Sitting on a generous 780sqm approx allotment (18.3m approx frontage) with a north facing rear, this vacant and unencumbered allotment provides an excellent opportunity for a new home site or with existing approved plans and permits for 2, 4-bedroom, 3-bathroom (with ensuite downstairs) townhouses. The site is ideally situated in a highly sought-after locale, rich in suburban infrastructure and family-friendly surrounds. It is ideally positioned within the coveted Greythorn Primary School and Koonung Secondary College zones, a short stroll to Balwyn East shopping strip, Box Hill Central, Koonung Creek parklands, close to Doncaster Park & Ride, Eastern Freeway and Westfield Doncaster shopping. The site enjoys a sought-after location with a short drive to elite schools in Balwyn, Kew and Hawthorn; including Camberwell Boys Grammar School, Camberwell Girls Grammar School, Fintona Girls' School, Carey Baptist Grammar School and Genazzano FCJ College to name a few. Situated in a Neighbourhood Residential Zone 3, providing the perfect canvas to realise your most daring ideas. A rectangular allotment, this vacant property is brimming with latent potential, inspiring a magnificent dream home or a luxurious townhouse development (subject to council approval).
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 9,255 properties. Over the last 5 years, Houses in Balwyn North have seen a 15.57% increase in median value, while Units have seen a 6.95% increase. As at 31 October 2024:
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