259 Belmore RoadBalwyn North VIC 3104
Property Details for 259 Belmore Rd, Balwyn North
259 Belmore Rd, Balwyn North is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 706m2 and floor size of 200m2. While the property is not currently for sale or for rent, it was last sold in June 2018.
Last Listing description (August 2024)
Located in a sought-after area, this charming home sits on an elevated site of approximately 706 m, offering proximity to a host of desirable amenities. Zoned for General Residential schedule 5 (max 3 stories, 11 meters), this property is perfect for multi-unit development (STCA). Within the prestigious Balwyn High School catchment area, it provides easy access to the Boroondara Sports Complex, beautiful parklands, convenient transport options, local cafes, and village shopping, all while being close to the freeway.
The existing residence boasts sweeping northern views, featuring a spacious lounge, a second living space, an updated kitchen with a meals area, a bathroom, a second WC, and three comfortable bedrooms. Additionally, there is ample parking for at least two cars and a versatile workshop/studio space.
This is an exceptional opportunity to leave your mark in a prime location with excellent development potential.
This Distinctive Property Offers a Savvy Business Opportunity in prime location. Do not miss out!
Terms: 10% deposit, balance 30/60/90 days
Property History for 259 Belmore Rd, Balwyn North, VIC 3104
- 29 Jul 2024Listed for Sale $1,900,000 - $2,090,000
- 10 Oct 2021Listed for Rent - Price not available
- 12 Dec 2018Listed for Rent - Price not available
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About Balwyn North 3104
The size of Balwyn North is approximately 9.1 square kilometres. It has 20 parks covering nearly 15.7% of total area. The population of Balwyn North in 2011 was 20,315 people. By 2016 the population was 20,414 showing a population growth of 0.5% in the area during that time. The predominant age group in Balwyn North is 10-19 years. Households in Balwyn North are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balwyn North work in a professional occupation. In 2011, 80.6% of the homes in Balwyn North were owner-occupied compared with 78.4% in 2016.
Balwyn North has 9,272 properties. Over the last 5 years, Houses in Balwyn North have seen a 22.69% increase in median value, while Units have seen a 15.02% increase. As at 31 August 2024:
- The median value for Houses in Balwyn North is $2,200,738 while the median value for Units is $1,163,151.
- Houses have a median rent of $820 while Units have a median rent of $750.
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