2 Almond St

Balwyn North VIC 3104

1148 m²

House

Currently for sale - view listing

Overview

Exceptional 1,148sqm development opportunity in Balwyn high zone

Occupying an exceptional 1,148sqm (approximately) allotment in the prestigious Balwyn High School zone, this outstanding landholding presents a rare opportunity to capitalise on significant multi-townhouse redevelopment potential (Subject to Council Approval). With generous dimensions and substantial land area, the site is ideally suited to developers, builders and investors seeking their next blue-chip project in one of Melbourne's most tightly held locations. The existing two-bedroom residence is comfortably presented and currently leased on a periodic tenancy at $495 per week, providing valuable holding income while plans and approvals are pursued. Accommodation includes a generous living room with split-system heating and cooling, separate dining room, spacious kitchen with dishwasher, central bathroom and ample off-street parking including a double carport. Beyond its exciting redevelopment prospects, the property also offers the flexibility to renovate or construct a luxury new family residence on a substantial parcel of land. Positioned within walking distance of Doncaster Road trams and buses, the property also enjoys convenient access to the Eastern Freeway, Greythorn Village, Belmore Road shopping precinct, Westfield Doncaster, Koonung Creek Trail and Leigh Park. Zoned for the highly acclaimed Balwyn High School and Boroondara Park Primary School, this is an exceptionally rare opportunity to secure one of Balwyn North's most compelling development sites.