Bellevue Heights has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 13.04% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Bellevue Heights comes in at number 170th in SA.
Situated 11.31km from the CBD, Bellevue Heights is one of Mitcham (C) localities in the postcode 5050.
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Ring Partners principal John Ring, believes Bellevue Heights is one of Adelaide’s best kept secrets and that when it is discovered, prices won’t remain as they are for long.
“It’s definitely undervalued,” he says. “Few suburbs offer the same location, where it is 10km from the CBD, and about 10 mins to the beach. I suspect that into the long term, it will have the kind of capital appreciation you won’t see in many other Adelaide suburbs.”
Ring says that what’s kept the suburb off many people’s radar is its location among the Mt. Lofty ranges. “There’s this perception that if you’re in the hills, you’re very far away. When people discover that this is not the case and that the area is actually a close drive to the CBD, it could take off.”
Best street(s): The cheapest houses are located along Eden Avenue, Alpha Road and Shepherds Hill Road while the more expensive properties cluster along Flinders Road, Federation Ct and Eve Road.