248 Waverley Rd, Malvern East is a 4 bedroom, 1 bathroom House with 3 parking spaces and was built in 1910. The property has a land size of 838m2 and floor size of 250m2. While the property is not currently for sale or for rent, it was last sold in November 2018.
Revealing an endless array of options for the home buyer, renovator and developer, this grandly proportioned period home is brimming with character and bursting with potential on a generous allotment of land right on the edge of East Malvern village. From a family perspective, the existing home holds timeless appeal and presents a wonderful foundation for your contemporary additions with over-sized proportioned rooms, Baltic timber floors, high ceilings and beautiful leadlight windows. There s boundless space in the lush level gardens to extend, add a luxurious resort-style pool oasis and create a prestige family estate close to outstanding schools, Ardrie Park, East Malvern and Caulfield trains, trams and Monash Uni Caulfield. A flexible home with overwhelming prospects comprising secure portico entrance to an elegant fret-worked foyer, 3 big bedrooms, magnificent formal lounge (OFP), updated bathroom, large kitchen (walk-in pantry and cellar) and meals area, pretty sitting room and sunroom. Upstairs you will discover a 4th bedroom and huge attic-style retreat with a delightfully sunny balcony where you can sit and relax on a Summer s afternoon with a good book. Alternatively, the substantial land dimensions (18.3m x 45.7m), ideal GRZ 7 planning zone (10.5m height limit), wide 4.5m ROW second access and high-exposure location close to trams and trains will no doubt tempt developers to pursue a multi-unit development, wiping the slate clean and creating a boutique group making full use of the dynamic location close to all of Malvern East's finest amenities. Land 833 sqm (approx.)
The size of Malvern East is approximately 7.7 square kilometres. There are 25 parks, covering nearly 14.3% of the 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 12,924 properties. Over the last 5 years, Houses in Malvern East have seen a -3.31% decrease in median value, while Units have seen a -7.08% decrease. As at 30 June 2026:
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