This magnificent piece of gem sitting on waaverly road in Malvern east surrounded with all the local ameneties schools, local shops and Chadstone shopping centre.
It has 2 bedrooms upstairs which is also rented to the tenants.
Currently been leased out for $59,400 annually.
Great return and poential to build multilevel with subject to council approval.
Call or email today to secure this commercial opprtunity.
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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 12,899 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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