611 Waverley Road, Malvern East VIC 3145

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Location

Market Insights for Malvern East VIC 3145

New Listings (last 30 days)

Average price

$2,590,000

Lowest price

$1,100,000

Highest price

$7,400,000

611 Waverley Road, Malvern East VIC 3145

Expressions Of Interest $1,250,000

Search Band

$1.25M - $1.31M Transparent Based on an openly advertised listing price.

House 3 beds 1 bath 2 cars 857 m²

Listed: 11th Nov 2025

Updated: 6 days ago

Overview

Positioned in a prized location within the heart of Malvern East, this property offers a significant 857 square metres of land, presenting a compelling prospect for both immediate living and future development opportunities, subject to council approval.

The residence itself provides a generous and comfortable living experience, featuring multiple living areas and a practical kitchen which serve the needs of a family or tenants during transitional periods. The three spacious bedrooms and central bathroom create a functional layout that supports everyday life.

A standout feature of this home is its deep, north-facing backyard, offering abundant natural light and expansive garden spaces. This outdoor area is perfect for families seeking safe play areas for children or for those considering stylish landscaping options or redevelopment into a more contemporary family residence or multi-unit project.

Located just moments from Chadstone Shopping Centre and close to Waverley Road's cafes and transit options, the property benefits from excellent access to schools, parklands, Monash University, and major road links like the Monash Freeway, enhancing convenience and connectivity for residents.

Whether the purchase is for long-term residential tenure, rental yield, or redevelopment potential, this property uniquely combines spacious living, premium land size, and a well-established location, encapsulating a versatile investment in Melbourne's sought-after east.

Local Market Insights

In Malvern East, Quiet Listings observed 20 new houses entering the market over the last 30 days, up from 19 during the previous 30-day period, with an average advertised asking price of $2,590,000. The property type mix of listed properties is predominantly Houses at 68%, followed by apartments (16%), and townhouses (6%). The most active agency for houses in the Malvern East area is currently Marshall White, representing 30% of new listings, followed by Jellis Craig with 20%. 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.