Belair Property Listing Puts Two Titles on the Market

Last updated: October 28, 2026

A Belair property listing has brought two homes on two separate titles to the market for the first time in 84 years, according to realestate.com.au. The holding at 26 and 26A James Road has belonged to one family since the 1930s.

The upper house offers four bedrooms and broad views, while the second residence could be retained or demolished to make way for a new build. That gives buyers several ways to use the same site.

• The property includes two homes on two separate titles.
• One family has owned the holding since the 1930s.
• The upper residence has four bedrooms, two with ensuites.
• The homes offer 325 square metres of combined indoor and outdoor living space.
• The second home has redevelopment potential.

Two homes create more than one use case

The upper house was built by the vendor’s grandfather with help from friends. It occupies the higher side of the property and includes a cellar, light-filled living areas and views across the district.

Claire said the outlook extends from Brownhill Creek to the city, the beach and the airport. That setting may matter to buyers looking for a distinctive Belair home with space for visitors or extended family.

The second house was constructed in the 1960s for the family’s children. It has since been renovated and could support another generation of the family. Instead, the vendor said it was time to sell because the holding had become large and difficult to maintain.

That decision gives the listing unusual depth. One buyer may want to operate both houses. Another may want to preserve the upper residence while planning a replacement build on the second title. A third may simply value the completed accommodation and leave the separate home alone.

The legal and practical separation of the titles is central to those choices. Buyers should not assume the houses function as one conventional property. They need to understand how the titles, access and any future works interact before committing.

Why this listing stands apart

Long family ownership creates a clear point of difference. According to realestate.com.au, this is the first time the property has been offered in 84 years. It also arrives as another nearby home with a long history has sold at auction: the 1925-built house at 53 Harrison Road in Devon Park fetched $1.361 million.

The comparison is useful, but it is not a direct valuation guide. One property has two residences, two titles and redevelopment potential. The other was a single house bought by neighbours of its 92-year-old owner.

For property investors, the key question is which operating model produces the better return. A buyer interested in rental income would need to test the second dwelling against vacancy, maintenance and management costs. A buyer considering redevelopment would need to weigh approval timelines, construction costs and the effect of works on use of the upper house.

For owner-occupiers, the economics are different. The attraction may be multigenerational living, privacy between households or the ability to develop later without moving. That flexibility is worth paying for only if the total holding cost remains sensible.

A practical buyer checklist

Say you are comparing this Belair property listing with a conventional four-bedroom home. Do not compare the upper residence with the four-bedroom house and stop there. Model the holding in three parts: the completed upper house, the second home and the land available for redevelopment.

Start with the uses you actually need. If both households will live on site, test whether the existing floor plans provide enough privacy and amenity. If one house is intended to generate income, check the likely rent, ongoing costs and realistic vacancy assumptions. If redevelopment is the priority, establish the likely approval process and construction timetable before relying on the project in your purchase decision.

Then inspect the technical issues. Review the current condition of both buildings, renovation work, services, access and compliance records. Confirm how the separate titles can be used, financed and altered. A sloping site with two homes may also carry different maintenance and access requirements from a single-title property.

Finally, compare the price with the cost of buying each component separately. Two completed houses may justify a different valuation from an upper home plus a development site. The value sits in the buyer’s chosen use, not simply in the number of bedrooms or the word “potential”.

What to watch next

The decisive test is whether buyers pay for optionality without overvaluing it. A purchaser who can use the upper house immediately and has a credible plan for the second title may benefit from the arrangement more than a buyer relying on redevelopment alone.

The result will also show how the market values a multigenerational property with separate ownership boundaries. That is a more useful signal for real estate investors than the listing’s family history.

After 84 years, the family is releasing a property with several possible futures. The next owner will need to choose one and make the numbers work.

Key takeaways

• Two titles and two homes give the listing several operating and redevelopment pathways.
• Buyers should value the upper residence, second dwelling and future development separately.
• Scarcity creates interest, but current inspections and title due diligence remain essential.