5 Gill Street, Belmont VIC 3216
5 Gill Street, Belmont VIC 3216
3-bed family house | 628m² block in Belmont | strong school catchment | FTTP and 5G ready | no overlay risk detected
This property sits comfortably in the family-oriented end of Belmont’s detached housing market. A three-bedroom, two-bathroom layout on a 628m² lot gives it genuine flexibility for a growing household, and the 247m² building footprint is generous for the suburb. The zoning to Roslyn Primary and Belmont High makes it particularly relevant for buyers with school-aged children, and the absence of bushfire, flood, or heritage overlays removes the usual layers of due diligence concern. It is best suited to an owner-occupier family wanting a solid, conventional house with room to adapt, rather than an investor chasing high yield or a renovator looking for a discount entry point.
The implied rental return of roughly 3.6% is modest, which may matter if you are weighing long-term holding costs. The property’s value might be shaped more by its land-to-building ratio than by the house itself, since the 39% building coverage leaves some outdoor space but not a surplus for subdivision. Condition and presentation will likely drive how it compares to similar family stock, and the absence of any stated renovation date suggests you should budget for potential updates. The street position, while not specified, could influence light and privacy, so a physical inspection is worth prioritising before forming a firm price view.
|| Comparable Sales: 7 Gill Street, 3-bed 1-bath house sold $650k–$690k guide | Property Price Band: $800k–$900k | Value Drivers: land size, school catchment, building condition
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Gill Street, Belmont VIC 3216
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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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
Comparable Sales: 7 Gill Street, 3-bed 1-bath house sold $650k–$690k guide | Property Price Band: $800k–$900k | Value Drivers: land size, school catchment, building condition
Bedrooms
3
Bathroom
1
Parking
3
Land
807m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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