48 Nungerner Street, Balwyn VIC 3103
48 Nungerner Street, Balwyn VIC 3103
Large 1940s house on 773 m² | five-bedroom, five-bathroom family layout | Balwyn High catchment | premium land holding in a leafy street
This property stands out for its uncommon combination of size and configuration. A 1940s house with five bedrooms and five bathrooms on a 773 m² allotment is not typical for the area, where many homes are smaller or have been subdivided. The land alone gives it a competitive edge, and the internal area of 263 m² suggests generous living spaces throughout. It sits comfortably at the top end of Balwyn’s family housing stock, appealing most to buyers who want a substantial home in a proven school zone without compromising on outdoor space. The four-car parking is another practical advantage for households with multiple vehicles or those who entertain frequently.
The value picture here is shaped by a few key factors. The 1940s build date means the original fabric may require updating, though the reported configuration suggests it has already been extended or modernised to a high standard. The lack of any overlay restrictions gives future flexibility, and the school catchment is a strong demand driver that should hold value over time. Buyers should weigh the condition of the kitchen, bathrooms, and any extensions against the premium land component, as renovation costs can vary significantly. The north and westerly orientation seen on comparable homes in the street is a positive sign, but it should be confirmed for this specific property before committing.
|| Comparable Sales: 32 Nungerner Street sold $4.075M in Sep 2025; 68 Nungerner Street listed around $5.8M–$6.18M | Property Price Band: $5.8M–$6.2M | Value Drivers: land size, school zone, condition and layout of the house
Detailed Independent Property Report prepared by PropCred Analyst team for 48 Nungerner Street, Balwyn VIC 3103
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Balwyn, in Melbourne’s inner east, remains a family-dominated owner-occupier market, underpinned by strong school catchments and established transport links. Families seeking larger homes drive demand, with properties concentrated in the $2.8 million-plus bracket. Median house prices sit near $2.86–2.9 million, though annual growth has been flat to negative, ranging from -0.97% to -3.7% depending on source. Houses average 44–52 days on market, reflecting softer conditions. Units show a lower median of $765,000–$850,000, with mixed annual growth from -10.67% to +3.4%. Gross rental yields remain thin for houses at 1.84%, while units return around 3.5%. Future demand is supported by ongoing school-driven interest and steady sales volume of 174–218 houses annually. Key constraints are high prices limiting buyer access and noticeable rate sensitivity, evidenced by negative price movement and longer selling times in recent periods.
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PropCred Estimated Value
Comparable Sales: 32 Nungerner Street sold $4.075M in Sep 2025; 68 Nungerner Street listed around $5.8M–$6.18M | Property Price Band: $5.8M–$6.2M | Value Drivers: land size, school zone, condition and layout of the house
Bedrooms
5
Bathroom
5
Parking
4
Land
773m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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