10 Clarke Avenue, Belmont VIC 3216
10 Clarke Avenue, Belmont VIC 3216
2-bed ground unit | Built 2009 | Flood overlay flagged | Strong rental demand | Quiet Belmont pocket
This property competes well in Belmont’s lower-maintenance segment. Its compact, modern configuration suits first-home buyers, downsizers, and investors seeking dependable rental appeal. The 2009 build means contemporary finishes and efficient layouts, which typically outperform older stock in this price range. Its position on Clarke Avenue offers quiet, established streetscape while remaining close to schools, shops, and Geelong’s activity corridors—a combination that broadens buyer interest and supports resale depth.
The flood overlay on nearby records may affect insurance costs and lending appetite, though it does not necessarily diminish liveability. Its 286 m² lot is functional rather than generous, so outdoor space and parking will be modest. Price may vary meaningfully with internal condition, presentation, and any upgrades since construction. Buyers should weigh the trade-off between a lower entry point and the constraints of a smaller footprint compared to detached Belmont houses.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Clarke Avenue, Belmont VIC 3216
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Belmont, in Greater Geelong, is a family-oriented market with high owner-occupancy at 62.8%. Demand is led by professional couples with children, reflecting stable household formation. House prices sit around $700,000, with annual growth between 0.4% and 2.4% and a recent quarterly fall of -1.1%. Units are the outperformer, up 8.57% over the year to a $570,000 median, supported by gross yields reaching 4.49%. Sales volumes remain steady at roughly 300 houses annually, with units adding another 109 transactions. Future growth is tied to units’ relative affordability and rental appeal, though house price stagnation and sensitivity to interest rates are key constraints.
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PropCred Estimated Value
Comparable Sales: 3/21 Clarke Ave sold $515K; 1/25 Clarke Ave estimated $650K | Property Price Band: $550K–$650K | Value Drivers: condition, modern finishes, parking, outdoor space
Bedrooms
4
Bathroom
2
Parking
2
Land
650m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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