Rare Corner Location - 1515 Square Metres of R20 Land, with Dual Rental Income Stream!
Seize this rare opportunity to secure two adjacent properties in Belmont, boasting a combined land area of approximately 1,515m² and R20 zoning. These character homes, currently tenanted, offer a dual stream of rental income with potential for subdivision into 3 lots (STCA). Positioned near Belmont Forum, schools, parks, and transport, they present an ideal canvas for development, investment, or multi-generational living. Act now to unlock their enormous potential and secure your slice of Belmont’s growing landscape.
Property Highlights:
227 Belgravia Street, Belmont - Lot 1 (766m²)
- Three-bedroom, one-bathroom home (102m² built area).
- Brick and tile construction with jarrah floorboards.
- Updated bathroom and modern interior features.
- Large living area with split-system air conditioning.
- Spacious backyard and storage shed.
- Leased for $550 per week until June 2025
322 Alexander Road, Belmont - Lot 2 (749m²)
- Two-bedroom, one-bathroom home (94m² built area).
- Brick and tile construction with spacious living/dining areas.
- Mirrored built-in robes in the main bedroom.
- Drive-through access and large storage shed.
- Leased for $410 per week until October 2025.
Location Summary:
- Approx. 20-minute walk to Belmont Forum Shopping Centre.
- Proximity to Belmont City College and Cloverdale Primary School (5-minute walk).
- Surrounded by parks including Miles Park, Signal Hill Reserve, and Faulkner Park.
- Convenient bus services along Alexander Road.
- Brilliant corner location, rare!
Development/Subdivision Potential:
- Combined land size of approx. 1,515m² zoned R20.
- Development plans prepared for 3 lot subdivision (STCA).
- Corner lot (Lot 2) may qualify for R30 coding, enabling further subdivision potential.
- Ideal for multi-unit development or dual occupancy.
- Check with the City of Belmont for detailed planning guidance.
Leasing/Investment Highlights
- Combined rental income of $960 per week with long-term leases in place.
- Low-maintenance brick and tile homes with modern features.
- High-demand location with strong rental returns.
- HouseSmart offers comprehensive property management services for seamless ownership.
Don’t miss this unique chance to develop, invest, or create your dream multi-home estate. Contact us today!
Property features
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Garages
2
Property snapshot by reiwa.com
This Belmont property is a five bedroom, two bathroom house sold by Adam Bettison at HouseSmart Real Estate Pty Ltd on 19 Feb 2026.
Looking to buy a similar property in the area? View other five bedroom properties for sale in Belmont or see other recently sold properties in Belmont.
Belmont overview
Belmont is a mixed-use suburb that spans five square kilometres and is located six kilometres east of Perth. Established in 1831, significant growth didn't occur until the 1950s and 1960s and more recently a population increase was experienced between 1991 and 2006, and more significantly still between 2006 and 2011.
Life in Belmont
A suburban lifestyle with local commercial facilities and a major city centre close by means that Belmont residents enjoy the best of both worlds. The Belmont City Centre is a thriving local retail and entertainment sector that includes the Belmont Forum Shopping Centre, restaurants, a tavern and a cinema. Close by is the Belmont Leisure Centre which is a recreational facility with pools, a gym and plenty of sporting options. There are a number of parks and bushland in Belmont, as well as two local schools.
Belmont quick stats
High end
$905k
Median
$808k
Low end
$700k
15.4%
Annual growth
$808k
Annual median sales price
$700pw
Annual median rental price
