506 Waverley RoadMalvern East VIC 3145
Property Details for 506 Waverley Rd, Malvern East
Last Listing description (January 2023)
Malvern East has seen steady changes over the past years with development of numerous older sites bringing a new trendy faade to its streets, most notably the adjacent 5 level mixed use development. With a median house price of $1,675,000 and an average of 2.7 residents and 2 cars, the dwelling on site fits the bill perfectly. Subject to council approval, there is also a possibility to leave the existing building intact and develop additional residences above or behind the existing building.
Purchasers will benefit from the vast range of possibilities, including a large physical footprint/lot, development potential showcased by the height of surrounding developments and the residential/retail premises on site with room to park up to 4 vehicles inside the rear roller door. As for the interior, recent works include resurfacing the floor, painting and several other updates to bring the property to a stylish and clean finish.
Highlights include:
145m2* of total floor space
50m2* retail area
2 bedroom residence
Space to park up to 4 cars
Commercial 1 Zoning
Refurbished including new floor surfaces and painting
Able to lease/occupy residence and retail areas separately
The property is to be sold privately, please contact us today to arrange an inspection.
*Denotes approximates only.
As per the Government Directions, you must be fully vaccinated (or have a valid exemption) to attend any of our Open Properties or On Site Auctions. Simply show the Agent your green tick when scanning the QR Code at the door, or produce Proof of Vaccination or Exemption.
If you are unvaccinated or partially vaccinated, we can introduce you to the property via a private inspection. Please contact the agent to schedule a private inspection.
Property History for 506 Waverley Rd, Malvern East, VIC 3145
- 25 Mar 2021Sold for $1,166,000
- 09 Oct 2019Listed for Sale FOR SALE
- 29 Apr 1995Listed for Rent - Price not available
Recent sales nearby
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0About 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 12,949 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:
- The median value for Houses in Malvern East is $2,199,907 while the median value for Units is $693,787.
- Houses have a median rent of $895 while Units have a median rent of $578.
Suburb Insights for Malvern East 3145
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