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Nest or Invest – No Heritage Overlay, Renovate, Rebuild or Redevelop (STCA)

Positioned at the cusp of the vibrant Stradbroke Village precinct and just moments from the renowned Boccaccio Supermarket, this distinguished double-brick residence immediately impresses with its soaring gables and timeless period character.

Set on approximately 697sqm in a highly sought-after pocket bordering prestigious Kew, the home offers an exceptional opportunity for families, investors, and developers alike. Beyond its elegant façade, the interior reveals beautifully preserved decorative ceilings and a charming open fireplace, creating a warm and refined atmosphere in the formal lounge and adjoining dining room.

Thoughtfully designed for modern family living, the floorplan provides both connection and separation. A generously proportioned kitchen, appointed with quality Omega and Bosch stainless steel appliances, flows seamlessly into a light-filled meals and living area. From here, step out to a sun-drenched deck overlooking a substantial backyard ideal for entertaining, relaxation, or future enhancement.

Accommodation comprises four well-sized bedrooms and two bathrooms, complemented by ducted heating, split-system air conditioning, a secure garage, and ample off-street parking.

While entirely comfortable as a move in ready home, the property’s true appeal lies in its significant future potential. With no heritage overlay and a General Residential Zone (GRZ5) designation, it presents outstanding scope to renovate and extend, create a bespoke luxury residence, or pursue a townhouse redevelopment (STCA).

Currently tenanted until October 2026, it also offers immediate investment security with long-term upside.

Superbly located within walking distance of Deepdene Primary School, Our Lady of Good Counsel School, city-bound buses, and the 109 tram providing easy access to Melbourne’s leading private schools, this is a rare opportunity to secure a versatile and high-potential property in an elite and tightly held locale.

1020 Burke Road, Balwyn, 3103
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Welcome to Balwyn 3103

  • Median House Price

    $2,882,133

  • 2 Bedrooms

    $2,130,133

  • 3 Bedrooms

    $2,466,667

  • 4 Bedrooms

    $2,822,667

  • 5 Bedrooms+

    $3,925,833

Balwyn, located about 10 kilometres east of Melbourne's CBD, is a suburb within the City of Boroondara known for its picturesque streets, grand Edwardian and Georgian homes, and high-quality lifestyle.

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