22 Alpha Street, Balwyn North VIC 3104

4 beds, 3 baths, park-adjacent | Greythorn Park frontage | dual-living layout | near Balwyn High zone The property’s adjacency to Greythorn Park offers a rare open-space buffer in a tightly held suburb, while the ground-floor bedroom and formal lounge create genuine multi-generational or guest accommodation without compromise. The 359m² block with 37% building coverage leaves usable garden space, and the turn-key condition removes renovation risk for families prioritising immediate occupancy. The configuration serves buyers who need separation between generations or home-office flexibility within a single dwelling. The main risk is the listing price sitting below Domain’s mid-estimate, which may indicate a need for competitive bidding or that the property has a less premium internal specification than nearby comparables. The 2.09% rental yield is low, so this is best suited to owner-occupiers rather than investors. The Balwyn High School zone and Greythorn Primary proximity are demand anchors, but buyers should verify current zoning boundaries directly.