32 Yarrbat Ave, Balwyn is a 5 bedroom, 2 bathroom House. The property has a land size of 1120m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 5 bedroom House sold in Balwyn in the last 12 months.
At a glance
* Huge c1,120sqm allotment, free from any heritage overlay
* Prized address, offered for sale for the first time in 30 years
Abode
The enormous 1,120 sqm approx. allotment that currently surrounds these two, adjoining three bedroom period units creates an unprecedented opportunity to pursue development potential, STCA, on one of Balwyns most prestigious streets. Balwyn High School zoning and sought after proximity to Maranoa Botanic Gardens, Balwyn Village shopping, Whitehorse Road tram routes and several other leading schools complement the option to dream design and deliver superb contemporary residences that suggest scope for upstairs views of the CBD skyline. The classic current units hardwood floorboards, high ceilings and traditional character evoke their original era on a site thats now so clearly all about the future.
Area
The street, the immediate surroundings and the wider setting each contribute to the desirability of this genuine once in a generation opportunity on a site that offers attractions in every direction.
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 19.26% increase in median value, while Units have seen a 11.00% increase. As at 30 November 2025:
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