420 Wollombi Rd, Bellbird is a 3 bedroom, 1 bathroom House. The property has a land size of 800m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Located on the main tourist route from Wollombi to Cessnock, and home to one of the regions fastest growing suburbs with over 4000 new residential lots in the pipeline in Bellbird and a further 200 in Millfield.A freehold investment opportunity comprising a commercial space of approximately 150m2 and an adjoining comfortable 3 bedroom home upgraded with an approved firewall between the two properties to facilitate separate tenancy. Situated on a 771m2 corner block in the commercial hub of Bellbird, adjacent the Butchers, Workers Club and Bottleshop the property has great exposure and parking. Previously a takeaway food shop, the zoning B1 allows Neighbourhood shop/supermarket, Health Consulting Rooms, Medical Centres and Community Facilities to name a few (subject to CCC approval).Suitable for the Investor, with the opportunity to command approximately $32,500 per annum for the commercial space plus outgoings, the home is currently on a week to week rent or suitable for an owner operator with the ability to live on site.
The size of Bellbird is approximately 7.6 square kilometres. It has 4 parks covering nearly 2.1% of total area. The population of Bellbird in 2011 was 2,066 people. By 2016 the population was 2,036 showing a population decline of 1.5% in the area during that time. The predominant age group in Bellbird is 0-9 years. Households in Bellbird are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bellbird work in a trades occupation. In 2011, 73.6% of the homes in Bellbird were owner-occupied compared with 71.6% in 2016.
Bellbird has 1,737 properties. Over the last 5 years, Houses in Bellbird have seen a 91.18% increase in median value, while Units have seen a 65.13% increase. As at 31 October 2024:
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