offers a blend of convenience and outdoor enjoyment, with access to the Belmont Foreshore and scenic Fernleigh Track. Close to schools and local dining favorites, it's just 20 km from Newcastle's CBD.

  • Verify the condition of the timber cladding for weather-related wear.
  • Assess the age and energy efficiency of the split-system air conditioning.
  • Check the state of the carpeting in the bedrooms.
  • Confirm the measurements of the backyard to ensure it meets your family's needs.
  • Examine the condition and functionality of the ceiling fans.
  • Inspect the quality of the modern finishes in the second bathroom.
  • Verify the soundproofing quality of the upper floor windows with lake views.
  • Determine the convenience and safety of the separate access entry.
  • Explore the attic or other storage areas, if available.
  • Investigate flood risk due to proximity to Lake Macquarie.

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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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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Spent Per Capita

$10K
1

Rio Tinto

Expansion of the Tomago Aluminium Smelter to increase production capacity by 20

ManufacturingUnder construction
$250M
2

Incitec Pivot

Construction of a new fertiliser plant to produce ammonium phosphate

ManufacturingConfirmed
$150M
3

Lake Macquarie City Council

Development of a new manufacturing precinct to support local industry

ManufacturingUnder consideration
$50M
4

Origin Energy

Upgrade of the Eraring Power Station to increase efficiency and reduce emissions

Energy, Electricity, Gas & WaterUnder construction
$250M
5

Hunter Water

Upgrade of the Lake Macquarie Water Treatment Plant to improve water quality and increase capacity

Energy, Electricity, Gas & WaterConfirmed
$30M
6

Delta Electricity

Upgrade of the Vales Point Power Station to increase efficiency and reduce emissions

Energy, Electricity, Gas & WaterUnder consideration
$100M
7

Lake Coal Pty Ltd

The Awaba Coal Mine is a proposed underground coal mine located near the town of Awaba in the Lake Macquarie Local Government Area

MiningUnder construction
$250M
8

Centennial Mandalong Pty Ltd

The Mandalong Mine is a proposed opencut coal mine located near the town of Mandalong in the Lake Macquarie Local Government Area

MiningConfirmed
$120M
9

Lake Coal Pty Ltd

The Myuna Bay Expansion is a proposed expansion of the existing Myuna Bay coal mine located near the town of Myuna Bay in the Lake Macquarie Local Government Area

MiningUnder consideration
$80M
10

Transport for NSW

A new transport interchange to improve public transport services in Lake Macquarie

Community & Other servicesUnder construction
$30M
11

Healthscope

An expansion of the existing Warners Bay Private Hospital to increase healthcare services in the region

Community & Other servicesConfirmed
$40M
12

Lake Macquarie City Council

An upgrade of community facilities across Lake Macquarie to improve community services and amenities

Community & Other servicesUnder consideration
$25M
13

NSW Health

A redevelopment of Morisset Hospital to improve healthcare services in the region

Community & Other servicesUnder consideration
$50M
14

NSW Government

The John Hunter Hospital Redevelopment is a major project that will deliver a new and expanded hospital providing improved healthcare services to the community

HealthUnder construction
$790M
15

Healthe Care

The Lake Macquarie Private Hospital Expansion will increase the hospitals capacity providing more services and facilities to the community

HealthConfirmed
$30M
16

Ramsay Health Care

The Warners Bay Private Hospital Development is a proposed project that will provide a new private hospital to the community offering a range of healthcare services

HealthUnder consideration
$40M
17

Transport for NSW

Upgrade of Glenrock Road to improve safety and reduce congestion

Transport & StorageUnder construction
$25M
18

Lake Macquarie City Council

Construction of a new transport interchange to improve public transport services in Lake Macquarie

Transport & StorageConfirmed
$30M
19

Healthscope

Construction of a new private hospital and medical centre in Warners Bay

Transport & StorageComplete
$40M
20

Lake Macquarie City Council

Upgrade of Cams Wharf to improve maritime facilities and services

Transport & StorageUnder consideration
$20M
21

Lake Macquarie City Council

A 30m revitalisation of the Warners Bay town centre including new shops restaurants and community facilities

Mixed useUnder construction
$30M
22

Lake Macquarie City Council

A 25m redevelopment of the Toronto town centre including new shops restaurants and community facilities

Mixed useConfirmed
$25M
23

Lake Macquarie City Council

A 20m revitalisation of the Belmont town centre including new shops restaurants and community facilities

Mixed useUnder consideration
$20M
24

Lake Macquarie City Council

A 50m revitalisation of the Lake Macquarie city centre including new shops restaurants and community facilities

Mixed useUnder consideration
$50M
25

Healthscope

A new private hospital development in Warners Bay featuring 150 beds and a range of medical services

Finance, Property & Business servicesUnder construction
$40M
26

Lake Macquarie City Council

A redevelopment of the Lake Macquarie City Councils civic precinct featuring a new library council chambers and community facilities

Finance, Property & Business servicesConfirmed
$25M
27

GPT Group

A redevelopment of the Charlestown Square shopping centre featuring new retail and dining spaces

Finance, Property & Business servicesUnder consideration
$30M
28

University of Newcastle

A new clinical school development for the University of Newcastle featuring stateoftheart medical facilities

Finance, Property & Business servicesComplete
$20M
29

Warners Bay Hotel Pty Ltd

A 4star hotel and apartment complex with 120 rooms and 50 apartments

AccommodationUnder construction
$30M
30

Lake Macquarie Resort Pty Ltd

A 3star resort with 80 rooms and amenities including a pool restaurant and conference center

AccommodationConfirmed
$25M
31

Belmont Bay Apartments Pty Ltd

A 4star apartment complex with 40 apartments and amenities including a pool and gym

AccommodationUnder consideration
$22M
32

Toronto Hotel and Conference Centre Pty Ltd

A 4star hotel and conference center with 120 rooms and amenities including a pool restaurant and conference center

AccommodationUnder consideration
$28M
33

Lake Macquarie City Council

A new administration building for Lake Macquarie City Council featuring modern office spaces and meeting facilities

TradeComplete
$22M
34

Ramsay Health Care

A proposed expansion of the existing Toronto Private Hospital featuring new operating theatres patient rooms and medical facilities

TradeUnder consideration
$30M
35

Telstra

Telstra is upgrading its mobile network in Lake Macquarie to improve coverage and capacity

CommunicationUnder construction
$25M
36

NBN Co

NBN Co is rolling out FibretothePremises FTTP technology in Lake Macquarie to provide faster and more reliable internet services

CommunicationConfirmed
$50M
37

Lake Macquarie City Council

Lake Macquarie City Council is considering a Smart City initiative to improve communication infrastructure and services in the area

CommunicationUnder consideration
$30M
38

Hunter Valley Agricultural Development Pty Ltd

A largescale agricultural development project in the Hunter Valley region including the construction of new farm infrastructure and the creation of new jobs

Agriculture, Forestry & FishingUnder construction
$50M
39

Lake Macquarie Fish Farm Pty Ltd

A new fish farm development in Lake Macquarie producing a range of fish species for both domestic and international markets

Agriculture, Forestry & FishingConfirmed
$30M
40

Wyee Citrus Farm Pty Ltd

An expansion of the existing Wyee Citrus Farm increasing production capacity and creating new jobs in the region

Agriculture, Forestry & FishingUnder consideration
$25M
41

Healthscope

An expansion of the Lake Macquarie Private Hospital to increase healthcare services

GovernmentUnder construction
$40M
42

Belmont 16ft Sailing Club

A redevelopment of the Belmont 16ft Sailing Club to improve facilities

GovernmentConfirmed
$22M

Li

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Local Services

Very Good

1

Coles

Supermarket

6km
2

Woolworths

Supermarket

6km
3

Bunnings

Shopping Centre

11km
4

Bunnings

Shopping Centre

12km
5

Williamtown Airport

Airport

39km
6

Morisset Hospital

Hospital

10km
7

Belmont Hospital

Hospital

11km
8

Awaba Public School

School

3km
9

Biraban Public School

School

5km
10

Arcadia Vale Public School

School

5km
11

University of Newcastle - Main campus (Callaghan)

University

22km
12

University of Newcastle - Central Coast campus

University

38km

Po

Population Growth

Average Population

SUPPLY vs POPULATION
Under Supply

Projected Population Growth

4.5%

projected

for 2025 to 2027

Average

Su

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Recent New Home Construction

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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