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10 Heather Street, Balwyn North$2.80m

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10 Heather Street

Balwyn North, VIC 3104, Australia

$2.70m – $2.90m

978 m²

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Listing description

About this property

Set within a quiet, tree-lined pocket of Balwyn North and positioned within the coveted Balwyn High School zone, this exceptional allotment presents a rare and ready-made opportunity. Cleared and unobstructed, the site offers immediate scope to build, with approved plans and permits already in place for three architecturally designed luxury residences, meaning you can move straight into delivery with confidence. Equally, the flexibility exists to create a single, bespoke family home (STCA), capitalising on the generous land size and premium location. Surrounded by established homes and a strong family community, the setting is complemented by proximity to leading schools, parklands, cafés and transport. Whether you are a developer seeking a streamlined project or a family looking to build your dream home, this is an opportunity defined by clarity, quality and location.

Property Details

Property Type: land
Listing Type: For Sale
Land Area: 978 m²
Listed: 2 months ago

Repayment calculator

$13,574/month

$6,787 /fortnight

Loan $2,240,000 at 6.10% over 30 years

Upfront costs

Deposit$560,000

Stamp duty$162,000

Conveyancing (est.)$2,000

Total upfront$724,000

Verify with VIC revenue office →

Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Balwyn North

This land in Balwyn North, VIC 3104 sits within reach of public transport, local shops and nearby schools. It is listed 15% above the $2.42m median of 56 comparable landswithin 5 km.

Schools near Balwyn North

Balwyn North Primary Schoolprimary · Prep-6 · CoEd
Belle Vue Primary Schoolprimary · Prep-6 · CoEd
Boroondara Park Primary Schoolprimary · Prep-6 · CoEd
Greythorn Primary Schoolprimary · Prep-6 · CoEd
St Bede's Schoolprimary · Prep-6 · CoEd
Balwyn High Schoolsecondary · 7-12 · CoEd

What's nearby

Stop 51: Balwyn Road (tram) — 864 m away
Boroondara Eye Care — 1.5 km away
Leigh Park — 1.3 km away
Unnamed — 1.8 km away
Unnamed — 1.8 km away

Balwyn North at a glance

Full suburb profile

Population: 21,302
Median age: 42
Household income: $2,346/wk
Median rent: $554/wk
Median mortgage: $3,078/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Balwyn North is experiencing moderate residential intensification driven by its proximity to employment corridors, Balwyn station accessibility, and Boroondara Council's incremental urban renewal strategy. Development activity is primarily infill residential (townhouses, multi-unit apartments) and small mixed-use projects along major transport corridors, with supporting infrastructure upgrades. Growth remains constrained by heritage overlays, neighbourhood character policies, and the predominance of established single-family housing stock.

Nearby projects

Closest

0.3 km

Station Precinct Intensification (Balwyn Station Area)

Distance from this property is exact (rings = km). Direction is illustrative.

Station Precinct Intensification (Balwyn Station Area)

0.3 km

Residential subdivisionProposed

Transit-oriented development around Balwyn station with townhouses and apartments to increase housing diversity.

300 m

Balwyn North Mixed-Use Development (Whitehorse Road Precinct)

0.5 km

Mixed-useProposed

Medium-density residential with ground-floor retail along Whitehorse Road corridor, part of incremental urban renewal in Boroondara.

500 m

Residential Infill Projects (Various Streets)

0.5 km

Residential subdivisionUnder construction

Scattered infill townhouses and dual-occupancy developments on standard suburban blocks across the locality.

500 m

Residential Multi-Unit Development (Mont Albert Road)

0.8 km

Apartment buildingApproved

3-4 storey apartment building with 15-25 units on underutilised site near shopping precinct.

800 m

Balwyn High School Precinct Upgrade

1.2 km

InfrastructureUnder construction

Education facility upgrades and grounds redevelopment as part of Victorian Government school infrastructure program.

1.2 km

Source: StMate AI — VIC development trends06/05/2026

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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