2/2B Threadneedle Street, Balwyn, VIC 3103 | Property Value & History | OnTheHouse
OFF MARKET

2/2B Threadneedle Street
Balwyn VIC 3103

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
Floor area: 80m2
Land area: 1012m2
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Property Details for 2/2b Threadneedle St, Balwyn

2/2b Threadneedle St, Balwyn is a 4 bedroom, 2 bathroom Unit with 3 parking spaces and was built in 1970. The property has a land size of 1012m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in August 2016.

Building Type
Unit
Year Built
1970
Floor Size
80m2
Land Size
1012m2
Local Government
Boroondara
Lot/Plan
4/PS528217

Last Listing description (May 2024)

Quietly situated in the sought-after suburb of Balwyn, the distinctive dual-unit residence
presents a unique investment opportunity set against a backdrop of a lush, tree-lined street. This property not only promises the security and permanence of a bricks and mortar investment but also comes with a substantial land component, adding to its long-term value.

Unit 2, on the first floor, exudes comfort and light, featuring two bedrooms that bask in the glow of the northern sun. This apartment extends into a living and dining area that spills out onto a balcony, offering expansive views and a seamless indoor-outdoor living experience. The open-plan kitchen is a testament to practical design, while the inclusion of a carport and extra parking space adds layers of convenience.

Unit 1 is equally enticing with its ground-floor position, offering two spacious bedrooms, a modern bathroom, and an updated kitchen. The lounge and dining area present a sun-filled space for relaxation or entertaining, with outlooks onto the serene streetscape. A separate driveway leads to a double carport, complemented by a secure courtyard, ensuring privacy and ease for its residents.

The location is a true highlight, with the home being moments away from Beckett Park, the 109 tram line, and a charming village shopping strip. The Balwyn Library, Mont Albert Park, and the Eastern Freeway are also within close proximity, providing everything needed for a convenient lifestyle.

For investors, this property offers a tantalising proposition with terrific income potential. The availability of both units creates an attractive package for a self-managed super fund, offering a robust investment that leverages the area's high tenant demand. Furthermore, the significant land holding affords the possibility to craft a bespoke redevelopment into a luxurious new residence (STCA), offering a vision for future growth and prosperity.

This Balwyn gem, with its combination of location, lifestyle, and investment appeal, is perfect for those looking to secure a place within a coveted community, ensuring a lucrative venture in one of Melbourne's most desirable suburbs.

Property History for 2/2b Threadneedle St, Balwyn, VIC 3103

A timeline of how this property has performed in the market
Last Sold
$620,000
27 Aug 2016
Listed for Rent
$400/w
24 Apr 2023
  • 25 Mar 2024
    Listed for Sale Expression of Interest closing on 7th May at 5pm
  • 20 Apr 2023
    Listed for Rent $400 / week
  • 08 Feb 2019
    Listed for Rent - Price not available
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About Balwyn 3103

The size of Balwyn is approximately 4.4 square kilometres. It has 19 parks covering nearly 5.0% of total area. The population of Balwyn in 2016 was 13312 people. By 2021 the population was 13495 showing a population growth of 1.4% in the area during that time. The predominant age group in Balwyn is 10-19 years. Households in Balwyn are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balwyn work in a professional occupation.In 2021, 69.30% of the homes in Balwyn were owner-occupied compared with 71.20% in 2016.

Balwyn has 7,490 properties. Over the last 5 years, Houses in Balwyn have seen a 14.79% increase in median value, while Units have seen a 9.52% increase. As at 28 February 2026:

  • The median value for Houses in Balwyn is $2,796,100 while the median value for Units is $901,568.
  • Houses have a median rent of $950 while Units have a median rent of $600.
There are currently 21 properties listed for sale, and 5 properties listed for rent in Balwyn on OnTheHouse. According to Cotality's data, 343 properties were sold in the past 12 months in Balwyn.

Suburb Insights for Balwyn 3103

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.