A Rare 1,050m² Opportunity with Exceptional Future Potential

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4 Milton Street, Bell Park VIC 3215

$850,000 - $920,000

Search Band Search Visibility Band

$850k - $900k High Confidence Calculated based on strong search observations.

House 4 Beds 1 Bath 2 Cars 1050 m²

Listed: 23 days ago

Overview

Situated on a rare and substantial 1,050 square metre allotment in Bell Park, this property offers a valuable opportunity for a variety of buyers including developers, renovators, and investors. The existing brick home provides a solid base with four bedrooms and a single bathroom, showcasing a property comfortable to live in but with potential for significant modernization and value addition.

This expansive parcel of land is ideal for those seeking more space and future growth options. Developers will be attracted by the prospect of subdivision or redevelopment, subject to council approvals, given the large block size and prime location. Renovators and investors can capitalize on the existing home's foundations, making enhancements while owning a generous landholding within a well-established residential area.

The property's appeal is further enhanced by its location close to essential amenities and services, including local shopping precincts on Milton and Hughes Streets, public transport links, and reputable schools such as Kardinia International College and North Geelong Secondary College. Easy access to the Geelong Ring Road facilitates convenient commuting to the Geelong CBD and waterfront precincts, making this an excellent choice for a broad range of lifestyles.

Overall, 4 Milton Street offers a compelling blend of space, location, and future potential, suited to buyers with vision who are looking to create value through renovation, development, or long-term investment.

Local Market Insights

In Bell Park, Quiet Listings observed 32 new houses entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $798,406. The property type mix of listed properties is predominantly Houses at 67%, followed by units (10%), and land (8%). The most active agency for houses in the Bell Park area is currently McGrath Estate Agents, representing 31% of new listings, followed by Harcourts with 22%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.