38 Malvern St, Panania is a 5 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 550.1m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 5 bedroom House sold in Panania in the last 12 months.
MOVE-IN READY HOME WITH GRANNY FLAT & DUPLEX POTENTIAL
Perfectly positioned in a highly sought-after street in Panania South, this charming home is just moments from local schools, parks, shops, and Panania Train Station, with the added benefit of rear street access.
Set on a generous 550.1sqm (approx.) parcel of land with a 15.088m frontage, this property offers outstanding potential to further enhance, extend, renovate, or explore development opportunities (S.T.C.A).
Main Residence Features:
• Four bedrooms, all with built-in wardrobes, one with split-system air conditioning
• Updated kitchen with casual dining area and ample storage
• Generous living and dining areas with split-system air conditioning
• Neat and tidy main bathroom
• Large internal laundry with external access and 2nd toilet
• Covered alfresco entertaining area overlooking a landscaped yard
• Single carport
• Additional features include high ceilings, solar electricity, and gas bayonets
Granny Flat Features:
• One bedroom with built-in wardrobe
• Modern kitchen
• Open-plan living and dining with split-system air conditioning
• Combined bathroom and laundry
• Covered alfresco area and storage shed
• Rear street access via Dalziel Avenue
• Currently leased for $550 per week
Property Highlights:
• Land size: 550.1sqm (approx.) with 15.088m frontage
• Duplex potential (S.T.C.A)
• Total potential rental return $850 + $550 = $1,400 pw (approx.)
• Approx. 950m to Panania Train Station and local shops
• Approx. 700m to Panania Public School
• Approx. 1.8km to Picnic Point High School
Whether you're seeking a move-in ready home with additional rental income, space for extended family, or future development potential, this property presents an exceptional opportunity.
For more information or to arrange a private inspection, contact Jenny today.
Exclusively listed by Alliance Real Estate.
Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained herein is true and accurate to the best of our knowledge, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or mis-statements contained in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document.
The size of Panania is approximately 4.7 square kilometres. There are 21 parks, covering nearly 15.8% of the total area. The population of Panania in 2016 was 12419 people. By 2021 the population was 13507 showing a population growth of 8.8% in the area during that time. The predominant age group in Panania is 40-49 years. Households in Panania are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Panania work in a professional occupation.In 2021, 68.30% of the homes in Panania were owner-occupied compared with 69.70% in 2016.
Panania has 5,512 properties. Over the last 5 years, Houses in Panania have seen a 35.29% increase in median value, while Units have seen a 42.37% increase. As at 30 June 2026:
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