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Overview
Situated on a substantial allotment of approximately 848 square metres in one of Balwyn's most coveted areas, this property offers a unique platform to craft a distinctive residence or explore a multi-dwelling development opportunity, subject to council approval.
The existing home is a charming Californian Bungalow, providing notable original character and craftsmanship representative of a bygone era. For those interested in preserving heritage, this property allows a thoughtful renovation that can blend period details with contemporary family living comforts, creating a residence that is both timeless and functional.
The wide frontage and generous land size provide significant flexibility, perfectly suited for families seeking a permanent home with space and scope for expansion, or developers aiming to design boutique luxury townhomes in a premium location.
Enhancing the lifestyle appeal, a rear gate offers direct access to community parkland and an alternative pedestrian route to the bustling Whitehorse Road shopping and dining precinct. Accessibility is further supported by proximity to Balwyn Library, local supermarkets, cafes, the city-bound tram, and numerous esteemed private schools reachable via tram. Multiple educational institutions and transport options such as Balwyn Primary School, Fintona, and Chatham Station are also within comfortable walking distance.
This offering combines substantial land with an esteemed Balwyn address, making it an increasingly scarce opportunity for discerning buyers desiring a quality project in a well-established community.
Local Market Insights
In Balwyn, Quiet Listings observed 14 new houses entering the market over the last 30 days, down from 27 during the previous 30-day period, with an average advertised asking price of $2,524,286. The property type mix of listed properties is predominantly Houses at 56%, followed by townhouses (19%), and units (11%). The most active agency for houses in the Balwyn area is currently Marshall White, representing 29% of new listings, followed by Stockdale & Leggo with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Balwyn VIC 3103
Market Insights for Balwyn VIC 3103
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