5/198 Belmore Road, Balwyn VIC 3103
5/198 Belmore Road, Balwyn VIC 3103
Spacious 4-bed townhouse in premium Balwyn | recently renovated comparable in the complex | elevated position with generous floorplan | strong demand corridor in blue-chip suburb
This property offers a compelling entry point into Balwyn’s tightly held townhouse market. The four-bedroom three-bathroom configuration with dual parking is rare in this price bracket, and the unit sits within a well-established complex on a prime arterial road. For buyers seeking space without a full house commitment, this townhouse provides the floorplan depth that typically commands a premium in the area. The recent sale of unit 4 at $1.72m reinforces a stable pricing floor, suggesting limited downside risk for a buyer who negotiates carefully.
The main consideration is the absence of direct sales history for unit 5 itself, meaning the valuation range is necessarily drawn from comparable units. The building’s age and multi-unit configuration may limit capital growth relative to standalone houses, though Balwyn’s enduring demand from families and upgraders provides consistent buyer depth. For a purchaser willing to invest in cosmetic updates, there is potential to lift the property’s position within the complex’s price hierarchy. The lack of bushfire risk and the council’s strong reputation add to the property’s fundamental soundness.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/198 Belmore Road, Balwyn VIC 3103
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Balwyn is a premium, family-centric suburb in Melbourne’s inner east, underpinned by its renowned school catchments and established infrastructure. Demand is dominated by owner-occupier families seeking larger homes, sustaining consistent sales activity. Recent price trends for houses have softened, with a modestly extended selling period, while the unit market shows mixed performance. Future growth is tied to its enduring appeal to families, though high price points present an affordability constraint and the market remains sensitive to broader economic conditions.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
208m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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