38 Belmont Street, Inglewood VIC 3517

2-bed house on 779m² | 28% building coverage | bushfire overlay | 100% owner-occupied street | walk to school This property offers a rare combination of generous land size and modest building footprint in a street with zero rental turnover, suggesting strong owner-occupier demand and limited supply risk. The 28% building coverage leaves substantial room for extension, studio, or shedding, which is competitively valuable in a market where larger blocks are increasingly subdivided. The location suits a downsizer, first home buyer, or investor seeking low-maintenance land banking, given the proximity to Inglewood Primary School and reliable NBN. The bushfire overlay is the primary risk, as it may increase insurance costs and limit certain development options without additional compliance. However, the absence of flood or heritage overlays simplifies approvals for future improvements. The 100% owner-occupied street and 64% long-term residents signal a stable, low-turnover neighbourhood, which reduces vacancy risk for an investor but may also mean fewer comparable sales for valuation clarity. The recent sale in December 2025 and quick relisting suggest the seller is motivated, creating potential negotiation room.