341 Union RoadBalwyn VIC 3103
Property Details for 341 Union Rd, Balwyn
341 Union Rd, Balwyn is a 5 bedroom, 2 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 1685m2 and floor size of 186m2.
Last Listing description (March 2019)
On a rare and magnificent parcel of land on which you could build two homes, this 1685sqm sites open the doors to endless possibilities. The single dwelling covenant has been varied to allow two dwellings, so you split the land and build two homes beside each other, live in one and sell the other. Or alternatively, build one in the front yard, and one in the rear? You could build one large home with tennis court and pool? (STCA) Alternatively, with a frontage of approx. 27.4m and a depth of 61.4m you may consider redeveloping the site with a multi-residence development or luxurious town residences. (STCA)
The land is underpinned by a great location, being a short walk to Balwyn East shopping centre, the 109 Tram on Whitehorse Road, and convenient access to Balwyn, Box Hill and Doncaster shopping centres. The area has numerous numerous parks plus an array of excellent schools including Koonung High School, Mont Albert Primary and public transport options are all within easy reach.
Land size: 1,685sqm (approx.)
Property History for 341 Union Rd, Balwyn, VIC 3103
- 12 Oct 2018Listed for Sale FOR SALE $3,700,000
- 19 Oct 1996Listed for Sale Not Disclosed
- 13 Jan 1996Listed 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 7,362 properties. Over the last 5 years, Houses in Balwyn have seen a 18.65% increase in median value, while Units have seen a 9.67% increase. As at 31 October 2024:
- The median value for Houses in Balwyn is $2,811,991 while the median value for Units is $849,310.
- Houses have a median rent of $980 while Units have a median rent of $600.
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