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Overview
This property presents an exceptional development opportunity in Glen Waverley, offering a large allotment of approximately 1140 square meters. The site is framed by parkside trees providing privacy and stunning views, a feature that enhances its appeal for residential development or substantial lifestyle use.
The current property is a house with three bedrooms set on this expansive block. The home includes a spacious kitchen with adjoining meals area, suitable for family living and entertaining. The bathroom is centrally located, complemented by a separate toilet to meet family needs.
The living area is generously sized, allowing for comfortable family activities and relaxation. Furthermore, the property offers the potential for multi-development, subject to council approval, making it attractive for builders and developers looking to capitalize on an up-and-coming suburb.
Currently leased, the property generates a rental income of $2,173 per calendar month, with the option for the new owner to move in or continue the lease arrangement. This factor adds investment flexibility to the offering.
Strategically positioned, the home affords outstanding views over leafy landscapes from multiple vantage points and is conveniently located backing onto Scotchmans Creek with scenic bicycle and walking tracks right at the doorstep. Despite its tranquil, country-like atmosphere, the property is only a short 20-minute drive to Melbourne's CBD via the Monash Freeway.
Local amenities include Valley Reserve with a children’s adventure playground, Pinewood Shopping Village, The Glen Shopping Centre, various cafes and restaurants, and Syndal shops and train station. The area is also serviced by excellent public and private schools, making it ideal for families.
This is a rare chance to purchase a significant development site in a prime location with both lifestyle and investment appeal. The property’s dimensions, location, and potential make it an exceptional offering for the discerning buyer or developer.
Prospective buyers are advised to review the due diligence checklist available through the consumer affairs Victoria website. All dimensions and descriptions provided are approximate and intended for illustrative purposes; buyers should conduct their own enquiries to confirm details.
Please note that inspection times and property availability are subject to change and should be confirmed on the day of inspection.
Local Market Insights
In Glen Waverley, Quiet Listings observed 50 new houses entering the market over the last 30 days, up from 48 during the previous 30-day period, with an average advertised asking price of $1,977,980. The property type mix of listed properties is predominantly Houses at 70%, followed by units (11%), and townhouses (11%). Jellis Craig was the most active agency in this area, representing 31.5% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Glen Waverley VIC 3150
Market Insights for Glen Waverley VIC 3150
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
