5 Hill Street, Belmont VIC 3216

3-bed potential | 628sqm flat block | Belmont High zone | auction 16 May This property’s strongest buying case is its rare combination of a 628sqm flat block with a 247sqm building footprint in a sought-after school zone, offering immediate space and future reconfiguration optionality. The 3-4 bedroom count and dual bathrooms suit families or downsizers seeking single-level living near Roslyn Primary and Belmont High, with FTTP and 5G supporting remote work. Its 39% site coverage leaves room for extension or subdivision, and the auction format suggests motivated selling, which can favour a prepared buyer. The main risk is the price guide sitting above the estimated $822,000-$840,000 value, meaning a buyer may pay a premium for location and land. The 2013 last sale and short market time of five days indicate limited recent transaction evidence, so due diligence on comparable sales is essential. Rental yield at $510-$620 per week is modest relative to the asking range, but the 75% owner-occupied street and low current supply reduce holding risk. Hold for land value growth or consider a future dual-occupancy development if council permits.