452 Waverley RoadMalvern East VIC 3145
Property Details for 452 Waverley Rd, Malvern East
Last Listing description (November 2016)
GormanKelly is pleased to offer 452 Waverley Road, Malvern East for sale.
Offering an outstanding opportunity to secure a standalone two level office/retail freehold with rear access and onsite parking. The property provides a variety of different options suitable for owner occupiers, investors or developers for mixed use redevelopment.
? Two level well-presented retail/office building;
? Building area 217m with rear onsite parking;
? Suitable for Commercial or Residential development (STCA);
? Land area 284m with rear access;
? Zoned Commercial 1;
? Fantastic location: Easy access to the Monash Freeway with East Malvern Railway Station just a short walk away.
The adjoining property at 444-450 Waverley Road is also for sale which comprises a total land area of 1,200m2 and existing buildings of 927m2. There is an opportunity to purchase 452 Waverley Rd together with the adjoining site or separately.
452 Waverley Road is located on the southern side of Waverley Road near the corner of Malvern Road and is located approximately 12km* from the Melbourne CBD. Malvern East is a highly after commercial and residential location due to its ease of access and close proximity to some of Melbourne s most sought after and valuable residential suburbs.
The property is located in an established retail strip location with some more recent mixed use residential developments coming into the area over recent years. The property enjoys a fantastic location in close proximity to Monash University Caulfield, Chadstone Shopping Centre, Monash Freeway, local parks and East Malvern railway station.
Property History for 452 Waverley Rd, Malvern East, VIC 3145
- 07 Aug 2015Sold for $1,067,001
- 30 Apr 2015Listed for Sale SOLD - $1,067,001
- 29 Jan 2009Transferred
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About Malvern East 3145
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 12,953 properties. Over the last 5 years, Houses in Malvern East have seen a -2.64% decrease in median value, while Units have seen a -3.26% decrease. As at 31 July 2026:
- The median value for Houses in Malvern East is $2,269,530 while the median value for Units is $656,432.
- Houses have a median rent of $883 while Units have a median rent of $575.
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