Balwyn 15 Threadneedle Street
Highly Attractive Investment Opportunity
Quietly located in a beautiful tree lined street, this unique property offers astute investors a terrific income opportunity combined with the security of a bricks and mortar investment and a land component of 756 sq m approximately.
Configured as 3 individual one bedroom apartments, sharing only a common entrance foyer, the property benefits from high quality contemporary renovations in recent years and quality fixtures and fittings throughout.
Currently operating as a licensed rooming house with all the required registrations and permits, the current gross rental yield is in excess of $60,000 per annum. providing a terrific income stream as well as growth potential in the future.
Others may be attracted to the superb northerly rear aspect, the quiet rear location with a private driveway, and potential to rebuild or further develop (STCA) now or in the future.
Whichever way you look at it, a quality investment in a first class location, providing easy access to the 109 Tram in Whitehorse Road, the new station being built in Surrey Hills, a selection of local cafes, restaurants, specialty shops and supermarkets, hospitals, Box Hill Central, sought after schools and much more.
Unique property on 756 sq m approx. Currently a licenced rooming house with gross rental yield in excess of $60,000 Configured as three individual one bedroom apartments Superb north-facing rear Potential to rebuild or further develop (STCA) Near the 109 tram, the new Surrey Hills train station and sought-after schools
Terms: 10% deposit, balance 60 days subject to leasing arrangements
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Property Information
- Land area approx 756sqm
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Property Features
- Carports 1
- Uncovered Carspaces 2
Nearest Schools
- In Catchment Area
- Independent Schools*
Primary School
- Mont Albert Primary School
Secondary School
- Box Hill Senior Secondary College
- Koonung Secondary College
Combined
- Fintona Girls' School
- Strathcona Baptist Girls' Grammar
- Camberwell Grammar School
- Kingswood College
- Camberwell Girls Grammar School
- Genazzano FCJ College
- Preshil, The Margaret Lyttle Memorial School
- Presbyterian Ladies' College
- Mount Scopus Memorial College
- Carey Baptist Grammar School
- Ruyton Girls' School
Primary
- Our Holy Redeemer School
- St Bridget's School
- Our Lady of Perpetual Succour School
- St Francis Xavier's School
- Our Lady of Good Counsel School
- St Bede's School
- St Dominic's School
- St Gregory the Great School
- St Anne's School
- St Clement of Rome School
- St Luke the Evangelist School
- St Scholastica's School
- St Cecilia's School
Secondary
- Siena College Ltd
- Our Lady of Sion College
- Emmaus College - Burwood Campus
- Marcellin College
- SEDA College (Victoria)
Special
- Berengarra School
Fletchers Agents
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Jeremy Desmier Executive Chairman & Auctioneer, BA, CEA (REIV) -
Spring Chen Director & Licensed Estate Agent, CEA (REIV)
Sold
3 3 3
House
Balwyn Area Guide
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Important Information
Fletchers Area Guide Balwyn, VIC 3103
The median house price recorded by the REIV for the June 2023 quarter was $2,990,000. The median unit price recorded by the REIV for the June 2023 quarter was $962,000. Agency of the Year 2019, 2022 and 2023 (Rate My Agent), Fletchers Balwyn North - Winner The gentle undulating topography of Hawthorn and Camberwell gives way to more elevated hills in Balwyn offering progressively improving views towards Kinglake.