24 Wallace Road
Wantirna South, VIC 3152

Overview

Sweeping Frontage for Future Growth

This property is located in the serene Lakeside district, just a short walk from the Lakewood Reserve and its scenic walking circuit, complemented by eight additional parks within the peaceful Parkside Estate. The home boasts an impressive approximate 30-meter frontage, offering significant potential for expansion or redevelopment into a multi-unit site, subject to council approval. Elevated second-storey views may include mountain outlooks, catering to the increasing demand for new townhomes in this sought-after area.

The residence is currently lease-ready and presents in excellent original condition. It features a classic oak timber kitchen, a two-way bathroom, a master bedroom with an ensuite, and a spacious covered verandah overlooking a flat backyard. The east-facing aspect ensures abundant morning sunlight fills nearly every room, with the home positioned at the front of the approximately 724 square meter wide block.

This property offers a unique opportunity to renovate to personal taste or pursue a more substantial development project in a suburb with a median house price around $1.3 million, according to REIV data. The location is surrounded by reputable schools including Knox Gardens Primary, St Andrews, Waverley Christian College, and Good Start Early Learning. Recreational facilities nearby include basketball courts, football grounds, athletic fields, pickleball, and tennis courts. Additionally, the property benefits from proximity to the $300 million upgrade of Westfield Knox and easy access to Eastlink.

Residents will enjoy a tranquil lifestyle on a popular promenade bend, just 30 meters from a hidden nature reserve known for its waterbirds and lakeside ambiance. This home combines lifestyle, convenience, and future growth potential in a well-serviced pocket of Wantirna South.

Location