38 Relowe Crescent Balwyn

Impressively set within an outstanding 1,213sqm approx northwest allotment, this substantial property, currently occupied by two period residences and with plans and permits for three new luxury residences, offers a myriad of significant investment, development or rebuilding opportunities (STCA).

All oriented to maximize northern light, the three new residences would each be lavishly appointed with 4 bedrooms including downstairs mains with en-suites, premium kitchens, generous north-facing living/dining rooms and courtyards and double garages.

Alternatively its desirable location near East Balwyn Village, schools and parks suggests the possibility of building a new luxury home to your own tastes and requirements.

Currently, the two existing residences comprising a 4 bedroom home at the front and 2 bedroom residence behind, are perfect to move in, renovate or as an addition to an astute investment portfolio.

A rewarding proposition whichever path is taken.