387 Waverley Rd, Malvern East is a 3 bedroom, 1 bathroom House with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2025.
Big on space and full of possibility, this immaculate single-level Art Deco home sits on a generous north-facing block of approximately 432 square metres that invites you to live comfortably now and update or expand when the time is right.
Inside, the proportions are spacious and the atmosphere immediately welcoming. A large living room opens to a sunny terrace, while the kitchen includes an upright stove and meals area. All three bedrooms are a good size, two with built-in robes, and the central bathroom retains its original terrazzo floors, a charming detail that hints at its architectural heritage. Additional highlights include a separate laundry, timber floors, split-system air conditioners, a garage, and a deep front garden that adds to the presence and appeal.
The location offers clear advantages for both families and investors, with zoning for Solway Primary and Glen Eira College, and easy access to East Malvern Station, trams, Chadstone, Caulfield Village, Carnegie Central and Darling Park.
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 12,922 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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