Belmont at a glance
7,941
People
$977,500
Median sale
$682/wk
Median rent
3.63%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
WA › Belmont › Alexander Rd
$600,000
Last sold
24 Feb 2025
2
Bedrooms
1
Bathrooms
3
Car spaces
749 m²
Land
94 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$600,000
24 Feb 2025 · derived via latest_sale
Local land rate: recorded House sales in Belmont (last 5 years) with land size have a median of $1,293/m² of land (n=78). Districts calculation from recorded sales — not a valuation.
Belmont at a glance
7,941
People
$977,500
Median sale
$682/wk
Median rent
3.63%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Vs Belmont
-38.6%
Median sale
Suburb $977,500
+2.28 pp
Gross yield
Suburb 3.63%
Suburb median $977,500 from 36 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 749 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $682/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 749 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Belmont at a glance
7,941
People
$977,500
Median sale
$682/wk
Median rent
3.63%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by HouseSmart Real EstateWelcome to this gorgeous character home in Belmont, a golden opportunity to obtain a massive land holding in the heart of Belmont. With approximately 749 square meters, including a conventional home currently leased out, massive backyard, and fenced front yard, 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 renovate the interior? 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:
• Two-bedroom, one-bathroom home, built originally in 1965
• Total block size of approximately 749 square metres
• Total built size of approximately 94 square meters
• Brick and tile construction
• Large living area, dining and kitchen to the front of the home
• Mirrored built in robes to main bedroom for plenty of storage
• Ceiling fan to main bedroom, and wall air conditioner to dining area
• Drive-through access with large gate and concrete driveway
• Large storage shed for many uses
• Sizeable rear and front yard for your enjoyment
Investor and Development Summary:
• This property is currently tenanted for $410 per week until October 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, as it is a corner lot it could potentially be coded up to R30 which would allow for a maximum 2 lot subdivision.
• 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 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 reasonable condition and would benefit from any changes you make, providing a positive outlook for this property's future growth.
Don't miss out on this excellent choice - contact our team today!
Listing description written by Adam Bettison, HouseSmart Real Estate — reproduced as published, not verified by Districts.