1 Panoramic Road, Balwyn North VIC 3104

1 Panoramic Road, Balwyn North VIC 3104 is a 5-bedroom, 3-bathroom, 2-car house that was sold in 2023 for $3,321,000 and has since been listed again in a $2.9M–$3.19M band. The property was listed for sale on 18 June 2026 as a house in Balwyn North. The listing describes a substantial executive-family home with parquet flooring, soaring ceilings, ornate cornices, stone kitchen surfaces, Bosch appliances, gas log fire, French doors to an undercover alfresco area, a private garden, upstairs retreat, three master bedrooms across both levels, city views, spa ensuite, ducted heating, evaporative cooling, ducted vacuum, video intercom, powder room, laundry chute, façade double glazing, security gates, and a double automatic garage with internal access. 5 bedrooms | Balwyn High zone | city views | premium finishes | price sensitive market This is a genuinely substantial family house, not a standard suburban home. The five-bedroom, three-bathroom configuration with formal and informal living zones, an upstairs retreat, and three master suites across both levels is rare in this price band. The parquet flooring, high ceilings, stone kitchen with Bosch appliances, and gas log fire signal a property that has been thoughtfully finished rather than superficially upgraded. Its position metres from Balwyn High School and close to tram access makes it a strong fit for executive families who prioritise school catchment and commute convenience without wanting to compromise on internal space or quality. The city views from the front bedrooms add a dimension that most houses at this level in the suburb do not offer. The price band suggests the market may be softer than when it sold in 2023, which creates a potential opportunity but also signals that buyers are being more selective. The absence of confirmed land size and building age means a buyer should verify these directly, as both can materially affect resale potential and renovation scope. The evaporative cooling rather than refrigerated air conditioning may be a consideration for some buyers in hotter months. The property’s reliance on school-zone demand for its price premium means any future zoning changes could affect long-term value, though no such changes are indicated. A thorough building and pest inspection is advisable given the multi-level configuration and the age implied by the ornate cornices and façade double glazing.