Thumbnail 1
Thumbnail 2
Thumbnail 3
Thumbnail 4
Thumbnail 5
Thumbnail 6
Thumbnail 7
Thumbnail 8
Thumbnail 9
Thumbnail 10
Thumbnail 11
Thumbnail 12
Thumbnail 13
Thumbnail 14
Thumbnail 15
Thumbnail 16
Thumbnail 17
Thumbnail 18
Thumbnail 19
Thumbnail 20
Thumbnail 21
Thumbnail 22

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

3946 Murray Valley Highway, Killara VIC 3691

$489,990

House 2 Beds 1 Bath 4 Cars 724 m²
Listed: 29th Jul 2026
Updated: 2 days ago
Overview

This charming weatherboard cottage located at 3946 Murray Valley Highway, Killara, offers a delightful blend of classic character and versatile potential. Nestled on a substantial 724 square meter allotment with mixed zoning (subject to council approval), the property not only serves as a comfortable two-bedroom home but also provides unique opportunities for future development or business use.

Inside, the home is characterized by warm timber floorboards which enhance the inviting atmosphere. The spacious formal lounge forms the focal point of the residence, equipped with a large reverse-cycle air conditioner and a wood combustion heater, ensuring comfort throughout the changing seasons. This feature creates a relaxed and cozy environment ideal for everyday living or entertaining guests.

The kitchen supports functional and social living, featuring a breakfast bar and ample storage, allowing for efficient meal preparation and casual dining. Both generous bedrooms, including an oversized master with its own reverse-cycle air conditioning, are complemented by a beautifully renovated bathroom, balancing style with practicality.

Outside, the property accommodates a double carport along with two additional off-street parking spaces, suitable for vehicles, trailers, or visitors, enhancing convenience. The deck offers scenic views, adding to the appeal for those who appreciate outdoor living and entertaining.

Currently leased on a periodic tenancy at $1,912 per month, the property produces immediate rental income, making it attractive to investors. The flexible zoning and the home's features cater to business owners and buyers who value future adaptability, whether for residential use or establishing a business.

  • Charming cottage-style street appeal
  • Mixed zoning providing future flexibility subject to council approval
  • Generous 724 sqm allotment
  • Immediate rental income with current lease
  • Two spacious bedrooms with modern comforts
  • Renovated bathroom with accessible design
  • Comfortable formal lounge with heating and cooling
  • Modern, functional kitchen with breakfast bar
  • Timber floorboards throughout enhancing character
  • Durable weatherboard construction on timber stumps
  • Double carport plus additional off-street parking
  • Inviting outside deck offering scenic outlooks

This property is well-suited to investors seeking a rental with growth prospects, business owners looking for operational flexibility, and homeowners desiring a character-filled residence enriched with potential. Its location and zoning create a canvas for a variety of future plans in a highly accessible area.

Local Market Insights

In Killara, Quiet Listings observed 16 new houses entering the market over the last 30 days, down from 23 during the previous 30-day period, with an average advertised asking price of $1,137,813. The property type mix of listed properties is predominantly Houses at 84%, followed by land (11%), and acreages (5%). The most active agency for houses in the Killara area is currently Elders Real Estate, representing 50% of new listings, followed by PJ Murphy Real Estate with 19%. 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.

Change History
  • $489,990
  • $499,990
  • $515,995
  • $539,992
  • Contact Agent
  • $579,000
Open for Inspections

Upcoming inspection times scheduled in the next 14 days.

9:30 AM - 9:45 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.

Location
Market Insights for Killara VIC 3691
New Listings (last 30 days)
16
Average price
$1,137,813
Lowest price
$759,000
Highest price
$2,500,000
Other properties in this postcode