487 Waverley Rd, Malvern East is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 812m2 and floor size of 138m2. While the property is not currently for sale or for rent, it was last sold in April 2024.
Enhanced by direct access to the Rialto West cul-de-sac allowing for genuine subdivision potential (STCA), the substantial 812sqm (approx.) of land, north-facing rear and dual street frontages of this solid-brick 3-bedroom home point to options galore for the enterprising investor, builder or developer. Updated interiors in the current dwelling enjoy a contemporary edge, with a light-filled living room taking in front garden aspects, a kitchen/meals (stone benchtops and gas appliances) preceding a rumpus/family room and an elevated sun-soaked terrace boasting a relaxing leafy outlook. All three bedrooms have built-in robes - the master adjoining a private ensuite, with both renovated bathrooms including heat lights (shower and tub in main). A single garage plus extra off-street parking, a separate laundry and solid timber floors round out a rare opportunity close to Sydare Ave Reserve, Urban Forest Reserve, Gardiners Creek Trail, East Malvern Station, local schools and Chadstone Shopping Centre.
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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