17 Robb Street, Belmont NSW 2280

3-bedroom two-level home | 715sqm flat block central Belmont | water views from upstairs retreat | walking distance to lake, shops, schools This property presents a rare configuration in central Belmont,a flat 715sqm block with a two-level floorplan that separates living zones vertically rather than horizontally, which is uncommon in this price band. The upstairs retreat with water views functions as a genuine fourth living area or private master suite, giving the house a competitive edge over single-level comparables. For a family seeking proximity to the lake and schools, or an investor targeting the tight rental market near Belmont 16ft and the hospital, the layout and land size offer positioning that most nearby listings cannot match. The 1960s build is structurally sound but will require updating, which means the buyer who can tolerate cosmetic work gains equity through renovation rather than location premium alone. The primary risk is the guide price of $1.2M–$1.3M, which sits above Domain’s estimate of $1.12M and near the top of property.com.au’s range,suggesting the seller may be pricing for the view and the block rather than the house condition. The 2012 purchase price of $368,000 indicates significant land value appreciation, but the current listing may have limited upside without renovation. The opportunity is to negotiate toward the lower end of the band, then invest $50,000–$80,000 in kitchen and bathroom updates to lift rental yield above $750 per week or resale value above $1.35M. Hold this property for medium-term capital growth driven by Belmont’s improving amenity and limited flat land supply.