5/3-5 Acre Pl, Malvern is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1651m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
Evoking the feel of a lush, private oasis, just a few short steps from the village-like charms of Malvern Road, this remarkably peaceful, two bedroom apartment fills with northerly light and frames attractive outlooks across impeccably maintained communal gardens. Set on the ground floor of this mid-century block, the apartment is a brilliant lifestyle option or a set-and-forget portfolio performer in a quiet one-way street that is pivotal to both Malvern Village and Glenferrie Road. With its lounge and dining opened up for a contemporary style of living and an easy connection to a pretty balcony, the home celebrates the tranquility of its garden setting as it basks in northerly light. Accessed securely via intercom entry, with a bright, gas-equipped kitchen, the apartment also features a coveted undercover parking space, as well as built-in robes in the bedrooms, a sparkling bathroom, separate wc, a communal laundry and a drying room. Merely metres from Malvern Road, where you are sure to relish the ever-popular cafe culture, fine dining, great bars, shopping and trams to either Camberwell or the city, plus you have Glenferrie Road nearby and city-bound trains from Tooronga Railway Station.
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 6,825 properties. Over the last 5 years, Houses in Malvern have seen a 25.62% increase in median value, while Units have seen a 7.14% increase. As at 30 November 2025:
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