294 Stephensons Road, Mount Waverley, VIC 3149 | Property Value & History | OnTheHouse
 
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294 Stephensons Road
Mount Waverley VIC 3149

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 147m2
Land area: 318m2
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Property Details for 294 Stephensons Rd, Mount Waverley

Building Type
Commercial
Floor Size
147m2
Land Size
318m2
Local Government
Monash
Lot/Plan
CP105208

Last Listing description (May 2022)

To be sold as a tenanted investment. Affordable investments like these prove harder to come by, and 294 Stephensons Road presents a unique opportunity for astute investors to make it their own. Located only metres from Mount Waverley Train Station, this is an extremely rare opportunity not to be missed.

Land 333m2 (Approx)

Floor Area 147m2 (Approx)

Leased to Alpha Hearing - a reliable medical clinic

Rental $41,457 NET (as of August 2022)

Tenant pays all outgoings (excluding land tax)

3 year lease commenced August 2021

3% Rent annual rent increases

Occupied for 9+ years

3 Rear car park

Rear loading access

Solid Brick Construction

Well connected to public transport, parking and major arterials

Substantial council car park at the rear

Flexible Commercial 1 Zone

Term 3 years with 2 further 3 year options

Located in an established residential area only 16.5km (approx.) from Melbourne's CBD. With convenient access from surrounding suburbs, Glen Waverley, Oakleigh, Burwood and Chadstone.

For further information and to schedule an inspection, please contact:

Ryan Trickey 0400 380 438

Will Jonas 0422 883 011

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Property History for 294 Stephensons Rd, Mount Waverley, VIC 3149

A timeline of how this property has performed in the market
Last Sold
$1,511,000
26 May 2022
Listed for Rent
$690/w
26 May 2013
  • 26 May 2022
    Sold for $1,511,000
  • 22 Apr 2022
    Listed for Sale POA
  • 26 May 2013
    Listed for Rent - Price not available
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About Mount Waverley 3149

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 26.23% increase in median value, while Units have seen a 23.05% increase. As at 31 December 2025:

  • The median value for Houses in Mount Waverley is $1,676,845 while the median value for Units is $1,133,686.
  • Houses have a median rent of $720 while Units have a median rent of $675.
There are currently 60 properties listed for sale, and 37 properties listed for rent in Mount waverley on OnTheHouse. According to Cotality's data, 759 properties were sold in the past 12 months in Mount waverley.

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© Copyright 2026. 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.

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