A Rare and Remarkable Investment Opportunity

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Location

Market Insights for Glen Waverley VIC 3150

New Listings (last 30 days)

Average price

$1,822,286

Lowest price

$800,000

Highest price

$4,250,000

151-153 Springvale Road, Glen Waverley VIC 3150

$3,100,000 - $3,300,000

Search Band

$3.1M - $3.26M Transparent Based on an openly advertised listing price.

House 16 beds 11 baths 14 cars 1417 m²

Listed: 23rd Jul 2026

Updated: yesterday

Overview

This unique investment opportunity offers a substantial 1,417sqm landholding on a single title within one of Glen Waverley's most sought-after and consistently high-performing areas. Located inside the highly desirable Glen Waverley Secondary College catchment, the property represents a premium land value proposition with significant prospective growth potential.

The generous size of the block, prominent exposure to a main road, and attractive school zoning combine to offer exceptional future redevelopment possibilities (subject to council approval) or the creation of a prestigious residential residence. While the property clearly lends itself to a land-bank strategy, it is currently an income-producing asset, providing investors with a strong cash flow during the holding period.

This opportunity will appeal to astute investors, developers, and land bankers looking for a high-yielding asset and an advantageous gateway into a prized location. The existing improvements on the site are large and flexible, supporting immediate rental income, whilst the superior location within easy walking distance of Glen Shopping Centre provides additional lifestyle benefits.

Prime 1,417sqm land parcel on a single title in a tightly held locality
Positioned within the Glen Waverley Secondary College zone – a hallmark of enduring demand
Strong income generation offering a high-yield investment opportunity
Versatile existing buildings ensuring immediate cash flow
Exceptional prospects for redevelopment or luxury residential projects (STCA)
Close proximity to Glen Shopping Centre enhancing convenience and amenity
Potential for multiple unit redevelopment (subject to council approval)
Opportunity to convert for business uses such as rooming house or medical centre (subject to council approval)

Local Market Insights

In Glen Waverley, Quiet Listings observed 63 new houses entering the market over the last 30 days, up from 58 during the previous 30-day period, with an average advertised asking price of $1,822,286. The property type mix of listed properties is predominantly Houses at 73%, followed by townhouses (13%), and units (11%). The most active agency for houses in the Glen Waverley area is currently Jellis Craig, representing 33% of new listings, followed by Ray White with 29%. 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.

Open for Inspections

Upcoming inspection times scheduled in the next 14 days.

Saturday, 10 October 2026

10:45 AM - 11:15 AM AEDT

This property has had 9 previous open for inspections. Schedules can change at late notice, please confirm times with the selling agent before attending an open home.