FOR SALE
$5,000,000-$5,500,000

22-24 Raynes Street
Balwyn VIC 3103

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 2030m2
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One of the largest land within the Balwyn High School Zone

Situated in the heart of Balwyn, this pristine location boasts a generous 2,030sqm (approximately) allotment, presenting an exceptional opportunity for developers and builders alike. The possibilities for development are abundant; one could construct a luxurious residence complete with a tennis court and swimming pool, or opt for redevelopment with existing plans for four upscale townhouses (subject to council approval).
The location is unparalleled, with convenient access to amenities such as Belmore Plaza Shopping Centre and Balwyn Woolworths just a stone's throw away. Educational needs are catered to by nearby institutions like Greythorn Primary School and Balwyn High School, while prestigious options such as Camberwell Grammar, Fintona Girls School, Trinity Grammar, and Carey Baptist Grammar are within easy reach. Public transportation is readily available, with bus routes along Belmore Road and tram lines on Whitehorse and Doncaster Road. Nature enthusiasts will appreciate the proximity to parks like Beckett Park, Gordon Barnard Reserve, Hislop Reserve, and Greythorn Park, along with the Boroondara Sports Complex for recreational activities. Furthermore, the CBD is a mere 10-minute commute via the M3.
Key Features:
Located within the Balwyn High School Zone
Expansive 2,030sqm (approximately) allotment
Convenient access to the M3
Short 10-minute commute to the CBD
Walking distance to shops, schools, and parks
Accessible public transportation via buses and trams
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstate-ments in this document. The fixtures, fittings, appliances and services have not been tested and no guarantee as to their functionality or efficiency can be provided. Prospect purchasers should independently verify the information contained in this document.
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Property Details for 22-24 Raynes St, Balwyn

22-24 Raynes St, Balwyn is a 1 bedroom, 1 bathroom House. The property has a land size of 2030m2. The place is currently for sale with Ray White Box Hill.

Building Type
House
Land Size
2030m2

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About Balwyn 3103

The size of Balwyn is approximately 4.4 square kilometres. It has 19 parks covering nearly 5% of total area. The population of Balwyn in 2011 was 12,943 people. By 2016 the population was 13,321 showing a population growth of 2.9% in the area during that time. The predominant age group in Balwyn is 10-19 years. Households in Balwyn are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balwyn work in a professional occupation. In 2011, 72.9% of the homes in Balwyn were owner-occupied compared with 71.2% in 2016.

Balwyn has 7,377 properties. Over the last 5 years, Houses in Balwyn have seen a 17.77% increase in median value, while Units have seen a 11.72% increase. As at 30 September 2024:

  • The median value for Houses in Balwyn is $2,789,434 while the median value for Units is $846,749.
  • Houses have a median rent of $980 while Units have a median rent of $600.
There are currently 25 properties listed for sale, and 12 properties listed for rent in Balwyn on OnTheHouse. According to CoreLogic's data, 295 properties were sold in the past 12 months in Balwyn.

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Jessica Chin
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Jerry Cheng
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Ray White Box Hill
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