FOR SALE
EOI MID $1Ms

29 Wells Street
Bellevue WA 6056

Bedrooms: 8
Bathrooms: 4
Car spaces: -
Land area: 1222m2
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WHOPPORTUNITY!

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.

Property Details for 29 Wells St, Bellevue

29 Wells St, Bellevue is a 8 bedroom, 4 bathroom House. The property has a land size of 1222m2. The place is currently for sale with LJ Hooker Kalamunda | Foothills.

Building Type
House
Land Size
1222m2

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About Bellevue 6056

The size of Bellevue is approximately 3 square kilometres. It has 11 parks covering nearly 25% of total area. The population of Bellevue in 2011 was 1,451 people. By 2016 the population was 1,552 showing a population growth of 7.0% in the area during that time. The predominant age group in Bellevue is 50-59 years. Households in Bellevue are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bellevue work in a trades occupation. In 2011, 75% of the homes in Bellevue were owner-occupied compared with 72.4% in 2016.

Bellevue has 1,181 properties. Over the last 5 years, Houses in Bellevue have seen a 102.74% increase in median value, while Units have seen a 150.97% increase. As at 30 September 2024:

  • The median value for Houses in Bellevue is $646,969 while the median value for Units is $579,679.
  • Houses have a median rent of $400 while Units have a median rent of $375.
There are currently 11 properties listed for sale, and 1 property listed for rent in Bellevue on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Bellevue.

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Grant Winning
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LJ Hooker Kalamunda | Foothills
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