141 Greythorn Road, Balwyn North VIC 3104

Abundant scope for an astute investor or visionary developer exists within this tremendously located property that sits just a few steps from Greythorn Primary School and buses, and only a short walk from Balwyn East Kindergarten and the Balwyn East shopping strip. There is fantastic potential to maximise your rental return with dual leases thanks to having two existing separate dwellings already on the property. Alternatively, utilise the 800sqm approximately of prime elevated land with a 16.9m frontage to develop ultra-modern townhouses or create an impressive designer home with potential for panoramic city views from a second story (development subject to council approval). The two existing dwellings are both presentable and comfortable - featuring 3 bedrooms, kitchen, bathroom, laundry, ducted heating, air-conditioning and a large family/dining room in the front house, and a self-contained flat at the rear with 1 bedroom, study, kitchen, bathroom/laundry, heating, air-conditioning and a living area with timber floorboards. Also benefits from having a secure single garage and a long drive that provides additional off-street parking for 2-3 cars.