1/1012 Heidelberg Road, Ivanhoe VIC 3079

brand-new tri-level townhouse | Fairy Hills prestige pocket | city-view balcony | boutique block of four | premium Ivanhoe positioning This property presents a rare configuration in Ivanhoe’s tightly held Fairy Hills precinct: a brand-new, tri-level townhouse on a small-scale boutique block of four, with an upper-level balcony offering city skyline views. For buyers seeking a low-maintenance executive residence in a blue-chip suburb, the combination of four bedrooms, three bathrooms, and secure two-car parking on a tri-level layout is competitively scarce. The inclusion of double glazing, oak parquetry flooring, and ducted heating and cooling with individual room controls signals a build quality that supports long-term owner-occupier appeal. The location near river parklands, Ivanhoe Village, and leading private schools further strengthens the property’s position for families or downsizers who prioritise lifestyle convenience over land area. The primary risk lies in the property’s tri-level design, which may deter buyers with mobility concerns or young children, and the lack of a private garden beyond the courtyard and balcony. As one of four townhouses on a redeveloped site, strata or owners corporation fees are likely, and the proximity to Heidelberg Road may introduce traffic noise despite double glazing. However, the opportunity is clear: a brand-new townhouse in a premium pocket with city views and strong schooling catchment is a low-supply segment, and the auction format on 30 May suggests motivated vendor timing. For buyers who can accept the vertical layout and limited outdoor space, this property offers a turnkey entry into Ivanhoe’s prestige market with minimal immediate maintenance or renovation risk.