SOLD
Sold on 18 Mar 2024 for $1,680,000

3 Ross Street
Belmont NSW 2280

Bedrooms: 10
Bathrooms: 5
Car spaces: 5
Land area: 669m2
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Property Details for 3 Ross St, Belmont

3 Ross St, Belmont is a 10 bedroom, 5 bathroom House with 5 parking spaces and was built in 1941. The property has a land size of 669m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 10 bedroom House sold in Belmont in the last 12 months.

Building Type
House
Year Built
1941
Land Size
669m2
Local Government
Lake Macquarie
Lot/Plan
2/B/DP9711

Last Listing description (March 2024)

Secure a prosperous future with this outstanding investment nestled in a premium location. Directly opposite the beautiful Lake Macquarie foreshore and a few minutes stroll into town, this solid low-set brick complex boasts five x two-bedroom units generating an impressive rental income. Consolidated under one title, the property spans a 662sqm block with R3 Medium Density Residential zoning, laying the foundation for a myriad of possibilities. With steadfast tenants already in place, embracing this opportunity guarantees a fruitful addition to your investment portfolio. Consider embracing the status quo or seize the chance to increase its value through renovations that could boost the rental income. Alternatively, explore the potential for individual strata title subdivision or even future redevelopment, all contingent upon council approval. The future is rife with potential, and this investment gem is your gateway to a lucrative and secure tomorrow.

- Tightly held investment of 25years
- Each unit boasts living area, two bedrooms, electric kitchen and a bathroom

- Carport allocated to each unit, two accessed via rear of block
- Shared laundry facilities
- 800m to Belmont Citi shops and eateries
- 7 minute drive to Blacksmiths Beach and Belmont Golf Club
- 18km/30mins to Newcastle, 115km/85mins to outskirts of Sydney

Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

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Property History for 3 Ross St, Belmont, NSW 2280

A timeline of how this property has performed in the market
Last Sold
$1,680,000
18 Mar 2024
Listed for Rent
$220/w
10 Sep 2013
  • 18 Mar 2024
    Sold for $1,680,000
  • 03 Aug 2023
    Listed for Sale Not Disclosed
  • 05 Sep 2013
    Listed for Rent $220 / week
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About Belmont 2280

The size of Belmont is approximately 10.4 square kilometres. It has 11 parks covering nearly 3.8% of total area. The population of Belmont in 2011 was 6,419 people. By 2016 the population was 7,123 showing a population growth of 11.0% in the area during that time. The predominant age group in Belmont is 50-59 years. Households in Belmont are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belmont work in a professional occupation. In 2011, 65.2% of the homes in Belmont were owner-occupied compared with 66.1% in 2016.

Belmont has 4,090 properties. Over the last 5 years, Houses in Belmont have seen a 67.57% increase in median value, while Units have seen a 35.17% increase. As at 30 September 2024:

  • The median value for Houses in Belmont is $885,223 while the median value for Units is $606,652.
  • Houses have a median rent of $595 while Units have a median rent of $465.
There are currently 44 properties listed for sale, and 12 properties listed for rent in Belmont on OnTheHouse. According to CoreLogic's data, 150 properties were sold in the past 12 months in Belmont.

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