459 Waverley Road

Malvern East VIC 3145

Outstanding lifestyle, investment, or development potential
General Residential Zone Schedule 7 (GRZ7)
Two five room dwellings to be offered as one, on one Title
Potential fully let income of $41,000 per annum
Approved Architect plans and permits for four excellent townhouses
Comfortably presented with period character, high ceilings
Two living rooms with functional gas appointed kitchen,
Two spacious bedrooms with BIRs, central bathroom, heating
Well maintained garden surrounds with rear carport parking
Uninterrupted north easterly aspect, easily accessed level allotment
Walk to East Malvern Station, vibrant cafes, parkland walking trails
Prized family pocket near schools, transport, parks, Chadstone S.C

To be offered as one building on one Title with northern rear garden and rear carport, these two charming clinker brick apartments present a range of profitable possibilities for today & tomorrow. Live in one and rent the other, rent both, renovate, subdivide, and return to the market, convert the entire building to one large lifestyle asset or maybe start again with a new home or project that perhaps uses current approved plans and permits for four excellent townhouses.

Set-in well-maintained gardens, each apartment currently offers comfortable two-bedroom accommodation with rich period character including high ceilings, original timber joinery and double sash windows throughout a generous living room with gas heater, adjoining air-conditioned dining room, two spacious bedrooms with BIRs, spotless gas kitchen, central bathroom, and rear undercover parking.

Walk to East Malvern Station, buses, Urban Forest, and Gardiners Creek parkland, sporting reserves and walking trails, Murrumbeena Primary, local childcare, and community services with minutes to leading private schools, Holmesglen TAFE, Malvern Valley Golf Course and Chadstone S.C.