29 Nevada Street, Balwyn North VIC 3104

Dual occupancy on single title | Balwyn High zone | 703m² with 51% site coverage | Two separate dwellings with garages This property presents a rare configuration in Balwyn North: two self-contained units on one title, each with two bedrooms, one bathroom, and a garage. For a buyer seeking dual income potential or multigenerational living, the existing layout removes the cost and delay of subdivision or development. The 703m² lot at 51% site coverage leaves limited expansion room but confirms the current structures are well-proportioned. Being zoned for Balwyn High School and Boroondara Park Primary School adds enduring demand from family buyers, while the absence of bushfire, flood, or heritage overlays reduces due diligence friction. This property suits an investor prioritising rental yield from two separate tenancies or a family wanting a main residence plus a separate dwelling for relatives. The primary risk is the single-title structure, which limits separate sale of each unit and may constrain exit options if the market shifts. Buyers should confirm financing terms for dual-occupancy properties, as some lenders treat them less favourably than standard houses. The 2000 purchase date suggests low cost base for the vendor, but the current $2.15 million asking sits near the upper end of individual unit valuations when combined. Opportunity lies in holding both units as a single income-producing property, with the school zone supporting consistent tenant demand. Solar panels and air conditioning reduce holding costs modestly. Hold as a dual-income residential investment or family compound, and revisit subdivision potential only if council policy changes.