254 Highbury RoadMount Waverley VIC 3149
Property Details for 254 Highbury Rd, Mount Waverley
254 Highbury Rd, Mount Waverley is a 8 bedroom, 3 bathroom House with 4 parking spaces and was built in 1985. The property has a land size of 769m2 and floor size of 207m2. While the property is not currently for sale or for rent, it was last sold in June 2018.
Last Listing description (May 2026)
*** INSPECTIONS BY APPOINTMENTS ONLY***
Please enquire online or call our office (open 7 days) on (03) 9808 0481 for a PRIVATE VIEWING of this stunning home.
Step inside this versatile and high-performing property at 254 Highbury Road, Mount Waverley, where strong rental returns meet long-term investment potential in one of the areas most tightly held pockets. Positioned on a substantial 766sqm (approx.) allotment within the sought-after Mount Waverley Secondary College zone, this well-maintained double-storey brick residence is perfectly suited for astute investors seeking immediate income, future upside, and potential for commercial conversion (STCA). Currently operating as a council-approved rooming house, the property delivers consistent returns while offering flexibility for future reconfiguration, making it a rare and strategic addition to any investment portfolio.
Features include:
* Proven high-income producing asset currently configured as a council-approved rooming house generating approximately $140,000 per annum, offering strong and consistent rental yield.
* Expansive double-storey brick construction set on 766sqm (approx.), providing a solid foundation for long-term capital growth and future adaptability.
* Flexible layout comprising eight bedrooms, three bathrooms, and multiple living zones, ideal for maximising rental returns or accommodating diverse tenancy arrangements.
* Well-equipped central kitchen and dining area featuring gas cooking, ample bench space and storage, designed to service multiple occupants efficiently.
* Multiple internal living areas including formal lounge and separate living zones, enhancing tenant comfort and overall functionality of the home.
* Heating and cooling provisions including three air-conditioning units and ducted heating, ensuring year-round comfort for occupants.
* Generous on-site parking with capacity for up to six vehicles, a rare and valuable feature for high-occupancy or potential commercial use.
* Outdoor amenities including a swimming pool, front garden and low-maintenance rear yard, adding further appeal for tenants and increasing rental desirability.
* Potential for future commercial conversion such as medical clinic, consulting suites or allied health use (subject to council approval), enhancing long-term investment flexibility.
* Strong landholding with scope for future redevelopment, reconfiguration or continued high-yield leasing strategy (STCA).
Perfectly positioned along Highbury Road, this property benefits from exceptional connectivity and proximity to key lifestyle and institutional amenities including Deakin University, Mount Waverley Secondary College, Essex Heights Primary School, local shopping precincts, public transport options including bus routes, parklands and golf courses. With consistent tenant demand driven by nearby education hubs and infrastructure, this location underpins both immediate rental performance and long-term capital growth, making it an outstanding opportunity for investors seeking scale, return and future potential.
Dont miss this incredible opportunityenquire today!
Contact Josh Hanvey and Scott Kim today on (03) 9808 0481 for more information and secure this home today!
** Sale Method: Private Negotiation
** Settlement: 30/60 Days Preferred
** Inspection: By Appointment Only
Property History for 254 Highbury Rd, Mount Waverley, VIC 3149
- 16 May 2026Listed for Sale $140,000 p.a. Rental Income
- 23 Jun 2018Sold for $1,350,000
- 18 Apr 2018Listed for Sale $1350000 - $1400000
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0About Mount Waverley 3149
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 17,903 properties. Over the last 5 years, Houses in Mount Waverley have seen a 10.11% increase in median value, while Units have seen a 14.14% increase. As at 30 April 2026:
- The median value for Houses in Mount Waverley is $1,623,226 while the median value for Units is $1,110,542.
- Houses have a median rent of $730 while Units have a median rent of $700.
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