227 Belgravia Street, Belmont, WA 6104

227 Belgravia Street, Belmont, WA 6104 Belmont Opportunity: 766m2 Block with Massive Potential!

Welcome to this gorgeous character home in Belmont, a golden opportunity to obtain a massive land holding in the heart of Belmont. With approximately 766 square meters, including a conventional home currently leased out, massive backyard, and modern features throughout, this property has a lot of directions that you could head in. Will you purchase the home for an investment, with a current lease bringing in rental income and tenant looking after the home? Will you make it yours and add in a grand backyard or granny flat? Or will you purchase this property and the next door home as well, combining both sites for an amazing approx. 1,500 meters squared altogether, with a zoning of R20. Don't miss out on this excellent choice!

Property Highlights:

? Three-bedroom, one-bathroom home, built originally in 1965

? Total block size of approximately 766 square metres

? Total built size of approximately 102 square meters

? Brick and tile construction

? Large living area, with split-system air conditioning

? Recently painted interior gives the home a fresh and modern look

? Updated bathroom including bathtub/shower with floor-to-wall tiling

? Ceiling fan to main bedroom, and wall air conditioner to dining area

? Gorgeous jarrah floorboards throughout the home

? Large storage shed (unpowered) for many uses

? Sizeable rear and front yard for your enjoyment

Investor and Development Summary:

? This property is currently tenanted for $550 per week until June 2025

? HouseSmart is active throughout Belmont, with an office near Belmont Forum, and can provide high quality leasing and Property Management services throughout the course of sale and beyond Settlement.

? This property is zoned R20 with the City of Belmont.

? Combined with the adjoining property also for sale, this will allow for a massive approximately 1500m2 development. Development plans have been prepared to subdivide the two properties into 3 or even 4 blocks. Further detail is available upon request. We recommend checking with the city council planning department for confirmation of the development potential.

Location Summary:

? Walking distance (approx. 20 minute walk) to Belmont Forum Shopping Centre

? Walking distance (approx. 5 minute walk) to Belmont City College and Cloverdale Primary School

? Nearby parks and reserves, including Miles Park, Signal Hill Reserve, Faulkner Park and Belmont Recreation Centre

? Bus services available along Alexander Road

Why Buy?

With Belmont growing and developing everywhere you look, this property provides a unique position to capitalise on a property which has a large land base, current investment allowing for ongoing rental growth, and future development plans a feasibility. There is a large land size here, with room to renovate and expand. The home is in a good condition with various updates throughout and modern features benefiting the home.

Don't miss out on this excellent choice - contact our team today!