SOLD
Sold on 29 Aug 2024 for $3,651,000

481 Whitehorse Road
Balwyn VIC 3103

Bedrooms: 4
Bathrooms: 4
Car spaces: -
Land area: 843m2
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Sold By
Marshall White Boroondara
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Property Details for 481 Whitehorse Rd, Balwyn

Building Type
Commercial
Land Size
843m2
Local Government
Boroondara
Lot/Plan
2/LP88351

Last Listing description (August 2024)

Marshall White & Fitzroys are delighted to offer 481 Whitehorse Road, Balwyn for sale via Public Auction on Thursday 29th August at 11am on-site

Features of this outstanding corner site include:

- High-profile corner site of 843sqm approx.

- Combined 56m approx. frontage to Whitehorse Road & Brenbeal Street

- Potential to re develop this prime corner site for apartments/commercial (STCA)

- Leased to long standing tenant 'Advara HeartCare' until Dec 2026

- Returning $160,800 + GST

- Well-presented medical building of 232sqm approx. featuring 4 practice rooms, reception, office and staff amenities

- On-site parking for 12 vehicles

- Premium corner gateway site in Balwyn's coveted Whitehorse road lifestyle precinct

- Positioned midway between the desirable Balwyn and Union Road shopping strips, cafes and restaurants; close to an array of Melbourne's finest private schools and just moments from Balwyn or Chatham Primary schools and parklands

- Balwyn High School Zoning

- 109 Tram on the doorstep, taking you to Melbourne CBD / Box Hill CBD

- Flexible lease arrangement provides ability to invest, occupy or redevelop in the near future

- General Residential Zoning (GRZ4)

Conjunctional Agent | Chris James | Fitzroys | 0421 779 714

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Property History for 481 Whitehorse Rd, Balwyn, VIC 3103

A timeline of how this property has performed in the market
Last Sold
$3,651,000
29 Aug 2024
  • 29 Aug 2024
    Sold for $3,651,000
  • 26 Jul 2024
    Listed for Sale $2,700,000 - $2,900,000
  • 30 Jan 2006
    Sold for $1,050,000

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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 7,412 properties. Over the last 5 years, Houses in Balwyn have seen a 15.36% increase in median value, while Units have seen a 1.03% increase. As at 30 November 2024:

  • The median value for Houses in Balwyn is $2,783,212 while the median value for Units is $831,315.
  • Houses have a median rent of $995 while Units have a median rent of $612.
There are currently 20 properties listed for sale, and 8 properties listed for rent in Balwyn on OnTheHouse. According to CoreLogic's data, 304 properties were sold in the past 12 months in Balwyn.

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