1 Nirvana AvenueMalvern East VIC 3145
Property Details for 1 Nirvana Ave, Malvern East
1 Nirvana Ave, Malvern East is a 8 bedroom, 4 bathroom House with 4 parking spaces and was built in 1925. The property has a land size of 505m2 and floor size of 183m2. While the property is not currently for sale or for rent, it was last sold in July 2007.
Last Listing description (November 2023)
Discover an exceptional investment opportunity with this impressive block of four units, each offering a blend of comfort, convenience, and potential. Nestled in a central location, this two-storey property on 1139sqm (approx) presents, within each unit, a separate living room and dining room, a gas kitchen, two bedrooms and a bathroom, whilst a communal laundry adds further amenity. The advantage of a dedicated garage to each residence adds to the appeal of attracting potential tenants seeking convenience, practicality, and security. With a focus on long-term gains, it offers the potential for investors to secure a stable income stream with existing rental demand high in the area, making this property a promising addition to any investment portfolio. Situated within a short walk of cafes, East Malvern Station, Urban Forest Reserve, Carnegie shops and Neerim Road's vibrant dining hub, these units offer residents easy access to Dandenong Road, Chadstone Shopping Centre, and schools.
Property History for 1 Nirvana Ave, Malvern East, VIC 3145
- 19 Sep 2023Listed for Sale Contact Agent
- 21 Jul 2007Sold for $1,142,000
- 26 Jun 2007Listed for Sale Contact Agent
Recent sales nearby
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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 12,720 properties. Over the last 5 years, Houses in Malvern East have seen a 23.04% increase in median value, while Units have seen a 8.09% increase. As at 31 December 2025:
- The median value for Houses in Malvern East is $2,400,151 while the median value for Units is $678,702.
- Houses have a median rent of $698 while Units have a median rent of $550.
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