Welcome 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!