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Once in a lifetime opportunity to secure this exceptionally large landholding of approximately 1,289sqm set on top of the hill with expansive city views. Unusually wide block of 24.38m providing the new owners with a multitude of options. The value and investment potential of this rare opportunity is underpinned by an outstanding family location in the prized Balwyn High Zone. Walk to Greythorn Primary, Balwyn East kindergarten, the Balwyn East shopping centre, Greythorn Park, Boroondara Sports complex and numerous public transport options. Easy access to Eastern Freeway and Westfield Doncaster.

Currently the property carries two dwellings providing the new owner with a myriad of options for the future of this site. Potentially, the new owner could develop the block into multiple town houses or a luxurious new family residence, all capturing city views from the ground level and offering the opportunity of potential views to the Dandenongs from a second storey extension (STCA). Alternatively occupy the front home whilst leasing the rear one or using it for additional family accommodation for parents or young home leavers.

The front home is flooded with natural light. It was architect designed in the 1950s and is a perfect example of the post modern architecture from this time. The home is surrounded by lush low maintenance terraced gardens, and is graced by a sparkling salt water inground pool. It features polished timber floors, combined sitting and dining room, lower-level informal family room, large master bedroom with parents retreat, together with three additional bedrooms all with BIRs, two newly renovated bathrooms, large laundry and a modern well equipped timber kitchen. The kitchen opens out to a large covered outdoor entertaining area with a storeroom and extra WC. Other features include hydronic heating, OFP (sitting room), air conditioning throughout, solar panels, water tanks and double carport.

The rear dwelling is a one bedroom villa unit with living/dining, modern well-equipped timber kitchen with adjacent laundry leading to a private courtyard garden with room for outdoor entertaining. Also includes ducted heating, air conditioning and off street parking. Buyers should note both the homes present in excellent order throughout and could be comfortably occupied or leased while a decision on its future is made.

Land size: 1,289sqm approx.

Private Inspections are now available, please contact the Agent to arrange an appointment.
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Director, Auctioneer
James Tostevin
Sales Executive
Scarlett Hang
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    Outstanding Balwyn High Zone Investment Opportunity (No Single Dwelling Covenant)
    Outstanding Balwyn High Zone Investment Opportunity (No Single Dwelling Covenant)
    Once in a lifetime opportunity to secure this exceptionally large landholding of approximately 1,289sqm set on top of the hill with expansive city views. Unusually wide block of 24.38m providing the new owners with a multitude of options. The value and investment potential of this rare opportunity is underpinned by an outstanding family location in the prized Balwyn High Zone. Walk to Greythorn Primary, Balwyn East kindergarten, the Balwyn East shopping centre, Greythorn Park, Boroondara Sports complex and numerous public transport options. Easy access to Eastern Freeway and Westfield Doncaster.

    Currently the property carries two dwellings providing the new owner with a myriad of options for the future of this site. Potentially, the new owner could develop the block into multiple town houses or a luxurious new family residence, all capturing city views from the ground level and offering the opportunity of potential views to the Dandenongs from a second storey extension (STCA). Alternatively occupy the front home whilst leasing the rear one or using it for additional family accommodation for parents or young home leavers.

    The front home is flooded with natural light. It was architect designed in the 1950s and is a perfect example of the post modern architecture from this time. The home is surrounded by lush low maintenance terraced gardens, and is graced by a sparkling salt water inground pool. It features polished timber floors, combined sitting and dining room, lower-level informal family room, large master bedroom with parents retreat, together with three additional bedrooms all with BIRs, two newly renovated bathrooms, large laundry and a modern well equipped timber kitchen. The kitchen opens out to a large covered outdoor entertaining area with a storeroom and extra WC. Other features include hydronic heating, OFP (sitting room), air conditioning throughout, solar panels, water tanks and double carport.

    The rear dwelling is a one bedroom villa unit with living/dining, modern well-equipped timber kitchen with adjacent laundry leading to a private courtyard garden with room for outdoor entertaining. Also includes ducted heating, air conditioning and off street parking. Buyers should note both the homes present in excellent order throughout and could be comfortably occupied or leased while a decision on its future is made.

    Land size: 1,289sqm approx.

    Private Inspections are now available, please contact the Agent to arrange an appointment. Due Diligence Checklist
    Outstanding Balwyn High Zone Investment Opportunity (No Single Dwelling Covenant)
    Balwyn North
    Median residential price
    $2,060,000
    2 bedroom
    $785,000
    3 bedroom
    $1,841,500
    4 bedroom
    $2,140,000
    Similar suburb median prices
    2 bedroom
    $770,000
    3 bedroom
    $1,752,500
    4 bedroom
    $2,602,500
    All
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