38 Stanhope StreetMalvern VIC 3144
Property Details for 38 Stanhope St, Malvern
Last Listing description (March 2016)
Iconic Malvern Garage with future development potential (STCA), securely leased to Malvern Automotive Repairs, represents a significant opportunity in several significant ways. As a reliable source of rental income from a first class tenant this exceptional site delivers immediate rewards, matched by subsequent scope to apply an alternative use at the expiry of the current lease STCA. This well known, highly strategic address offers some 355 sqm of premium Malvern land, wide street frontage and side lane access, literally around the corner from the Glenferrie retail and restaurant scene. Returning $65,000.00 per annum.
Property History for 38 Stanhope St, Malvern, VIC 3144
- 09 Mar 2016Sold for $2,015,000
- 04 Feb 2016Listed for Sale Not Disclosed
- 01 Mar 1988Sold for $170,000
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0About Malvern 3144
The size of Malvern is approximately 2.9 square kilometres. It has 9 parks covering nearly 4.4% of total area. The population of Malvern in 2016 was 10066 people. By 2021 the population was 9929 showing a population decline of 1.4% in the area during that time. The predominant age group in Malvern is 50-59 years. Households in Malvern are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern work in a professional occupation.In 2021, 70.20% of the homes in Malvern were owner-occupied compared with 66.70% in 2016.
Malvern has 6,826 properties. Over the last 5 years, Houses in Malvern have seen a 19.89% increase in median value, while Units have seen a 10.39% increase. As at 31 December 2025:
- The median value for Houses in Malvern is $3,191,701 while the median value for Units is $806,389.
- Houses have a median rent of $850 while Units have a median rent of $580.
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