RESIDE OR REDEVELOP!
This is one of those properties that come with a range of options! It's the perfect site for redevelopment into two townhouses or units. (The generous size of this corner allotment means that this property could easily be developed with 2 units, subject to the approval of the relevant authorities.) However, there's much more on offer than a development site
it's also a great investment opportunity. Meanwhile, the family home occupying the block has plenty more living to do. And it could also be renovated further - although there's definitely no rush.
Feaures
The size of Mount Waverley is approximately 15.2 square kilometres. There are 41 parks, covering nearly 11.6% of the total area. The population of Mount Waverley in 2016 was 33611 people. By 2021 the population was 35340 showing a population growth of 5.1% in the area during that time. The predominant age group in Mount Waverley is 40-49 years. Households in Mount Waverley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mount Waverley work in a professional occupation.In 2021, 73.40% of the homes in Mount Waverley were owner-occupied compared with 74.20% in 2016.
Mount Waverley has 17,906 properties. Over the last 5 years, Houses in Mount Waverley have seen a 7.28% increase in median value, while Units have seen a 7.95% increase. As at 31 May 2026:
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