A waterfront property in Belmont South, listed for the first time, is aiming to set a new price record in the Lake Macquarie suburb. The four-bedroom house at 1 New Street, marketed by Neil Fry of Belle Property, has a price guide of $2.45 million to $2.65 million.
Situated on a 513-square-metre corner block, the home is designed to maximize its northern orientation, capturing winter sun and nor'easter breezes. The two-storey floor plan includes wide balconies on each level with uninterrupted views across Village Bay.
Upstairs features four oversized bedrooms, including a 44-square-metre master suite with ensuite, walk-in robe, and balcony access. The ground floor comprises an expansive open-plan living, dining, and kitchen area, a third bathroom, and a study that could serve as a bedroom. The property also includes a triple-car garage and secure driveway space.
The current suburb record was set in July 2025 at $2.45 million for a three-bedroom new build at 5 New Street, just two doors away. That property occupies 442 square metres across a single level. The previous record, held since March 2024, was $1.47 million for a three-bedroom house at 4 Paley Crescent.
According to Cotality data, the median house value in Belmont South is $992,000. House values have increased 2.9 per cent over the past year and have nearly doubled since 2021, with a 45.8 per cent surge.
