517 High Street Rd, Mount Waverley is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 765m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 3 bedroom House sold in Mount Waverley in the last 12 months.
Discover a ready-made canvas for your next development-prime General Residential Zone 3 land accompanied by plans for four townhouses sets it apart as an incredible investment opportunity not to be missed!
Currently gracing the property is a well-maintained brick home oriented to enjoy north-facing backyard and placed upon a regular allotment, the home's classic format affords two robed bedrooms, a centrally located bathroom, and a luminous living space adjoining dining room (or 3rd bedroom) and neat kitchen and meals area. The spacious backyard encompasses a sizable single garage, complemented by a convenient carport for covered off-street parking.
Move in or lease out temporarily whilst considering your future plans, this presents an exceptional opportunity for generating rental income while progressing through the permitting stages.
Sure to appeal to a wide spectrum of buyers, this significant opportunity is within walking distance of Mount Waverley Secondary School, Mount Waverley North Primary, and in close proximity to The Glen for all lifestyle needs, Burwood One, High Street Road shops, various local bus services, Syndal Station and Monash Freeway, the property encapsulates convenience and potential.
All of which enhances the chance to tap into an area with a proven sales record and a strong demand for quality homes and reap the rewards of your investment.
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 17,910 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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