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.
