1/347 Union Road, Balwyn VIC 3103

Stylish townhouse in prime Balwyn pocket | Low-maintenance modern layout | Multiple living zones on 174sqm | Strong rental yield potential This townhouse offers a rare combination of modern configuration and location efficiency within Balwyn’s tightly held market. The four-bedroom, two-bathroom layout with two living zones and a master suite on ground level gives it genuine versatility for downsizers, young families, or investors seeking low-maintenance exposure to a premium suburb. The 174sqm block is compact but well-utilised, and the double garage with internal access adds practical appeal in a neighbourhood where off-street parking is valued. The asking price sits comfortably within the Domain mid-range estimate, suggesting no obvious overreach relative to current market sentiment. The primary risk lies in the property’s limited land component, which constrains future capital growth relative to larger allotments in the area. Buyers should also note the absence of heritage or flood overlays is neutral but does not guarantee development upside. The opportunity, however, is in the property’s rental yield—estimated above $1,060 per week—which makes it viable for investors seeking immediate cash flow while holding in a long-term growth corridor. The Greythorn Primary School catchment and proximity to trams and parklands further underpin demand from professional families. This is a practical buy, not a speculative one, and suits those prioritising lifestyle efficiency over land banking.