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493 Waverley Road, Malvern East VIC 3145

$1,200,000 - $1,300,000

Search Band

$1.2M - $1.3M High Confidence Calculated based on strong search observations.

House 3 beds 2 baths 4 cars 759 m²

Listed: yesterday

Overview

This timeless residence at 493 Waverley Road, Malvern East presents a rare opportunity to embrace both classic charm and untapped potential. Set on a generous 759-square-metre block, the solid brick facade and enduring period character invite renovation and personal transformation, making it an ideal canvas for those aiming to reimagine a home to their own taste.

Inside, the layout is spacious and practical, featuring well-proportioned interiors enhanced by warm timber floors that add to the property's inviting atmosphere. The living room provides a welcoming space for relaxation, while the separate kitchen stands ready for modernisation – a wonderful chance to create a culinary hub that matches contemporary lifestyles.

Accommodation includes three comfortably sized bedrooms alongside a centrally located bathroom that retains its retro styling, offering a nostalgic touch. Large windows throughout ensure plentiful natural light and leafy views, enhancing comfort and connection to the established surroundings. The inclusion of a lock-up garage and rear access via a right of way further boosts functionality and flexibility, useful for families or developers alike.

Whether you seek to renovate lovingly, embark on an extensive transformation, or rebuild entirely (subject to council approval), this property provides multiple pathways to realise your vision. Its prime location near Waverley Road amenities, local parks such as the Urban Forest, reputable schools, and convenient public transport links also ensures lifestyle benefits and future growth opportunities. Additionally, proximity to Chadstone Shopping Centre enriches the convenience factor.

Overall, this home appeals to owner-occupiers and investors who value character, potential, and position, offering a chance to shape a unique family haven or a high-return project in a mature and sought-after suburb.

Local Market Insights

In Malvern East, Quiet Listings observed 22 new houses entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $2,069,164. The property type mix of listed properties is predominantly Houses at 53%, followed by apartments (27%), and townhouses (12%). Marshall White was the most active agency in this area, representing 22.7% 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.