648 Warrigal Road, Malvern East VIC 3145

Situated on an expansive landholding of approximately 1,044 square metres in Malvern East, this property offers extensive potential for multiple buyers including occupiers, investors, and developers. The significant land size, combined with the Residential Growth Zone (RGZ) status, opens the door to a variety of development options, including the possibility of constructing up to 16 apartments or townhouses, subject to council approval, providing flexibility for future planning.

The current existing residence on the site provides comfortable family accommodation with four bedrooms, a versatile additional rumpus or retreat, a single central bathroom, and a practical kitchen with ample storage. The bright living and dining area is inviting and offers a liveable space that can also be upgraded or renovated to add value, catering to those wanting immediate occupancy or investment income.

Complementing the home are beautifully spacious front and rear gardens, a double garage, and extra off-street parking, highlighting the generous proportions and enhancing the outdoor lifestyle appeal. The property currently generates rental income, making it suitable for investors seeking an income stream while considering long-term development.

The location contributes significantly to the property’s appeal, with convenient proximity to public transport including Holmesglen Train Station and bus stops, educational facilities like Holmesglen TAFE, and key retail amenities directly opposite such as Harvey Norman, Officeworks, and Coles. Additionally, it is within easy reach of Chadstone Shopping Centre and Monash Freeway access, providing excellent connectivity.

• Approximately 400 metres to Holmesglen Train Station and TAFE.
• Close to major retail outlets and supermarkets across the road.
• Direct bus access outside the doorstep.
• Convenient freeway access within 700 metres.
• Zoned for reputable local schools including Malvern Valley Primary and Ashwood High School.

This property represents a prime address combining immediate rental returns, lifestyle benefits, and noteworthy future development prospects in one of Malvern East’s sought-after precincts.