298 High Street, Belmont VIC 3216
298 High Street, Belmont VIC 3216
A 3-bedroom, 1-bathroom single-level detached house on 396m² with a single garage. The building footprint is approximately 149m², and the land coverage sits at 38%. No overlays for bushfire, flood, or heritage are present, and the property benefits from FTTN NBN and 5G mobile coverage.
This property occupies a standard-to-modest lot within a mature residential street where larger blocks are more common, which positions it as an accessible entry point into the suburb rather than a premium holding. The configuration—three bedrooms, one bathroom, single car space—is typical of older Belmont stock and serves first-home buyers, small families, or investors seeking lower-maintenance exposure to the area. The lack of heritage or environmental overlays reduces holding risk, and the school catchment for Wangala Primary and Belmont High adds practical appeal for family buyers. The property’s strength lies in its straightforward, low-risk profile rather than any standout feature.
The significant gap between the recent sale price and current market estimates suggests a buyer should examine whether the property has been improved or if market conditions have shifted materially. The smaller lot compared to neighbors may limit future extension potential, which could affect resale appeal for buyers seeking to add value. The single bathroom is a constraint for family buyers, and the older construction era may involve maintenance considerations not immediately visible. These factors might influence how the property is priced relative to similar offerings in the street.
Detailed Independent Property Report prepared by PropCred Analyst team for 298 High Street, Belmont VIC 3216
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Belmont presents as a stable, family-oriented suburb with a high rate of owner-occupancy, underpinned by a professional demographic. Demand is driven by these established households, with the unit segment showing notably stronger recent performance. Overall house price growth has been modest, with the market demonstrating steady turnover. Future prospects are supported by consistent sales activity and solid rental demand, though broader affordability pressures and interest rate sensitivity present ongoing constraints to stronger capital growth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
-
Land
396m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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