275 Waverley Road, Malvern East, VIC 3145 | House for sale | OnTheHouse
 
FOR SALE
$4,400,000 - $4,800,000

275 Waverley Road
Malvern East VIC 3145

Bedrooms: 6
Bathrooms: 3
Car spaces: 4
Land area: 604m2
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MALVERN EAST’S PREMIER MIXED-USE INVESTMENT OPPORTUNITY !

This is a rare opportunity to acquire a versatile freehold property at 275 Waverley Road, Malvern East. This property is ideal for both astute investors looking for a high-yield asset and owner-occupiers seeking a flexible living and income-generating space in a prime location.
Property Overview
This property offers a unique blend of commercial and residential potential on a generous 604m² block with a wide 15m+ frontage to Waverley Road. The property is zoned Commercial 1 and even includes an approved planning permit for a 4-level office with a basement development, providing significant future development upside.
The location is unbeatable, offering a walkable lifestyle with easy access to key amenities:
• Transport: Carnegie Station is just 1.1km away, with trams only 100m from your doorstep.
• Education & Recreation: Monash University (Caulfield campus) is 1.1km away, while Caulfield Racecourse is 2.1km away.
• Retail: Chadstone Shopping Centre is a short 2.8km drive, and the property is moments from Dandenong Road and the Monash Freeway (3.4km), providing a direct link to the Melbourne CBD (14km).
Income Potential
The property features multiple income streams, making it a high-performing investment from day one.
• Established Businesses: a well-established coin laundry with approx.. 60 years of operation and a newer dog wash facility—currently generating a combined annual income of approximately $90,000. The current owner has made significant upgrades to the laundry facility, installing market leading Huebsch commercial washing equipment, automated payment systems and energy-efficient 18kW solar panels. They've also added compliant electrical safety switches. These improvements will ensure optimal efficiency and lower operating costs for the new owner.
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Property Details for 275 Waverley Rd, Malvern East

275 Waverley Rd, Malvern East is a 6 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 604m2. The place is currently for sale with The One Real Estate .

Building Type
House
Land Size
604m2
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About Malvern East 3145

The size of Malvern East is approximately 7.7 square kilometres. It has 25 parks covering nearly 14.3% of total area. The population of Malvern East in 2016 was 21707 people. By 2021 the population was 22296 showing a population growth of 2.7% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation.In 2021, 66.90% of the homes in Malvern East were owner-occupied compared with 64.90% in 2016.

Malvern East has 12,709 properties. Over the last 5 years, Houses in Malvern East have seen a 28.91% increase in median value, while Units have seen a 9.00% increase. As at 30 November 2025:

  • The median value for Houses in Malvern East is $2,491,966 while the median value for Units is $616,709.
  • Houses have a median rent of $695 while Units have a median rent of $550.
There are currently 28 properties listed for sale, and 22 properties listed for rent in Malvern east on OnTheHouse. According to Cotality's data, 553 properties were sold in the past 12 months in Malvern east.

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Tony Kwan
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Dominic Tiong
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