64 Thorburn Street, Bell Park, Vic 3215 - More Details
$750,000 - $800,000
A Solid investment in the Heart of Bell Park.
Two Homes. One Title. Long-Term Tenants. Exceptional Flexibility.
Solid, substantial and built to last, this late-1970s brick home situated upon a 630m2 block, presents a rare opportunity in one of Bell Park's most sought-after pockets - a location where convenience is genuinely pert of everyday life.
Originally designed as a spacious four-bedroom, two-bathroom family home with two living zones, the property has evolved into two separate living arrangements, each offering two bedrooms, a bathroom, kitchen and living area.
Currently occupied by two long-term tenants, both of whom are more than happy to remain, the property offers an attractive opportunity for an investor looking to continue the existing arrangement. There are currently no formal leases in place, and the property has been privately managed by the owners to date.
The home remains on one title and has one water meter, with the added benefit of dual electricity meters and separately metered electricity usage.
The rear residence has been thoughtfully updated over the years, including a new kitchen and wheelchair-accessible bathroom approximately 12-15 years ago.
And when we say this home is solid as a rock, we mean it. The property has been owner-occupied by a builder, with works undertaken correctly and with a practical, quality-focused approach.
A Location That's All About Lifestyle
Let's be honest - it's all about "The Hughes Street. Shops"
This is one of those locations where the neighborhood conveniences become part of your dally routine. Saturday morning walks to "Siketa Meats", grabbing something fresh from "Weiss Bakery", or simply enjoying the growing collection of local businesses around this little shopping strip - it is a genuine community hub and the heart of this part of Bell Park
And importantly, it's all within easy walking distance from your front door.
Families will appreciate the proximity to Kardinia International College, Kardinia Early Learning Center, local churches, medical services and the food and shopping options along Separation Street.
For commuters, there's also easy access to the Geelong CBD and Ring Road, making this a highly connected location for both work and lifestyle.
The Property:
Solid late-1970s brick construction
Originally configured as a 4-bedroom, 2-bathroom family home
Two distinct living zones
Currently arranged as two 2-bedroom living areas
Each living arrangement includes its own kitchen, bathroom and living space
One title
One water meter
Dual electricity meters with separately metered electricity
Rear kitchen and wheelchair-accessible bathroom updated approximately 12-15 years ago
Two long-term tenants, currently without formal leases
Both tenants keen to remain
Privately managed by the owners to date
Double zinc garage
Three-car carport
Owner-owned and maintained by a builder, with works completed correctly
Excellent opportunity to continue the existing arrangement as an investment
Invest Today. Explore Tomorrow.
For the astute purchaser, there are several ways to approach this property.
Continue as is and retain the existing dual-living arrangement with two happy, long-term occupants.
Renovate and reconfigure the existing home to create a residence that better suits your own needs, with the potential to extend or incorporate a granny-flat-style arrangement, subject to the necessary approvals. current rent as 1 x house $500-$550 PW
Or, for those looking further into the future, investigate the potential to demolish and redevelop the site, potentially creating two townhouses (STCA).
Of course, any future development, extension, dwelling configuration or redevelopment would be subject to council requirements, planning controls and the necessary approvals.
For now, however, there is plenty to like about what is already here - a substantial brick home, two established living arrangements, long-term tenants, excellent vehicle accommodation and a location that continues to prove its appeal.
This is not about chasing the latest renovation. It's about recognizing the value in a solid, established property with flexibility, income potential and a genuinely sought-after Bell Park address.
Solid as a rock, practical by design, brilliantly located and already providing two households with a place to call home - this is an investment with a difference.
- Type
- House
- Bedrooms
- 4
- Bathrooms
- 2
- Parkings
- 5
- Area
- 630 mΒ²
