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Overview
Set on a generous 664 square meter parcel in a sought-after Balwyn North pocket, this property offers exceptional potential either as a foundation for a dream luxury home or a multi-dwelling project (STCA), appealing particularly to developers and families eager to capitalize on the location.
The original brick residence provides immediate livability or rental income prospects with its neat appearance and thoughtful layout. Inside, warm wooden flooring accentuates a naturally bright living space, complemented by a feature timber wall that adds subtle character. The kitchen is well-equipped with modern conveniences including a gas cooktop, wall oven, dishwasher, and a breakfast bar, which together with a dedicated dining area supports seamless everyday living and entertaining.
Comprising three spacious bedrooms each with built-in wardrobes, this home is serviced by a central bathroom with an additional separate toilet, ensuring convenience for household members. The dedicated laundry area enhances functionality while maintaining the home's original charm.
Outdoors, an elevated terrace overlooks a manicured front lawn, offering a quiet retreat or space for casual gatherings. Off-street parking is ample with a deep concrete driveway leading to a generous single carport at the rear, surrounded by manageable outdoor areas that require minimal upkeep.
The property is advantageously positioned with access to high-quality educational institutions such as Belle Vue Primary School and Kew High School, while nearby Musgrave Reserve and the Yarra Trail afford appealing recreational options. Local shopping strips, cafes, and Balwyn North Village provide convenient amenities alongside efficient transport links including city-bound services and the Eastern Freeway, creating a well-rounded lifestyle package for residents.
Local Market Insights
In Balwyn North, Quiet Listings observed 27 new houses entering the market over the last 30 days, down from 32 during the previous 30-day period, with an average advertised asking price of $2,952,963. The property type mix of listed properties is predominantly Houses at 66%, followed by townhouses (12%), and apartments (7%). The most active agency for houses in the Balwyn North area is currently Jellis Craig, representing 30% of new listings, followed by Ray White with 26%. 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.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
This property has had 4 previous open for inspections. Schedules can change at late notice, please confirm times with the selling agent before attending an open home.
Location
Market Insights for Balwyn North VIC 3104
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