25 Burroughs Road Balwyn VIC 3103

5 / 2 / 4 / 753 m²

For Sale

$2,300,000 - $2,500,000

Marshall White

Here you can find what you need to know about 25 Burroughs Road , including how much it's approximately worth, a history of what it has previously sold for and even the estimated weekly rent. You can also view comparable house and unit for sale and sold prices, information about Balwyn, VIC and much more.

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25 Burroughs Road Estimated Value

$2,600,000 - $2,800,000

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Last sold for $2,700,000 on 24 May 2024

Sale Type: Unknown

Mortgage Repayment	$3,061 pw
This calculation is an estimate of weekly mortgage repayments using the estimated property value and a 20% deposit over a 30 year term. The interest rate applied is the average of the big 4 bank's Standard Variable Rates. This tool is only a guide of what your weekly mortgage repayments might be and does not take into account your personal circumstances such as your borrowing power, the lender's home loan product features, the term of any mortgage and does not include all applicable fees and charges that might be applied if you purchase a property. Your actual weekly mortgage repayments may be different. Before acting on this calculation you should seek professional advice.
Estimated Rent	Upgrade to Premium
Gross Cashflow	Upgrade to Premium
Estimated Gross Yield	Unavailable
Natural Hazard Risk	Upgrade to Premium

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Pros & Cons

Things to like

Above market cashflow potential
Cheaper than comparable properties
Low risk of losing value

Things to look out for

Slower growth than market average

Investment Strategy Scores

No Investor Scores available for this property

About this Property

Details

Bedrooms	5
Bathrooms	2
Car Spaces	4
Land Size	753 m²
Floor Area	250 m²
House Type	House: One Storey / Lowset

Council Area	Boroondara
Year Built	1950
Zone	Neighbourhood Residential Zone - Schedule 3
Lot/Plan	17/LP17028 Balwyn VIC
Property Type	House

Property Timeline

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Local Schools

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Neighbourhood

Suburb Insights

Balwyn, VIC 3103

Part of: Boroondara Council

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Balwyn, VIC 3103

Part of: Boroondara Council No data available

The size of Balwyn is approximately 4.4 square kilometres. It has 19 parks covering nearly 5% of total area. The population of Balwyn in 2011 was 12,943 people. By 2016 the population was 13,321 showing a population growth of 2.9% 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 2011, 72.9% of the homes in Balwyn were owner-occupied compared with 71.2% in 2016. (source: Australian Bureau of Statistics)

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Balwyn, VIC 3103

Part of: Boroondara Council No data available

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11 km

Distance from Melbourne CBD

13k

Population

5 year population change

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Balwyn for Houses in last 12 months

Last 12 months in Balwyn VIC 3103 View Suburb Profile

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$2.8M Median Value
172 Properties sold
$980pw Median Rent
1.9% Median Gross Yield
29 Average Days on Market
-8.8% Average Vendor Discount
-2.0% Median Sale Price Change (1yr)

There have been 172 Houses sold in Balwyn in the past 12 months with a median sale price of $2.9M, down 2.0% annually. It takes on average 29 days to sell with vendor discounting of -8.8%.

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Currency

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Natural Hazard Risk

Any hazard data or information is generated from a mathematical model using available statistical and property data and must not be relied upon as an accurate forecast of property hazard risk (Hazard Data). Hazard Data is indicative only and not intended to replace obtaining specific professional advice in relation to such information. Any Hazard Data does not take into account all matters that may be relevant for determining relevant hazards, and the recipient acknowledges and accepts:

it is not based on any site-specific geological or engineering investigation at the relevant property;
the Hazard Data is not a geological or engineering report for a property and does not replace the need for a site inspection in relation to issues relating to geological, foundation, or other hazard-related conditions at the relevant property; and
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Risk Rating Definitions

The following Risk Ratings are generated from a mathematical model using available statistical and property data and must not be relied upon as an accurate forecast of coastal erosion risk:

Very High Risk : Risk of gradual coastal erosion reaching dwelling within 30 years and/or very high risk of significant storm surge impact.
High Risk : Risk of gradual coastal erosion reaching dwelling within 60 years and/or high risk of significant storm surge impact.
Medium Risk : Risk of gradual coastal erosion reaching dwelling within 120 years and/or medium risk of significant storm surge impact.
Low Risk : Risk of gradual coastal erosion reaching dwelling within 240 years and/or low risk of significant storm surge impact.
No Risk : Gradual coastal erosion likely to reach dwelling in more than 240 years OR no rate of retreat (stable coastline) and distance from coast and/or elevation above maximum expected storm surge height.

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