43 Bellett Street Camberwell - James Home Ratings

James Home Rating: 601
Inspected: 3/9/2025

Position

• Street: Bellet Street is one of the quieter pockets of Camberwell — not a lot of through traffic, which adds appeal.
• Local Feel: Strong residential character, good family positioning, close enough to schools and amenities.

Land

• Size: Large, flat, and wide block (exact sqm not stated).
• Orientation: Not specified, but proportions give it scope for a future quality build.
• Potential: Suited for a substantial new home ($1.5M+ build could make sense on this site).

Property

• Type: Modest, livable home — more an entry-level or interim property.
• Condition: A “hodgepodge” in style; not something most would undertake to renovate extensively.
• Rental Potential: Around $1,000 per week, making it viable as a holding investment until redevelopment.
• Suitability: Works as an entry point into Camberwell with land banking upside.

Buyer Fit

• Entry-Level Buyers: Those wanting to get into Camberwell at a lower price point.
• Investors: Can rent comfortably while holding for future plans.
• Builders/Developers: The real value is in the block — prime for a knockdown and rebuild.

Market & Value

• Quote: Circa $3M.
• Context: Reasonable for land in this street. Renovation is less appealing; the opportunity is to clear and start fresh.
• Summary: Flat, wide block in a good location. Current house is serviceable for rental or short-term occupation, but the long-term play is new build.