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Overview
Located in a coveted sector of Mount Waverley, this substantial 804sqm rectangular site offers an impressive 18-meter frontage, making it a prime opportunity for redevelopment or luxurious new construction within the Mount Waverley Secondary College Zone. The property's wide frontage and well-proportioned dimensions enable flexible and efficient site planning, supporting optimal orientation and design possibilities for a range of prospective projects.
The existing residence provides practical value with four bedrooms and two bathrooms spread across multiple living spaces, complemented by convenience features such as ducted heating, evaporative cooling, and a side driveway to a double garage. Currently leased, it also generates reliable rental income during any redevelopment planning.
This location is particularly appealing to both investors and owner-occupiers prioritising premium school zoning and access to quality new builds. Residents benefit from proximity to Mount Waverley North Primary and Secondary Colleges, as well as major shopping precincts including Syndal, Burwood One, The Glen, and Mount Waverley Village. Commuters also enjoy easy access to Syndal Station, significant bus routes, EastLink, and the Monash Freeway.
This property combines solid holding income potential with a rare and sought-after redevelopment opportunity within a proven growth corridor, making it a versatile investment in one of Melbourne’s prominent suburb pockets.
Local Market Insights
In Mount Waverley, Quiet Listings observed 48 new houses entering the market over the last 30 days, up from 34 during the previous 30-day period, with an average advertised asking price of $1,778,771. The property type mix of listed properties is predominantly Houses at 67%, followed by townhouses (14%), and units (9%). Jellis Craig was the most active agency in this area, representing 31.2% of all new listings in the last 30 days. 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
Mount Waverley VIC 3149
Market Insights for Mount Waverley VIC 3149
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