296 Union Road, Balwyn, VIC 3103 | Property Value & History | OnTheHouse
 
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296 Union Road
Balwyn VIC 3103

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Land area: 995m2
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Last updated 12 Jan 2026
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Property Details for 296 Union Rd, Balwyn

296 Union Rd, Balwyn is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 995m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
House
Land Size
995m2
Local Government
Boroondara
Lot/Plan
1/PS348732

Last Listing description (September 2024)

Developers and new home builders will want to snap up this rare and sought-after opportunity to acquire a magnificent, wide allotment of 996sqm approx. opposite Mont Albert Park and on the corner of Yarrbat Avenue, arguably one of Balwyn's finest streets. Renovate the existing 1920s family residence and restore the home to is former glory; reap the rewards of plans and permits by developing the two approved luxurious town homes or construct a lavish family residence (STCA) capitalizing on second level tree-top views to the Dandenong Ranges in this highly regarded area, amongst many high quality homes underpinning the excellent prospects for future capital gains.

Further enhanced by a coveted location just a few minutes from Balwyn Plaza shops, the Whitehorse Road shopping precinct or Westfield Doncaster - all offering a range of shopping and dining options. Whilst the many parks including Becket, Greythorn and the Gordon Barnard Reserve or the Boroondara Sports Complex all provide a range of family recreation pursuits and numerous excellent schools, including Mont Albert Primary are close by. Plus public transport options and quick access to the Eastern Freeway for travel to the CBD, Yarra Valley or the Mornington Peninsula.

Land size: 996sqm approx.

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Property History for 296 Union Rd, Balwyn, VIC 3103

A timeline of how this property has performed in the market
Last Sold
$2,288,000
17 Sep 2024
  • 17 Sep 2024
    Sold for $2,288,000
  • 06 Aug 2024
    Listed for Sale NEW PRICE - $2,350,000
  • 01 May 2020
    Listed for Sale Not Disclosed
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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 7,483 properties. Over the last 5 years, Houses in Balwyn have seen a 19.50% increase in median value, while Units have seen a 6.48% increase. As at 31 December 2025:

  • The median value for Houses in Balwyn is $2,841,737 while the median value for Units is $876,360.
  • Houses have a median rent of $950 while Units have a median rent of $600.
There are currently 16 properties listed for sale, and 10 properties listed for rent in Balwyn on OnTheHouse. According to Cotality's data, 333 properties were sold in the past 12 months in Balwyn.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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