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Overview
This substantial combined landholding at 2 & 4 Drysdale Street, Malvern, presents an exceptional development opportunity within a highly sought-after inner-eastern suburb.
Spanning approximately 1,158 square metres across two titles, the site features a prominent frontage of 27.1 metres, offering excellent flexibility for a variety of future development projects subject to council approval. The location is strategically positioned between Glenferrie Road and Cabrini Hospital, placing it advantageously close to premium retail, dining, educational, medical, and transport amenities, including Malvern Railway Station and multiple tram routes.
Within the Housing Choice and Transport Zone (HCTZ1), the property is primed for high-density residential or mixed-use outcomes, providing versatility for developers looking to capitalize on strong demand in this blue-chip market.
- 2 Drysdale Street offers a 612 sqm land parcel with a character residence comprising five bedrooms and several living areas, currently vacant.
- 4 Drysdale Street covers 546 sqm and currently operates as a medical facility under a short-term lease, with potential for extension, presenting immediate holding income.
Surrounded by Malvern's premium schools, quality parklands, and established residential precincts, this site uniquely blends immediate income potential with significant future value enhancement through redevelopment.
Local Market Insights
In Melbourne - Inner South, Quiet Listings observed 10 new parcels of land entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $2,735,000. The property type mix of listed properties is predominantly Houses at 45%, followed by apartments (19%), and townhouses (17%). The most active agency for land in the Melbourne - Inner South area is currently OBrien Real Estate, representing 30% of new listings, followed by Buxton Real Estate Group 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.
Change History
| Headline | When |
|---|---|
| Expressions Of Interest | |
| Expressions Of Interest: 14/10/2026 3:00 PM |
Location
Market Insights for Malvern VIC 3144
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