4/34 May Street, Deepdene VIC 3103

5-bed townhouse | Balwyn High zone | 1437sqm shared lot | tree-lined prestige street This property presents a rare configuration advantage in a premium school zone. The house-like proportions on a substantial shared lot offer the space and privacy of a standalone home without the land cost premium of a single-title property. For a family prioritising Balwyn High access and proximity to elite private schools, this townhouse competes directly with far more expensive houses in the immediate area. The “as new” build quality and finishes from 2019 reduce immediate maintenance risk, and the tree-lined street positioning reinforces long-term desirability. It serves best a buyer who values school catchment certainty and low-maintenance living in a prestige corridor. The primary risk is the shared lot structure—body corporate fees and governance will apply, and resale comparables are limited to other units in this complex. Buyers should verify sinking fund health and any special levies. The 2019 purchase price of $2.268m provides a clear floor for value assessment; the estimated $2.64m reflects steady appreciation but not speculative gains. For a buyer, this property works as a long-term family hold where school zone access and location quality drive value more than land appreciation. Hold for at least 7 to 10 years to maximise the catchment premium.