296 Union RoadBalwyn VIC 3103
Property Details for 296 Union Rd, Balwyn
296 Union Rd, Balwyn is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 996m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom House sold in Balwyn in the last 12 months.
Last Listing description (September 2024)
Developers and new home builders will want to snap up this rare and sought-after opportunity to acquire a magnificent, wide allotment of 996sqm approx. opposite Mont Albert Park and on the corner of Yarrbat Avenue, arguably one of Balwyn's finest streets. Renovate the existing 1920s family residence and restore the home to is former glory; reap the rewards of plans and permits by developing the two approved luxurious town homes or construct a lavish family residence (STCA) capitalizing on second level tree-top views to the Dandenong Ranges in this highly regarded area, amongst many high quality homes underpinning the excellent prospects for future capital gains.
Further enhanced by a coveted location just a few minutes from Balwyn Plaza shops, the Whitehorse Road shopping precinct or Westfield Doncaster - all offering a range of shopping and dining options. Whilst the many parks including Becket, Greythorn and the Gordon Barnard Reserve or the Boroondara Sports Complex all provide a range of family recreation pursuits and numerous excellent schools, including Mont Albert Primary are close by. Plus public transport options and quick access to the Eastern Freeway for travel to the CBD, Yarra Valley or the Mornington Peninsula.
Land size: 996sqm approx.
Property History for 296 Union Rd, Balwyn, VIC 3103
- 17 Sep 2024Sold
- 06 Aug 2024Listed for Sale NEW PRICE - $2,350,000
- 01 May 2020Listed for Sale Not Disclosed
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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 7,376 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.
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