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Overview
This dual-frontage property, enhanced by comprehensive development plans, presents a rare opportunity within Malvern's prized precinct. The existing classic two-storey home offers four generous bedrooms and two well-appointed bathrooms across multiple versatile living zones, complemented by an open kitchen and dining area, creating a balanced and functional family environment.
Designed by renowned architectural firm Architecton, the approved Mixed Use zoning (MUZ) unlocks diverse possibilities, blending commercial and residential elements. The development concepts propose a five-storey structure featuring commercial spaces at the base, rising to four full-floor apartments, making it attractive for investors and developers seeking to capitalize on this vibrant location.
Currently, the property also has the flexibility to generate rental income, with a well-maintained backyard planned for transformation into eight parking spaces equipped with EV charging facilities. The wide rear lane access further enhances potential uses — from medical practice parking (subject to council approval) to a luxurious renovation for residential living.
Positioned to benefit from excellent transport connections including trams, Tooronga Station, and direct access to the Monash Freeway, this site is also within walking distance of bustling commercial strips such as Malvern Road, Glenferrie Road, and High Street, renowned for their cafes, dining, nightlife, and eclectic shopping experiences. Proximity to elite schools including Lauriston, Loreto, De La Salle, Korowa, Sacre Coeur, and Caulfield Grammar makes this property especially relevant for families and education-oriented buyers.
- Flexible dwelling with strong residential and commercial development upside
- Multiple living zones promoting adaptive lifestyle options
- Significant backyard space with approved parking and EV infrastructure plans
- Excellent transport and freeway access advantageous for commuting professionals
- Within an educational precinct serving some of Melbourne's top private schools
This property suits a variety of purchasers, including developers, investors considering leasing, or families seeking a sophisticated home in a well-connected and vibrant community setting.
Local Market Insights
In Malvern, Quiet Listings observed 9 new houses entering the market over the last 30 days, down from 15 during the previous 30-day period, with an average advertised asking price of $3,686,111. The property type mix of listed properties is predominantly Apartments at 48%, followed by houses (43%), and land (5%). The most active agency for houses in the Malvern area is currently Jellis Craig, representing 33% of new listings, followed by Marshall White with 22%. 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
Market Insights for Malvern VIC 3144
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