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385 Waverley Rd

Mount Waverley VIC 3149

4
3
2
807 m²
House
Currently for sale - view listing

Overview

HIGH-YIELD INVESTMENT OPPORTUNITY WITH ROOMING HOUSE POTENTIAL!

Privately accessed via 50-52 Albert Street, this substantial double-storey residence presents an outstanding opportunity for astute investors seeking strong rental returns and long-term growth in the heart of Mount Waverley. Offering generous accommodation, multiple living zones and excellent versatility, the property has exciting potential to operate as a rooming house and generate an attractive rental yield, subject to council approval, registration and all relevant compliance requirements. Its spacious layout is well suited to individual room leasing, shared accommodation, or other flexible rental arrangements. Bathed in natural light, the home features a modern kitchen appointed with stainless-steel appliances, overlooking the meals area and connecting seamlessly with the formal lounge and dining spaces. Sleek timber flooring adds warmth and character throughout the main living zones. Positioned on an expansive allotment of approximately 807sqm, the property also offers significant future potential. Investors may choose to maximise the existing accommodation, hold as a high-income rental asset, explore redevelopment for luxury townhouses (STCA), or create a landmark family residence in this highly desirable location. Zoned for Mount Waverley Secondary College and Mount Waverley Primary School (STSA), the property is also conveniently located near public transport, local shopping, Valley Reserve, and the M1 Freeway. Combining potential high rental returns, a substantial landholding and excellent redevelopment prospects, this is a compelling investment opportunity in one of Mount Waverley's most sought-after locations.

Features

4 bedrooms
3 bathrooms
2 carspaces
2 carport spaces
807 m² lot size
House

Property history for 385 Waverley Rd

2013
Sold
$672,000
Sold by Set Date on 30 Aug 2013

Happy sellers in Mount Waverley

79%
79% of sellers in Mount Waverley reported that their sale price either exceeded or met their price expectations.

Mount Waverley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 79 reviews in Mount Waverley over the last 12 months.

Local market activity for 4 bedroom houses in Mount Waverley

In the last 12 months, 141 four-bedroom houses similar to 385 Waverley Rd, have been sold.

This represents a 21% increase in four-bedroom houses sales when compared to the previous 12 months.

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