OFF MARKET

2A Francis Street
Belmont VIC 3216

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 808m2
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Property Details for 2a Francis St, Belmont

2a Francis St, Belmont is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 808m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
1965
Land Size
808m2
Local Government
Greater Geelong
Lot/Plan
1/LP145892

Last Listing description (June 2022)

Situated on 809m2 approx of GRZ4 zoned land, this allotment is an opportunity hard to come by. With a great rental return of $580pw across two leases, you can have confidence in the asset's return should you be waiting for planning approvals (STCA) should you choose to explore this option. It is positioned brilliantly with local shopping in Kmart and Coles a short walk away, the ever expanding caf and restaurant district of Belmont's High Street meters away and easy access to the Geelong CBD and the Surf Coast. The home itself offers a self- contained 1 bedroom unit at the rear and a 2 bedroom residence at the front with a large living space and central bathroom. Representing a multifaceted opportunity for investors or developers, the property also offers great potential for anyone looking to renovate and create a family home in an ideal destination.

Key Features:

809m2 (Approx) with GRZ4 zoning
Two leases returning $320pw & $260pw respectively

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Property History for 2a Francis St, Belmont, VIC 3216

A timeline of how this property has performed in the market
Last Sold
$710,000
20 May 2022
Listed for Rent
$320/w
16 Sep 2021
  • 20 May 2022
    Sold for $710,000
  • 24 Mar 2022
    Listed for Sale $695,000-$745,000
  • 27 Aug 2021
    Listed for Rent $320 / week
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About Belmont 3216

The size of Belmont is approximately 9.2 square kilometres. It has 31 parks covering nearly 24.7% of total area. The population of Belmont in 2011 was 13,616 people. By 2016 the population was 14,050 showing a population growth of 3.2% in the area during that time. The predominant age group in Belmont is 20-29 years. Households in Belmont are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Belmont work in a professional occupation. In 2011, 67.2% of the homes in Belmont were owner-occupied compared with 64.5% in 2016.

Belmont has 8,020 properties. Over the last 5 years, Houses in Belmont have seen a 32.69% increase in median value, while Units have seen a 26.51% increase. As at 30 September 2024:

  • The median value for Houses in Belmont is $715,032 while the median value for Units is $483,175.
  • Houses have a median rent of $488 while Units have a median rent of $430.
There are currently 17 properties listed for sale, and 6 properties listed for rent in Belmont on OnTheHouse. According to CoreLogic's data, 353 properties were sold in the past 12 months in Belmont.

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