493 Waverley Rd, Malvern East is a 3 bedroom, 2 bathroom House. The property has a land size of 759m2. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 3 bedroom House sold in Malvern East in the last 12 months.
Brimming with original character and offering an exciting opportunity to renovate, enhance or completely reimagine, this classic residence presents generous proportions, a solid structure and enduring period appeal in a wonderfully convenient Malvern East setting.Behind its distinctive solid brick facade, the home reveals well-proportioned interiors enriched by timber floors. The generous living room provides an inviting place to relax, while the separate kitchen is functional and ready for a contemporary transformation.Accommodation comprises three well-sized bedrooms, complemented by a central bathroom retaining its retro character. Large windows capture natural light and leafy outlooks, while the lock-up garage and established surrounds add further practicality.Comfortable as it stands yet offering outstanding potential for the future, the property presents multiple possibilities. Renovate and restore the existing residence, undertake a substantial transformation, or explore the potential to knock down and rebuild, subject to the necessary council approvals. A right of way at the rear further enhances access and adds to the property's flexibility.Positioned close to Waverley Road amenities, local parks including the Urban Forest, schools and public transport, with Chadstone Shopping Centre and the wider Malvern East lifestyle all within easy reach, this is a character-filled property offering a rare opportunity to create something truly your own.
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 12,931 properties. Over the last 5 years, Houses in Malvern East have seen a -1.68% decrease in median value, while Units have seen a -4.47% decrease. As at 31 August 2026:
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