For Sale $3,880,000 - $4,180,000 - Land
A quarter-acre landholding in the heart of Balwyn
Asking Price: $3,880,000 – $4,180,000
Land Size: 1,043 sqm (approx.)
This is a rare opportunity to secure a cleared, level quarter-acre allotment with approved planning permit in one of Balwyn’s most tightly held residential streets. In a market where time, certainty and holding costs materially impact returns, this offering provides immediate development readiness in a blue-chip, education-driven location.
The value proposition here is certainty and positioning. With demolition already completed and a planning permit in place, buyers can move directly into construction without the usual delays associated with design approvals, council negotiations or consultant coordination. The trade-off is the absence of an existing dwelling, meaning there is no interim rental income or alternative holding flexibility.
Design & Development Commentary
Street Presence
Situated within a premium Balwyn streetscape, the allotment enjoys strong neighbourhood context, surrounded by established family homes and quality new builds. The block is cleared and level, providing clean site conditions that eliminate demolition risk and unknown structural costs. The generous frontage and regular shape allow for efficient design outcomes, whether executing the approved permit or pursuing a luxury custom residence in accordance with permit conditions.
Development Practicality
With planning approval already secured, the major uncertainty stage of the development cycle has been resolved. This materially reduces holding risk and project timeline. The cleared condition enables builders and developers to proceed directly to documentation and construction, improving cost control and time efficiency.
The absence of a dwelling removes the option for interim rental income but equally avoids demolition costs and potential complications with existing structures. For many developers, this clean start is preferable.
Light & Orientation
As a level, unencumbered site, the block allows flexibility in orientation and design execution (subject to permit parameters). The surrounding built form is typical of the area, with strong residential character and established streetscape continuity.
Location & Lifestyle Context
Positioned moments from Balwyn Village, this address offers easy access to cafés, boutique shopping and everyday conveniences. The property sits close to Balwyn Primary School and other highly regarded educational institutions, reinforcing its appeal to the family market. Nearby parklands and walking trails enhance lifestyle amenity, while strong public transport connectivity — including bus routes and tram services — provides efficient links to the CBD and surrounding suburbs. As a blue-chip Balwyn address within an education-driven catchment, demand from owner-occupiers and investors remains consistently strong.
Property History
2024: Original dwelling demolished
25 July 2023: Sold for $3,350,000
Related Properties (Market Context)
| Address | Sale Price | Commentary |
| 7 Carronshore Close, Balwyn | $3,950,000 | Smaller battle-axe block. Inferior configuration but broadly comparable pricing. |
| 8 Wills Street, Balwyn | $3,980,000 | Similar-sized block on same street with existing dwelling (demolition required). Comparable in value. |
Strengths & Weaknesses
Strengths
- Large 1,043 sqm (approx.) allotment in blue-chip Balwyn
- Regular block shape with strong design flexibility
- Cleared and level — no demolition required
- Approved planning permit in place
- Premium school-zone and lifestyle positioning
- Tightly held residential street
Weaknesses
- No existing dwelling means no rental holding income
- Less flexibility compared to properties with habitable homes
- Market sensitivity at this price point requires precise build execution
Eastern Suburbs Listings Value Estimate
Estimated Range: $3,800,000 – $4,180,000
Confidence: High
Final Opinion
This is a development-driven opportunity that prioritises certainty and efficiency in a tightly held Balwyn location. The approved permit and cleared site materially reduce planning risk and time-to-market, making it particularly attractive to builders or developers seeking immediate progression. For owner-builders wanting to fast-track a prestige residence in a prime school zone, it also presents a compelling foundation.
Value is underpinned by land size, permit approval, school-zone positioning and Balwyn’s long-term capital performance. Pricing sensitivity will ultimately depend on the approved design’s market appeal and construction feasibility.
Disclaimer
All content on Eastern Suburbs Listings is for informational purposes only and does not constitute financial, legal, or investment advice. Information may be inaccurate or out of date. Always seek independent professional advice before making property decisions.
