13 Kerry Parade, Balwyn VIC 3103

5-bed family home | 744sqm near Mont Albert Primary | 3 living zones | auction 30 May This property presents a rare configuration advantage in Balwyn: a five-bedroom home on a full 744sqm allotment within walking distance of Mont Albert Primary and Belmore Road village. The three distinct living zones and separate study give it genuine versatility for a growing family, while the discrepancy between the current five-bedroom listing and the historical three-bedroom record suggests significant renovation has been completed since 2015. For buyers seeking a move-in-ready home with long-term land value in a strong auction market — the Victorian clearance rate sits at 75% — this property offers a competitive entry point below the suburb’s $2.9m median. The primary risk is the bedroom count discrepancy: if the additional bedrooms were created through unapproved conversions, the buyer may face compliance costs or reduced resale appeal. The Domain estimate at $2.36m sits below the price guide, indicating possible overpricing relative to comparable sales. However, the pre-sale building and pest report reduces inspection risk, and the land size alone provides a floor for future value. For a family intending to hold for at least five years, this property should be purchased with a valuation condition and a clear understanding of the renovation history.