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83 Bowen Street, Malvern East VIC 3145

Expressions Of Interest $1,650,000 - $1,800,000

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$1.65M - $1.73M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 2 Baths 2 Cars 674 m²

Listed: 9 hours ago

Overview

This substantial property occupies approximately 674 square metres of prime land in the sought-after suburb of Malvern East, offering exceptional potential for developers, builders, and investors alike. With an existing three-bedroom house providing two bathrooms and parking for two vehicles, the site balances immediate utility with long-term opportunity.

The generous backyard and established residential setting create an attractive foundation for those considering a knockdown and rebuild, multi-dwelling development, or long-term investment subject to council approval. The property is presently tenanted on a month-to-month basis, presenting rental income potential while plans are formulated.

Positioned within easy reach of local amenities including Phoenix Park, Malvern Valley Primary School, the Stonnington Sports Centre, and Chadstone Shopping Centre, the location complements the property's appeal for family-oriented lifestyles and active residents. Proximity to Holmesglen TAFE and East Malvern Station further enhances connectivity and convenience.

Land size suitable for substantial redevelopment or a landmark residence.
Three-bedroom residence providing immediate occupancy or rental return.
Strong appeal for developers and investors looking for growth in a well-established suburb.
Excellent access to education, recreational facilities, and shopping.

Overall, 83 Bowen Street presents a rare opportunity to secure a sizeable, strategically located parcel of land with immediate utility and significant scope for future development or enhancement.

Local Market Insights

In Malvern East, Quiet Listings observed 18 new houses entering the market over the last 30 days, unchanged from 18 in the prior period, with an average advertised asking price of $3,410,833. The property type mix of listed properties is predominantly Houses at 54%, followed by apartments (29%), and townhouses (6%). The most active agency for houses in the Malvern East area is currently Marshall White, representing 33% of new listings, followed by Jellis Craig with 17%. 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.