18 Reid Street
Balwyn

Developers or new home buyers will want to snap up this rare and sought-after opportunity to acquire this magnificent allotment of 1,055sqm approx. enhanced by a coveted location in one of Melbourne's most prestigious leafy residential precincts, the Reid Estate environs. With easy access to some of Melbourne's finest schools, Deepdene or Whitehorse Road shopping and cafes, Balwyn Cinema, recreational facilities including the Old Outer Circle or Anniversary trails, parklands and public transport are all close by. This prominent and expansive site is perfect for the construction of a luxurious new two-storey home of stately proportions, multi town residences or alternatively a full renovation (STCA). Delivering exceptional capital gains prospects in this highly regarded and prized area - underpinning its excellent value and future potential.

The property is currently occupied by an attic style brick home c1927 in comfortable condition requiring considerable restoration and modernization. Introduced by a circular driveway and leafy garden the interior features period styling, decorative ceilings and is currently configured to provide a wide entrance hall opening to a downstairs bedroom with ensuite, formal sitting room with OFP and adjacent dining, modern central kitchen, two studies or one plus a 5th bedroom, laundry/bathroom plus a generous informal living room designed to capture northern sunlight opening to a deck overlooking a large garden and pool. Whilst there are a further three upstairs bedrooms, one with ensuite and a period-style bathroom. Other features include ducted heating, rain water tanks, double garage/storage and off-street parking.

Land size: 1,055sqm/11,352sqft approx.