Prime Balwyn Corner Allotment with Exceptional Future Potential

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20 Bernborough Avenue, Balwyn VIC 3103

$2,000,000 ~ $2,200,000

Search Band Search Visibility Band

$2M - $2.1M High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 2 Cars 651 m²

Listed: 22 hours ago

Overview

Set on a generous 651sqm corner allotment in the prized suburb of Balwyn, this house offers exceptional flexibility and long-term potential. The sizable corner block provides a valuable asset in an established residential neighborhood, presenting options for families, renovators, and investors alike.

The existing residence is thoughtfully designed to cater to modern living demands, featuring three bedrooms and a single bathroom. A variety of living spaces including separate living and family rooms, a dining area, and a breakfast nook create versatile zones for daily life. The dedicated study or home office supports contemporary work-from-home requirements.

This property’s corner location offers added expansion or redevelopment prospects, subject to council approval, making it an appealing proposition for those seeking to customize or enhance the home according to evolving needs.

Balwyn is well-regarded for its quality education options and strong sense of community, attracting families who value convenience and lifestyle balance. Local amenities such as shopping, dining, and recreational choices are readily accessible, supported by solid transport connections.

Overall, this property melds the practicality of immediate residential comfort with a significant landholding that holds promise for future enhancement and value growth. It suits buyers looking to secure a foothold in a sought-after area with options to personalize or invest strategically.

Local Market Insights

In Balwyn, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $3,911,200. The property type mix of listed properties is predominantly Houses at 71%, followed by apartments (14%), and units (9%). The most active agency for houses in the Balwyn area is currently Jellis Craig, representing 20% of new listings, followed by Ray White with 16%. 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.