5 Larbert Avenue, Balwyn North, Vic 3104

$2,000,000-$2,200,000

House
Type
4
Bedrooms
2
Bathrooms
2
Parkings
724 m²
Area

Published on Friday, June 12, 2026 ( See property details for 5 Larbert Avenue, Balwyn North, Vic 3104)

$2,000,000-$2,200,000

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A versatile 4-bedroom family home on a prime 724sqm block in Balwyn North, offering excellent redevelopment potential within a highly sought-after locale.

🏡 Property Highlights

  • Approx. 724sqm landholding in a sought-after family pocket
  • Located within the prestigious Balwyn High School Zone
  • Existing four-bedroom home offering holding income potential
  • Ideal site for redevelopment, new luxury residence, or multi-dwelling project (STCA)
  • Surrounded by premium luxury residences
  • Close proximity to North Balwyn Village, Greythorn Shopping Centre, and parklands

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Waterfront / Views
  • Secure Parking
  • Home Office / Study
  • Ceiling Fans
  • Heating
  • Internal Laundry
  • Extra Storage (Shed/Linen)

Balwyn North is a highly desirable suburb renowned for its family-friendly environment, excellent schools, and strong long-term growth prospects. It offers convenient access to shopping precincts, parklands, and city-bound transport routes, making it ideal for families and investors seeking a premium lifestyle. The area is characterized by its prestigious residences and ongoing development, ensuring sustained demand and value appreciation.

What are the potential uses for the property?
The property offers potential for redevelopment, building a luxury new residence, or a boutique multi-dwelling project, subject to council approval.
Is there existing income from the property?
Yes, the current four-bedroom home provides holding income potential while future plans are considered.
What are the key features of the property?
The property includes features such as open-plan living, outdoor area, home office/study, ceiling fans, heating, internal laundry, extra storage, built-in robes, secure parking, and waterfront/views.
How accessible is the location?
The property is conveniently located near North Balwyn Village, Greythorn Shopping Centre, parklands, and offers easy access to CBD transport and the Eastern Freeway.
What is the zoning and development potential?
The property is situated in a highly sought-after area with potential for redevelopment or multi-dwelling projects, subject to council approval.
Are there any planning restrictions or zoning regulations that could affect redevelopment plans? What are the potential hidden costs associated with the property, such as council fees or easements? Are there any known defects or issues with the existing structure? Is the property located in a flood or bushfire-prone area? Are there any upcoming developments or construction projects nearby that could impact the property’s value or living environment? What are the strata or body corporate considerations if planning multi-dwelling development? Are there any easements or zoning restrictions that limit the property's use? Has the property been tested for environmental hazards or contamination? What are the long-term growth prospects and market trends in Balwyn North? Are there any restrictions on building height or design due to local council regulations?

5 Larbert Avenue, Balwyn North, Vic 3104 - More Details

$2,000,000-$2,200,000

Type
House
Bedrooms
4
Bathrooms
2
Parkings
2
Area
724 m²

Price guide

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