Developers will jump at this exceptionally rare opportunity to reap the capital growth prospects of this property spanning 820sqm approx. in the prized Balwyn High zone. Enhanced by council approved plans and permit completed and available with the sale - for the construction of five stylish new townhouses. Alternatively the existing dwelling could be renovated, potential dual occupancy development or a luxurious new home site if desired (STCA).
The current Art Deco brick residence c1938 presents in comfortable condition throughout and could be occupied or rented on a temporary basis whilst a decision on its future is made. The interior features dark stained woodwork, etched and leadlight glass and ceiling roses. With a hallway opening to a study, sitting and dining room, four zoned bedrooms, period-style bathroom, informal living and timber kitchen equipped with Smeg/Asko appliances and adjacent laundry; opening to an expansive covered alfresco entertaining area. Other features include a lock-up garage, storeroom and off-street parking for multiple cars.
Perfectly situated just a few moments walking distance of North Balwyn Village shops and cafes, North Balwyn Primary, St Bede's or Merrell Kindergarten. Enhanced by its proximity to Yarra parklands and public transport options, including Doncaster Road trams, providing easy access to an array of Melbourne's finest schools and the CBD via the Eastern Freeway - underpinning this highly desirable location. Due Diligence Checklist