280 Waverley RoadMalvern East VIC 3145
Property Details for 280 Waverley Rd, Malvern East
Last Listing description (April 2023)
Gross Waddell ICR is pleased to present this prime commercial freehold in Waverley Road's tightly held retail precinct which boasts a cutting-edge permit for a sophisticated mixed-use development. Situated on a sprawling parcel of land with rear lane access, this property offers complete flexibility for astute purchasers to either occupy, reposition or develop (STCA) a world class project.
Favourably zoned Commercial 1 Zone (C1Z) and residing on a expansive 704 sqm* of land
Permit approved for a cutting-edge mixed-use development over 4 levels (plus basement)
Plans consist of 14 architecturally designed apartments plus 2 ground floor retail tenancies
Total development NSA of 1,385 sqm* with the blended average apartment achieving 85 sqm*
High demand Malvern East location with a median house price of $2,290,000 (REIV) and neighbouring the ever popular Malvern, Armadale, Caulfield and Glen Iris
Moments to Carnegie, Armadale, and Malvern's bustling retail strip as well as the world-renowned Chadstone Shopping Centre and Carnegie Central
The location offers unparalleled accessibility being only 10.5 km* to Melbourne's CBD and immediate access to trams and East Malvern, Carnegie and Caulfield train stations
Close to an array of Melbourne's most popular public and private schools including Korowa and Sacre Coeur
Property History for 280 Waverley Rd, Malvern East, VIC 3145
- 10 Jun 2023Sold for $3,096,500
- 28 Sep 2022Listed for Sale Offers Under Review
- 23 Jul 2021Listed for Sale Contact Agent
Local Area Liveability Score
This Liveability Score is a rating "out of 10" and a guide to how well connected properties within a local area are to facilities such as public transport, healthcare services, shopping outlets, schools and parkland. The scores apply to the local area (or "mesh block") in which a property is located. The scores are largely comprised of 2 main elements:
- Walking time to a local facility
- Number of facilities within a 20-minute walk
The overall Liveability Score is made up of smaller sub-scores, as described below.
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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 2011 was 20,066 people. By 2016 the population was 21,713 showing a population growth of 8.2% 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 2011, 68% of the homes in Malvern East were owner-occupied compared with 64.9% in 2016.
Malvern East has 12,712 properties. Over the last 5 years, Houses in Malvern East have seen a 13.80% increase in median value, while Units have seen a -1.08% decrease. As at 30 April 2025:
- The median value for Houses in Malvern East is $2,184,584 while the median value for Units is $580,426.
- Houses have a median rent of $750 while Units have a median rent of $550.
What's around 280 Waverley Rd, Malvern East
Suburb Insights for Malvern East 3145
Market Insights
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Neighbourhood Insights
Age
Population 21,713
0-9
11%
10-19
12%
20-29
19%
30-39
12%
40-49
14%
50-59
12%
60-69
9%
70-79
6%
80-89
3%
90-99
1%
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