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Brilliant Balwyn High Zone Development Opportunity

All the hard work has been done with plans and permits approved to council for the redevelopment of this exceptional property, with the construction of two new townhouses. Boasting an outstanding family location in the coveted Balwyn High zone, complemented by several sought-after lifestyle benefits including nearby Minifie Reserve, Boroondara Sports Complex and parklands; close to Balwyn Plaza, Whitehorse Road or Westfield Doncaster shopping and walking distance to Greythorn Primary school, Balwyn East kindergarten and transport - plus quick Eastern Freeway/CBD access.

This generous elevated garden allotment of 893sqm approx. is ideal for new townhouses and promises excellent capital gains prospects in one of Melbourne's most sought-after residential precincts The site is currently occupied by brick family home built in the late 1940s which has an interior offering family warmth from another time comprising wide entrance hall, spacious living room (OFP) and adjacent dining room, three bedrooms, period-style bathroom, modern kitchen/meals with Lofra stainless steel stove, laundry plus a covered outdoor dining area, terrace and an external bungalow. Other features include period attributes, ducted heating, air-conditioners, 5,500ltr water tank+sprinklers, double garage+shed/workshop. Alternatively there is potential to renovate and extend the home if preferred (STCA). Buyers should note it presents in excellent order throughout and could be comfortably occupied or leased while a decision on its future is made.

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Appraisal Type

Welcome to Balwyn 3103

  • Median House Price

    $2,993,333

  • 3 Bedrooms

    $2,494,666

  • 4 Bedrooms

    $2,885,334

  • 5 Bedrooms+

    $4,015,500

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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