26 Belfast Street Newtown VIC 3220

Californian bungalow on 712sqm | soaring ceilings and leadlight character | zoned for Chilwell Primary | strong rental yield potential. This property offers a rare combination of period character and land size in a tightly held suburb. The 1935 bungalow with high ceilings and timber floors provides a configuration edge over newer builds, while the 712sqm parcel positions the buyer for future subdivision or extension potential. It serves best for families seeking a long-term hold with school catchment advantage, or for investors targeting a dual-income scenario from the existing dwelling plus a future second dwelling. The primary risk is the price point relative to recent purchase history, which may limit short-term capital growth. The buyer pays for the land bank rather than the house condition, meaning renovation spend must be disciplined. Commercially, the opportunity lies in holding for land appreciation or developing the rear lot. The property should be held for a minimum five-year cycle to realise the land value uplift.