25 Riverview Road, Balwyn North VIC 3104

Period home with modern extension | Balwyn High zone | 624sqm land | 44% site coverage This property offers a rare combination of period character and functional modern extension, which is competitively strong in a market where buyers often compromise on one or the other. The 44% site coverage on a 624sqm block leaves meaningful outdoor space while the house itself is generous for a family. Its positioning in the Balwyn High zone and proximity to Boroondara Park Primary School makes it particularly suited to families prioritising schooling outcomes without sacrificing a walkable neighbourhood. The solar panels and ducted heating and cooling reduce ongoing holding costs, which is a practical edge in the current market. The primary risk is the 2009 purchase price being unknown, so the vendor’s cost base is unclear and may affect negotiation flexibility. The $2.3m to $2.4m asking range sits at the upper end of the suburb median for four-bedroom houses, meaning buyers should compare against recent sales like the $1.905m on the same street for a smaller property. The 67% of properties held over ten years in Riverview Road signals low turnover and potentially limited future supply, which supports long-term value. For a buyer, this house works best as a long-term family home where school zoning and period charm are primary drivers, not a short-term flip.