1,2,3/4 Balfour Avenue, Heathmont, Vic 3135

For Sale

1,2,3/4 Balfour Avenue, Heathmont, Vic 3135-Image

1,2,3/4 Balfour Avenue, Heathmont, Vic 3135

$1,300,000 - $1,400,000

House

Type

Bedrooms

Bathrooms

1,011 m²

Area

Published on Thursday, July 16, 2026 ( See property details for 1,2,3/4 Balfour Avenue, Heathmont, Vic 3135)

$1,300,000 - $1,400,000

View the agent price guide.

Marcus Lim - Real Estate Agent - Barry Plant Heathmont

Marcus Lim Licensed Estate Agent / Auctioneer

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Will Marie - Real Estate Agent - Barry Plant Heathmont

Will Marie Property Consultant

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile Heathmont property offering immediate rental income, approved redevelopment plans, and significant future upside on a large 1,011sqm allotment.

🏡 Property Highlights

Immediate rental income from three leased residences
Approved development plans for four townhouses
Substantial 1,011sqm allotment in a prime Heathmont location
Flexible investment with land banking or redevelopment options
Close to top schools, parks, shopping, and transport links
Existing income stream of $55,260 per annum

✨ Key Features

Built in robes
Open-Plan Living
Garage
Outdoor Area
Ensuite
Waterfront / Views
Secure Parking
Floorboards
Internal Laundry
Pet-Friendly

Suburb and Property Insights of Heathmont, VIC 3135

Heathmont is a highly sought-after suburb known for its family-friendly atmosphere, excellent schools, and convenient access to parks and shopping centres. The area offers a strong community vibe, excellent transport links via Heathmont Station, and proximity to EastLink for easy city access. With a mix of established homes and future development potential, Heathmont is ideal for investors and families alike, providing a balanced lifestyle with amenities at your doorstep.

Frequently Asked Questions

What is the current rental income and potential for future income growth?

The property currently generates $55,260 per annum from three leased residences, with potential for increased income depending on future redevelopment or leasing strategies.

What are the details of the approved development plans?

The approved plans include four townhouses with a mix of three and four-bedroom layouts, private open spaces, garaging, and shared driveway arrangements, designed to maximise the site’s potential.

Are there any restrictions or conditions on the development approval?

The development has an approved planning permit and detailed plans; however, any future modifications should be checked with local council regulations.

What are the zoning and land use restrictions for this property?

The property is zoned for residential development, with approved plans for multi-townhouse use, subject to council compliance and planning regulations.

Is the property suitable for owner-occupiers or investors?

The property offers flexibility for both investors seeking immediate income and future land banking or redevelopment opportunities for owner-occupiers or developers.

What to ask about this property to agent?

Are there any hidden costs associated with the approved development plans or ongoing maintenance? Has the property been surveyed recently to confirm boundary lines and land size? Are there any easements, covenants, or restrictions affecting the property or future development? What are the local council requirements or approvals needed for construction or modifications? Is there any history of flooding, bushfire risk, or environmental concerns on the site? Are there any upcoming planning or infrastructure projects in the area that could impact the property? What are the strata or body corporate arrangements if applicable? Are there any noise or nuisance issues from nearby roads, rail, or commercial activities? Is the property compliant with all building codes and safety standards? Are there any existing or planned nearby developments that could affect the property's value or livability?

1,2,3/4 Balfour Avenue, Heathmont, Vic 3135 - More Details

$1,300,000 - $1,400,000

Type: House
Bedrooms: 4
Bathrooms: 3
Area: 1,011 m²

Price guide

View Statement Of Information

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1,2,3/4 Balfour Avenue, Heathmont, Vic 3135 - Point Of Interest

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1,2,3/4 Balfour Avenue, Heathmont, Vic 3135

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