11 Redrose Avenue, Belmont NSW 2280

11 Redrose Avenue, Belmont NSW 2280
Large 901mยฒ block | Two-bedroom house | Coastal suburb | Subdivision potential This property offers a rare combination of a generous 901mยฒ lot in a coastal suburb where such land size is increasingly uncommon. The configurationโ€”two bedrooms, one bathroomโ€”suggests the existing house is secondary to the land value, making this most suitable for buyers seeking a development or renovation project, or long-term land banking. The lot’s size and Belmont’s R2 zoning create a positional advantage for future subdivision or extension, subject to council approval, which positions this as a strategic acquisition rather than a turnkey home. The primary risk lies in the existing dwelling’s limited appeal as a standalone family home, which may narrow the buyer pool and affect resale liquidity in the short term. However, this same factor also reduces competition from owner-occupiers seeking move-in-ready properties, potentially creating a pricing discount. The large block in a desirable Lake Macquarie location with strong rental demand offers optionality: hold and lease the existing house, or pursue value-add through development. Buyers should verify flood risk and council development guidelines before committing.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 11 Redrose Avenue, Belmont NSW 2280
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Market Insight:

Belmont presents as a well-established lakeside suburb with a diverse and active market. Demand is driven by families seeking larger homes, first home buyers attracted to more affordable apartments, and investors drawn by its consistent long-term growth history. Recent price trends indicate steady performance, supported by a notably low supply of houses on the market, which underpins current conditions. Future growth is anchored in this historical resilience, though the market remains fairly valued and sensitive to broader economic factors like interest rate movements.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

901mยฒ

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