387 Stephensons Rd, Mount Waverley is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 696m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in July 2024.
Positioned in a leafy locale within the sought-after Mount Waverley SC zone, this vast 696m2 (approx.) corner allotment is a crystal-ball look into a promising future. Accessed via Charlton Street, this appealing block is primed to fulfil its destiny as a first-class development, whether that takes the form of luxury townhouses or a prestigious lifestyle property (STCA).
However, currently occupying the land is a three-bedroom, two-bathroom home and at the rear a one-bedroom, 1 bathroom granny flat.
In each home, a spacious living domain hosts relaxation and dining, complemented by a neat kitchen with room for casual meals, and a private garden. With a proven track record as a solid earner, you could line your pockets with income while awaiting plans and permits approval or watching your equity grow.
Enhancing the appeal is the prized location, which is within easy walking distance of Hamilton Place shops, Mt Waverley station, Mt Waverley PS and directly opposite Charlton St Reserve Playground and minutes from elite private schools, Chadstone Shops and M1.
We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.
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 17,935 properties. Over the last 5 years, Houses in Mount Waverley have seen a 17.63% increase in median value, while Units have seen a 19.93% increase. As at 28 February 2026:
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