223 Stephensons Rd, Mount Waverley is a 7 bedroom, 2 bathroom House with 4 parking spaces and was built in 1965. The property has a land size of 680m2 and floor size of 230m2. While the property is not currently for sale or for rent, it was last sold in April 2025. There are other 7 bedroom House sold in Mount Waverley in the last 12 months.
Over $70,000 p.a return in the Heart of Mount Waverley!
**ALL INSPECTIONS ARE BY PRIVATE APPOINT ONLY. PLEASE PROVIDE YOUR BEST CONTACT NUMBER FOR FURTHER DETAILS**
This two-storey residence with city views offers significant investment potential with a 3-year fixed lease in place guaranteeing a yearly return of over $70,000 p.a, making it one of the highest return-on-investment (ROI) properties in Mount Waverley. With exceptional family flexibility and potential for future development, this property is a prime opportunity.
Features include:
* 9 spacious bedrooms
* 2 updated kitchens with stainless steel appliances (gas cooktop, oven and dishwasher) and views of the city from the upstairs kitchen
* Dual living areas
* Lower level features a fully self-contained unit, ideal for extended rental investment, and future family occupancy, completed with a bedroom, bathroom, kitchen, living area and independent entry
* Split system cooling and ducted heating that amplifies year-round comfort with effective climate control
* Double garage with a workshop area and additional carport and front parking space
Positioned on 680m of prime real estate in the heart of Mount Waverley just 5 minutes walk to the Mount Waverley Train Station and shops, and walking distance to the the highly desirable Mount Waverley Secondary College (MWSC) and Mount Waverley North Primary catchments, Huntingtower, Wesley College, Monash and Deakin universities, Burwood One, The Glen and Chadstone Shopping Centre and access to Monash M1 Freeway all just a short drive away This home is
not to be missed!
Contact Scott Kim and Josh Hanvey on (03) 9808 0481 for more information and secure this home today!
** Sale Method: Private Negotiation
** Settlement: Negotiable
** Inspection: By Appointment Only (Must provide phone number with the enquiry)
The size of Mount Waverley is approximately 15.2 square kilometres. It has 41 parks covering nearly 11.6% of 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 17,936 properties. Over the last 5 years, Houses in Mount Waverley have seen a 31.74% increase in median value, while Units have seen a 33.06% increase. As at 30 November 2025:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.