10 Heather Street
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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
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Upfront costs
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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
Flood Risk
None
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Flood zone
Land Subject to Inundation Overlay (LSIO) – partial coverage
Balwyn North is a predominantly elevated suburb in Melbourne's inner east with low to moderate flood risk. Limited areas near Mullum Mullum Creek or towards the Yarra River floodplain may fall within LSIO; most of the suburb sits above historical flood levels. Standard VIC flood planning controls apply where overlays are triggered.
Planning controls
- Compliance with VIC planning scheme LSIO requirements for floor levels and fill
- Consideration of Yarra River and Mullum Mullum Creek flood risk in low-lying areas
- Requirement for flood-compatible development design where overlay applies
Suburb market
Suburb price trend
Balwyn North price trend
Median sold · House 4 bed
Compound growth -0.9% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Balwyn North marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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Side-by-side analysis
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