1/347 Union Road, Balwyn VIC 3103
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.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/347 Union Road, Balwyn VIC 3103
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Balwyn is a premium, family-centric suburb in Melbourne’s inner east, underpinned by its renowned school catchments and established infrastructure. Demand is dominated by owner-occupier families seeking larger homes, sustaining consistent sales activity. Recent price trends for houses have softened, with a modestly extended selling period, while the unit market shows mixed performance. Future growth is tied to its enduring appeal to families, though high price points present an affordability constraint and the market remains sensitive to broader economic conditions.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
173m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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