SOLD
Sold on 18 May 2024 for $871,500

5/16-18 Jersey Street
Balwyn VIC 3103

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 130m2
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Property Details for 5/16-18 Jersey St, Balwyn

5/16-18 Jersey St, Balwyn is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 130m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Balwyn in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
75m2
Land Size
130m2
Local Government
Boroondara
Lot/Plan
5/RP4097

Last Listing description (July 2024)

Watch the auction live here: https://heavyside.co/live-auction/

THE PROPERTY
Tucked in a boutique block of only six, this light, bright and inviting two-bedroom villa apartment is stylishly updated throughout and is certain to impress first home buyers, downsizers and investors seeking a strong foothold within a dream location. Sparkling floorboards and contemporary colours and finishes create a welcoming environment within the spacious open plan living zone, with large windows bathing the space in natural light.

Flowing through the meals domain to the sparkling kitchen, home chefs will appreciate the glass splashbacks, granite benchtops, Bosch appliances and walk-in pantry, making every mealtime a breeze. Both bedrooms are generous in size and flaunt built-in robes, with the fully tiled bathroom complete with shower, bath, vanity and separate toilet ideally located nearby. Further adding to the appeal and value, a dedicated laundry with direct access to the serene private courtyard, ducted reverse cycle air conditioning and split systems for comfort, and a lock-up garage.

THE FEATURES
- Easy-to-manage modern villa boasting two bedrooms and one bathroom
- Positioned in a peaceful boutique block of six, a short walk to trams & shops
- Contemporary kitchen features Bosch appliances, walk-in pantry & granite benches
- Two generously designed bedrooms are complete with built-in robe storage
- Fully tiled main bathroom includes shower, bath, vanity & separate toilet
- Dedicated laundry with direct access to the rear courtyard
- Tranquil, private easy-care paved courtyard framed by manicured gardens
- Single lock-up garage with additional off-street parking
- Ducted reverse cycle heating & air conditioning, plus split systems

THE LOCATION
Adding further value to this exceptional lifestyle property is a premiere position on a quiet, tree-lined street, just a short stroll to trams, Balwyn Park, and the vibrant Whitehorse Road shopping precinct where you will find cinemas, restaurants, and cafes, plus within easy reach of Kew Junction. Zoned for Camberwell High School, Canterbury Girls Secondary, Balwyn Primary, and only a short drive to Balwyn High School.

THE TERMS: 30|45|60

Property History for 5/16-18 Jersey St, Balwyn, VIC 3103

A timeline of how this property has performed in the market
Last Sold
$871,500
18 May 2024
Listed for Rent
$400/w
27 Jan 2009
  • 18 May 2024
    Sold for $871,500
  • 24 Apr 2024
    Listed for Sale $871,500
  • 01 Aug 2009
    Sold for $538,500
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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 7,405 properties. Over the last 5 years, Houses in Balwyn have seen a 20.17% increase in median value, while Units have seen a 14.75% increase. As at 31 August 2024:

  • The median value for Houses in Balwyn is $2,757,825 while the median value for Units is $845,766.
  • Houses have a median rent of $980 while Units have a median rent of $600.
There are currently 23 properties listed for sale, and 8 properties listed for rent in Balwyn on OnTheHouse. According to CoreLogic's data, 321 properties were sold in the past 12 months in Balwyn.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.