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1,2,3/4 Balfour Avenue

Heathmont VIC 3135

4
3
1011 m²
House
Currently for sale - view listing

Overview

Approved Four Townhouse Site with Three Rental Incomes

Set on a substantial 1,011sqm approx. allotment in a highly convenient Heathmont position, this rare offering combines immediate rental income with approved development upside. Currently set up as three separately leased residences, each with its own kitchen and bathroom, the property returns $4,605 per calendar month, or $55,260 per annum. This provides an attractive income stream from day one, with the flexibility to continue leasing, land bank, or move forward with the approved redevelopment. The future pathway is already in place, with an approved planning permit and detailed plans for a four townhouse development. The approved scheme has been thoughtfully designed across the site, with two street-facing townhouses and two rear residences, a mix of three and four bedroom layouts, private open space, garaging, dedicated vehicle access and shared driveway arrangements already incorporated into the plans. With three existing rental incomes, a substantial Heathmont landholding and an approved four townhouse development, the property offers immediate return, long term flexibility and clear future upside. Positioned close to Great Ryrie Primary School, Aquinas College, Jubilee Park, Aquanation, Heathmont Village, Heathmont Station, Eastland Shopping Centre, EastLink, Tintern Grammar and Ringwood Secondary College, the location adds further strength for both tenants and future buyers. A rare Heathmont opportunity offering scale, income and approved future potential.

Features

4 bedrooms
3 bathrooms
1011 m² lot size
House

Happy sellers in Heathmont

98%
98% of sellers in Heathmont reported that their sale price either exceeded or met their price expectations.

Heathmont stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Heathmont over the last 12 months.

Local market activity for 4 bedroom houses in Heathmont

In the last 12 months, 38 four-bedroom houses similar to 1,2,3/4 Balfour Avenue, have been sold.

This represents a 18% increase in four-bedroom houses sales when compared to the previous 12 months.

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