138 Belmore Road

Balwyn VIC 3103

The value and outstanding opportunity offered by this property is underpinned by its desirable family location on the high side of the street, minutes' walk to Balwyn High School and Balwyn North Primary School, in one of Melbournes most sought-after Eastern suburbs. This generous allotment of 780sqm approx. is ideal for the construction of a luxurious new family residence like many of those homes now featuring on the Belmore Road streetscape. Alternatively, the property could be converted into a potential medical centre or build new townhouses/renovate the existing home (all STCA), with either option promising excellent capital gains prospects due to its zoning.The site is currently occupied by a clinker brick family home which has an interior offering family accommodation typical of its era. The interior features an entrance hall, polished hardwood floors, a spacious sitting room (OFP) and adjacent dining room, three bedrooms, period-style bathroom, kitchen, laundry/WC; plus an informal living room opening to a deep rear garden. Other features include period attributes, ducted heating and wall air-conditioner (living room), double garage and off-street parking. *Buyers should note it presents in comfortable order throughout and could be occupied or leased while a decision on its future is made. This impressive opportunity is brilliantly located moments from Macleay and Myrtle parks, in the prized Balwyn High zone. Minutes from either Belmore Road, Burke Road or Whitehorse/Deepdene shops, cafes, restaurants, the Balwyn Cinema or Boroondara Sporting Complex. Also close to the old outer circle trails plus many of Melbournes other prestige schools; with a bus service on Belmore Road and easy access to the Eastern Freeway for travel to the CBD.